Vietnam: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Vietnam

The Vietnamese market for non-cellular plates, sheets, film, foil and strip of plastics fell to $X in 2022, with a decrease of -5% against the previous year. In general, consumption, however, recorded a abrupt contraction. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Vietnam

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics declined to $X in 2022 estimated in export price. Over the period under review, production showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, production of attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Vietnam

In 2022, approx. X tons of non-cellular plates, sheets, film, foil and strip of plastics were exported from Vietnam; waning by -12.3% against the previous year's figure. Overall, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 36%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics fell to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 37%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Japan (X tons), the United States (X tons) and the Philippines (X tons) were the main destinations of exports of non-cellular plates, sheets, film, foil and strip of plastics from Vietnam, with a combined 37% share of total exports. Indonesia, South Korea, Australia, Taiwan (Chinese), Brazil, Myanmar, Cambodia, the UK, Canada and Thailand lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +25.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Indonesia ($X) were the largest markets for non-cellular plates, sheets, film, foil and strip of plastics exported from Vietnam worldwide, with a combined 28% share of total exports. South Korea, the Philippines, Taiwan (Chinese), Australia, Brazil, Myanmar, Cambodia, Canada, Thailand and the UK lagged somewhat behind, together comprising a further 48%.

Australia, with a CAGR of +29.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 7.9% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Japan ($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 South Korea (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Vietnam

In 2022, imports of non-cellular plates, sheets, film, foil and strip of plastics into Vietnam expanded notably to X tons, picking up by 7.6% on 2021 figures. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 63%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics contracted modestly to $X in 2022. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 57% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

China (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of imports of non-cellular plates, sheets, film, foil and strip of plastics to Vietnam, together comprising 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest non-cellular plates, sheets, film, foil and strip of plastics suppliers to Vietnam, with a combined 80% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +25.3%, 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 import price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, with a decrease of -9.7% against the previous year. In general, the import price showed a mild contraction. The growth pace was the most rapid in 2021 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($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 (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform