Report Update Nov 1, 2024

Vietnam - Industrial Tall Oil Fatty Acids - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Vietnam

The Vietnamese tall oil fatty acids market surged to $X in 2021, increasing by 23% against the previous year. In general, consumption recorded a significant expansion. Tall oil fatty acids consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Industrial Tall Oil Fatty Acids in Vietnam

In value terms, tall oil fatty acids production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 46%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports from Vietnam

For the fourth year in a row, Vietnam recorded growth in overseas shipments of industrial tall oil fatty acids, which increased by 20% to X tons in 2021. In general, exports, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 130%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, tall oil fatty acids exports soared to $X in 2021. Overall, exports, however, recorded a sharp curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 78% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for tall oil fatty acids exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at -29.9%.

In value terms, Singapore ($X) also remains the key foreign market for industrial tall oil fatty acids exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled -29.6%.

Export Prices by Country

In 2021, the average tall oil fatty acids export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 108%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to +0.5% per year.

Imports of Industrial Tall Oil Fatty Acids

Imports into Vietnam

Tall oil fatty acids imports into Vietnam skyrocketed to X tons in 2021, picking up by 44% on 2020. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 151% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, tall oil fatty acids imports skyrocketed to $X in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 230%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Japan (X tons), Singapore (X tons) and the United States (X tons) were the main suppliers of tall oil fatty acids imports to Vietnam, together accounting for 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +101.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Singapore ($X) and the United States ($X) were the largest tall oil fatty acids suppliers to Vietnam, with a combined 87% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +102.0%, recorded 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 tall oil fatty acids import price stood at $X per ton in 2021, shrinking by -3.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 31% against the previous year. The import price peaked at $X per ton in 2020, and then reduced modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.1%), 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 industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids consumption in 2020 were Sweden, the United States and Germany, together comprising 25% of global consumption. These countries were followed by China, Mexico, Italy, Russia, India, Belgium, Poland, Turkey, the Netherlands and Finland, which together accounted for a further 35%.

What are the largest producers of industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids production in 2020 were the United States, Finland and Sweden, with a combined 78% share of global production. France, the Netherlands, Austria and New Zealand lagged somewhat behind, together accounting for a further 15%.

What are the leading suppliers of industrial tall oil fatty acids to Vietnam?

In value terms, the largest tall oil fatty acids suppliers to Vietnam were Japan, the United States and China, together comprising 99% of total imports.

What are the leading importers of industrial tall oil fatty acids from Vietnam?

In value terms, Singapore remains the key foreign market for tall oil fatty acids exports from Vietnam.

What is the average export price for industrial tall oil fatty acids in Vietnam?

In 2020, the average tall oil fatty acids export price amounted to $1,208 per ton, approximately equating the previous year.

What is the average import price for industrial tall oil fatty acids in Vietnam?

In 2020, the average tall oil fatty acids import price amounted to $1,290 per ton, dropping by -19.6% against the previous year.

This report provides an in-depth analysis of the market for tall oil fatty acids 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 20143150 - Industrial tall oil fatty acids

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