Vietnam: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Vietnam

In 2022, the Vietnamese halogenated hydrocarbon derivative market decreased by -13.4% to $X for the first time since 2013, thus ending a eight-year rising trend. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +92.2% against 2013 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Halogenated Hydrocarbon Derivative Exports

Exports from Vietnam

In 2022, approx. X tons of halogenated derivatives of hydrocarbons were exported from Vietnam; falling by -36.6% against the previous year's figure. Over the period under review, exports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 361% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports fell remarkably to $X in 2022. Overall, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 468%. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

Cambodia (X tons), Brunei Darussalam (X tons) and Myanmar (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Vietnam, with a combined 74% share of total exports. The Philippines, Saudi Arabia, Thailand, the United Arab Emirates, Lao People's Democratic Republic and India lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +81.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Vietnam were Cambodia ($X), the Philippines ($X) and Myanmar ($X), with a combined 62% share of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +96.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, declining by -7.3% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative export price increased by +75.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 73%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Vietnam

In 2022, halogenated hydrocarbon derivative imports into Vietnam amounted to X tons, approximately reflecting the previous year. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 35%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative imports dropped remarkably to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Vietnam, with a 33% share of total imports. Moreover, halogenated hydrocarbon derivative imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.1% per year) and Japan (+13.0% per year).

In value terms, the largest halogenated hydrocarbon derivative suppliers to Vietnam were Indonesia ($X), China ($X) and Japan ($X), together comprising 64% of total imports. Taiwan (Chinese), Thailand, South Korea, Malaysia, Saudi Arabia and Qatar lagged somewhat behind, together comprising a further 33%.

South Korea, with a CAGR of +35.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, falling by -19.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 63% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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