Vietnam: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Vietnam

In 2021, the Vietnamese acyclic hydrocarbons derivatives market decreased by -17.4% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, enjoyed a buoyant expansion. Acyclic hydrocarbons derivatives consumption peaked at $X in 2020, and then dropped dramatically in the following year.

Acyclic Hydrocarbons Derivatives Exports

Exports from Vietnam

For the fourth year in a row, Vietnam recorded growth in overseas shipments of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons, which increased by 91% to X tons in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 658%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, acyclic hydrocarbons derivatives exports dropped slightly to $X in 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 581% against the previous year. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

Pakistan (X tons), the Philippines (X tons) and Thailand (X tons) were the main destinations of acyclic hydrocarbons derivatives exports from Vietnam, with a combined 89% share of total exports. Malaysia, Cambodia, the United States and China lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +81.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) emerged as the key foreign market for fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports from Vietnam, comprising 55% of total exports. The second position in the ranking was held by Pakistan ($X), with a 15% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and Thailand (0.0% per year).

Export Prices by Country

In 2021, the average acyclic hydrocarbons derivatives export price amounted to $X per ton, declining by -50% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 48%. The export price peaked at $X per ton in 2020, and then reduced sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Acyclic Hydrocarbons Derivatives Imports

Imports into Vietnam

After two years of growth, overseas purchases of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons decreased by -14% to X tons in 2021. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 150% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then shrank in the following year.

In value terms, acyclic hydrocarbons derivatives imports fell to $X in 2021. In general, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 180% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest acyclic hydrocarbons derivatives supplier to Vietnam, with a 63% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by India (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.7% per year) and India (+26.4% per year).

In value terms, China ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Vietnam, comprising 58% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by India, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.6% per year) and India (+20.3% per year).

Import Prices by Country

The average acyclic hydrocarbons derivatives import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price saw a deep slump. The growth pace was the most rapid in 2017 an increase of 12% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Israel ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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