Report Update Jan 1, 2025

Vietnam - Maleic Anhydride - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Maleic Anhydride Market 2025

Maleic Anhydride Market Size in Vietnam

In 2021, the Vietnamese maleic anhydride market increased by 358% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Maleic Anhydride Exports

Exports from Vietnam

In 2020, maleic anhydride exports from Vietnam shrank dramatically to X tons, declining by -22.4% against the previous year's figure. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,634% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2020, the growth of the exports failed to regain momentum.

In value terms, maleic anhydride exports declined notably to $X in 2020. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of 936% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for maleic anhydride exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to South Korea was relatively modest.

In value terms, South Korea ($X) emerged as the key foreign market for maleic anhydride exports from Vietnam.

From 2012 to 2020, the average annual growth rate of value to South Korea was relatively modest.

Export Prices by Country

The average maleic anhydride export price stood at $X per ton in 2020, increasing by 5.6% against the previous year. In general, the export price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2015 an increase of 169% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Malaysia amounted to -0.2% per year.

Maleic Anhydride Imports

Imports into Vietnam

In 2021, overseas purchases of maleic anhydride increased by 248% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, maleic anhydride imports skyrocketed to $X in 2021. In general, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest maleic anhydride supplier to Vietnam, with a 49% share of total imports. Moreover, maleic anhydride imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Indonesia (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +45.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.1% per year) and Indonesia (+22.8% per year).

In value terms, Taiwan (Chinese) ($X), China ($X) and Indonesia ($X) constituted the largest maleic anhydride suppliers to Vietnam, together accounting for 79% of total imports. Hungary, Malaysia, the United States and South Korea lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Hungary, with a CAGR of +390.9%, 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

In 2021, the average maleic anhydride import price amounted to $X per ton, picking up by 60% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+19.4%), 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 maleic anhydride in the world?

The countries with the highest volumes of maleic anhydride consumption in 2020 were Taiwan Chinese), India and Turkey, together comprising 34% of global consumption. These countries were followed by China, France, Germany, Mexico, the U.S., Spain, Saudi Arabia, Malaysia, Singapore and Brazil, which together accounted for a further 38%.

What are the largest producers of maleic anhydride in the world?

The countries with the highest volumes of maleic anhydride production in 2020 were China, Taiwan Chinese) and the U.S., with a combined 66% share of global production. These countries were followed by South Korea, Malaysia, Hungary and Argentina, which together accounted for a further 30%.

What are the leading suppliers of maleic anhydride to Vietnam?

In value terms, Taiwan Chinese) constituted the largest supplier of maleic anhydride to Vietnam, comprising 67% of total imports. The second position in the ranking was occupied by China, with a 27% share of total imports.

What is the average export price for maleic anhydride in Vietnam?

The average maleic anhydride export price stood at $1,198 per ton in 2020, which is down by -12.1% against the previous year.

What is the average import price for maleic anhydride in Vietnam?

In 2020, the average maleic anhydride import price amounted to $1,076 per ton, declining by -16.4% against the previous year.

This report provides an in-depth analysis of the maleic anhydride 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 20143387 - Maleic anhydride

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024