Vietnam: Market for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes 2024

Market Size for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Vietnam

The Vietnamese mixed alkylbenzenes, mixed alkylnaphthalenes market rose sharply to $X in 2021, with an increase of 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Mixed alkylbenzenes, mixed alkylnaphthalenes consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Exports from Vietnam

In 2021, overseas shipments of mixed alkylbenzenes, mixed alkylnaphthalenes decreased by 0% to X tons, falling for the second year in a row after three years of growth. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 269%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes exports stood at $X in 2021. Over the period under review, exports saw perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of 374% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for mixed alkylbenzenes, mixed alkylnaphthalenes exports from Vietnam, with a 99% share of total exports. It was followed by Lao People's Democratic Republic (X kg), with a 0.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Nigeria was relatively modest.

Export Prices by Country

In 2021, the average mixed alkylbenzenes, mixed alkylnaphthalenes export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price showed a deep contraction. The pace of growth was the most pronounced in 2013 an increase of 60%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Nigeria amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+130.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Imports into Vietnam

In 2021, imports of mixed alkylbenzenes, mixed alkylnaphthalenes into Vietnam dropped modestly to X tons, declining by -3.5% compared with 2020 figures. In general, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.9% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 69%. Imports peaked at X tons in 2020, and then reduced modestly in the following year.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of mixed alkylbenzenes, mixed alkylnaphthalenes imports to Vietnam, together comprising 61% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +74.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed alkylbenzenes, mixed alkylnaphthalenes suppliers to Vietnam were China ($X), South Korea ($X) and Thailand ($X), with a combined 62% share of total imports.

Thailand, with a CAGR of +73.0%, recorded 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

The average mixed alkylbenzenes, mixed alkylnaphthalenes import price stood at $X per ton in 2021, rising by 23% against the previous year. Overall, the import price, however, saw a noticeable downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Indonesia ($X per ton), while the price for Malaysia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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