Vietnam: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Vietnam

The Vietnamese graphite non-electrical articles market rose markedly to $X in 2021, with an increase of 11% against the previous year. In general, consumption posted a resilient increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Graphite Non-Electrical Articles Production in Vietnam

In value terms, graphite non-electrical articles production soared to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 172%. Graphite non-electrical articles production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Graphite Non-Electrical Articles Exports

Exports from Vietnam

In 2021, after two years of decline, there was significant growth in shipments abroad of non-electrical articles of graphite or other carbon, when their volume increased by 111% to X tons. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 308% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, graphite non-electrical articles exports soared to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 320%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Singapore (X tons), South Korea (X tons) and China (X tons) were the main destinations of graphite non-electrical articles exports from Vietnam, together accounting for 90% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +187.4%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), South Korea ($X) and China ($X) constituted the largest markets for graphite non-electrical articles exported from Vietnam worldwide, with a combined 91% share of total exports.

Singapore, with a CAGR of +211.8%, saw the highest rates of growth with regard to the value of exports, among 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 graphite non-electrical articles export price stood at $X per ton in 2021, dropping by -14.6% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 43%. 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 foreign markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6,110.2%), while the prices for the other major destinations experienced more modest paces of growth.

Graphite Non-Electrical Articles Imports

Imports into Vietnam

After seven years of growth, purchases abroad of non-electrical articles of graphite or other carbon decreased by -4.7% to X tons in 2021. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of 107% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, graphite non-electrical articles imports reduced to $X in 2021. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2019 when imports increased by 98%. Over the period under review, imports reached the maximum at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of graphite non-electrical articles to Vietnam, accounting for a 51% share of total imports. Moreover, graphite non-electrical articles imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +75.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+16.4% per year) and South Korea (+24.5% per year).

In value terms, China ($X) constituted the largest supplier of graphite non-electrical articles to Vietnam, comprising 51% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +79.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+18.9% per year) and South Korea (+27.3% per year).

Import Prices by Country

In 2021, the average graphite non-electrical articles import price amounted to $X per ton, shrinking by -4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 an increase of 35%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and China ($X per ton), while the price for the United States ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :