Report Update Nov 1, 2024

Vietnam - Hydantoin and Its Derivatives - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Hydantoin Market 2024

Hydantoin Market Size in Vietnam

The Vietnamese hydantoin market shrank to $X in 2022, reducing by -6.6% against the previous year. Over the period under review, consumption, however, saw modest growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Hydantoin Production in Vietnam

In value terms, hydantoin production declined dramatically to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 98% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Hydantoin Exports

Exports from Vietnam

In 2021, the amount of hydantoin and its derivatives exported from Vietnam stood at X kg, flattening at the previous year's figure. Over the period under review, exports recorded a dramatic shrinkage. The smallest decline of -86.5% was in 2016. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hydantoin exports amounted to $X in 2021. Overall, exports continue to indicate a significant contraction. The smallest decline of -85.5% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cambodia (X kg) was the main destination for hydantoin exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia stood at +52.7%.

From 2012 to 2021, the average annual rate of growth in terms of value to Cambodia amounted to -8.5%.

Export Prices by Country

The average hydantoin export price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2016 an increase of 7.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cambodia.

From 2012 to 2021, the rate of growth in terms of prices for Cambodia amounted to -40.1% per year.

Hydantoin Imports

Imports into Vietnam

In 2022, the amount of hydantoin and its derivatives imported into Vietnam totaled X tons, growing by 11% against 2021 figures. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 105% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, hydantoin imports reached $X in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 109%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest hydantoin supplier to Vietnam, with a 42% share of total imports. Moreover, hydantoin imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+26.4% per year) and Thailand (+35.3% per year).

In value terms, China ($X) constituted the largest supplier of hydantoin and its derivatives to Vietnam, comprising 44% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by South Korea, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.7% per year) and South Korea (+97.2% per year).

Import Prices by Country

The average hydantoin import price stood at $X per ton in 2022, declining by -6.2% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2013 when the average import price increased by 39%. The import price peaked at $X per ton in 2021, and then shrank 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 Indonesia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydantoin and its derivatives in the world?

The countries with the highest volumes of in 2021 were China, the United States and Spain, with a combined 32% share of global consumption.

What are the largest producers of hydantoin and its derivatives in the world?

China remains the largest hydantoin producing country worldwide, comprising approx. 43% of total volume. Moreover, hydantoin production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The United States ranked third in terms of total production with an 8% share.

What are the leading suppliers of hydantoin and its derivatives to Vietnam?

In value terms, China constituted the largest supplier of hydantoin to Vietnam, comprising 57% of total imports. The second position in the ranking was occupied by India, with a 14% share of total imports. It was followed by Thailand, with an 8.3% share.

What is the average export price for hydantoin and its derivatives in Vietnam?

In 2015, the average hydantoin export price amounted to $8,154 per ton, almost unchanged from the previous year.

What is the average import price for hydantoin and its derivatives in Vietnam?

The average hydantoin import price stood at $5,218 per ton in 2021, waning by -5.9% against the previous year.

This report provides an in-depth analysis of the hydantoin market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21103140 - Hydantoin and its derivatives

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023