Vietnam: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Vietnam

The Vietnamese hard plastic comb market contracted modestly to $X in 2022, with a decrease of -4.3% against the previous year. Overall, consumption showed a pronounced slump. Hard plastic comb consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Hard Plastic Comb Production in Vietnam

In value terms, hard plastic comb production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The pace of growth was the most pronounced in 2015 with an increase of 42% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Hard Plastic Comb Exports

Exports from Vietnam

In 2022, shipments abroad of hard rubber or plastic combs decreased by -0.8% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2019 with an increase of 72% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced modestly in the following year.

In value terms, hard plastic comb exports dropped to $X in 2022. Overall, exports, however, continue to indicate a measured increase. The pace of growth was the most pronounced in 2014 when exports increased by 59% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Japan (X tons) was the main destination for hard plastic comb exports from Vietnam, with a 74% share of total exports. Moreover, hard plastic comb exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), fourfold. South Korea (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+29.1% per year) and South Korea (+123.4% per year).

In value terms, Japan ($X) remains the key foreign market for hard rubber or plastic combs exports from Vietnam, comprising 72% of total exports. The second position in the ranking was taken by the United States ($X), with a 20% share of total exports. It was followed by Germany, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.0% per year) and Germany (+88.6% per year).

Export Prices by Country

In 2022, the average hard plastic comb export price amounted to $X per ton, waning by -6.1% against the previous year. In general, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2016 an increase of 19%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to South Korea ($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 Germany (+5.8%), while the prices for the other major destinations experienced a decline.

Hard Plastic Comb Imports

Imports into Vietnam

In 2022, purchases abroad of hard rubber or plastic combs decreased by -5.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 86% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, hard plastic comb imports reduced to $X in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 88% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of hard plastic comb to Vietnam, accounting for a 96% share of total imports. It was followed by South Korea (X kg), with a 2.1% share of total imports. Japan (X kg) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.5% per year) and Japan (+26.5% per year).

In value terms, China ($X) constituted the largest supplier of hard rubber or plastic combs to Vietnam, comprising 96% of total imports. The second position in the ranking was taken by South Korea ($X), with a 2.1% share of total imports. It was followed by Japan, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.8% per year) and Japan (+31.7% per year).

Import Prices by Country

The average hard plastic comb import price stood at $X per ton in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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