Vietnam: Fluoropolymers Market 2025

Fluoropolymers Market Size in Vietnam

In 2021, the Vietnamese fluoropolymers market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption posted strong growth. Fluoropolymers consumption peaked in 2021 and is likely to see steady growth in years to come.

Fluoropolymers Exports

Exports from Vietnam

Fluoropolymers exports from Vietnam surged to X tons in 2021, jumping by 222% compared with the previous year. Over the period under review, exports recorded a resilient increase. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, fluoropolymers exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2019 when exports increased by 379%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of fluoropolymers exports from Vietnam, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +106.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for fluoropolymers exported from Vietnam were China ($X), South Korea ($X) and Japan ($X), together comprising 87% of total exports.

China, with a CAGR of +169.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fluoropolymers export price stood at $X per ton in 2021, falling by -5.5% against the previous year. In general, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 103%. The export price peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to South Korea ($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 Thailand (+77.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into Vietnam

In 2021, the amount of fluoropolymers imported into Vietnam surged to X tons, increasing by 37% against the year before. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 126% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, fluoropolymers imports surged to $X in 2021. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 147%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Japan (X tons), China (X tons) and South Korea (X tons) were the main suppliers of fluoropolymers imports to Vietnam, together accounting for 89% of total imports. These countries were followed by the United States, the Netherlands, Italy, Taiwan (Chinese) and Germany, which together accounted for a further 9.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +33.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the largest fluoropolymers suppliers to Vietnam, with a combined 89% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +38.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fluoropolymers import price stood at $X per ton in 2021, growing by 7% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 9.4% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and the United States ($X per ton), while the price for the Netherlands ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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