Vietnam: Envelope Market 2024

Envelope Market Size in Vietnam

In 2021, after six years of decline, there was growth in the Vietnamese envelope market, when its value increased by 4.9% to $X. Overall, consumption, however, faced a deep setback. Envelope consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Envelope Production in Vietnam

In value terms, envelope production totaled $X in 2021 estimated in export price. Overall, production, however, faced a deep setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by 3.1%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Envelope Exports

Exports from Vietnam

In 2021, shipments abroad of envelopes decreased by -21% to X tons, falling for the second year in a row after eight years of growth. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 583% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, envelope exports contracted markedly to $X in 2021. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 489% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for envelope exports from Vietnam, with a 65% share of total exports. Moreover, envelope exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +47.0%.

In value terms, Japan ($X) remains the key foreign market for envelopes exports from Vietnam, comprising 65% of total exports. The second position in the ranking was held by the United States ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to +40.5%.

Export Prices by Country

In 2021, the average envelope export price amounted to $X per ton, growing by 3.1% against the previous year. Overall, the export price, however, saw a noticeable curtailment. The growth pace was the most rapid in 2020 an increase of 11%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-4.5%).

Envelope Imports

Imports into Vietnam

For the eighth consecutive year, Vietnam recorded growth in supplies from abroad of envelopes, which increased by 21% to X tons in 2021. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, envelope imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest envelope supplier to Vietnam, with a 88% share of total imports. Moreover, envelope imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. The third position in this ranking was taken by Japan (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +44.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+99.3% per year) and Japan (-14.0% per year).

In value terms, China ($X) constituted the largest supplier of envelopes to Vietnam, comprising 88% of total imports. The second position in the ranking was taken by Singapore ($X), with an 8.3% share of total imports. It was followed by Japan, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+107.4% per year) and Japan (-9.9% per year).

Import Prices by Country

In 2021, the average envelope import price amounted to $X per ton, rising by 44% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, envelope import price increased by +68.8% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Thailand ($X per ton), while the price for Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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