Report Update Nov 1, 2024

Vietnam - Other Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Vietnam

After four years of decline, the Vietnamese cyclic hydrocarbons market increased by 9.2% to $X in 2021. Overall, consumption, however, continues to indicate a noticeable descent. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Cyclic Hydrocarbons Production in Vietnam

In value terms, cyclic hydrocarbons production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports from Vietnam

In 2021, overseas shipments of other cyclic hydrocarbons decreased by -99.4% to X kg, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 12,564%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports declined significantly to $X in 2021. Overall, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 9,219% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg) was the main destination for cyclic hydrocarbons exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled -74.6%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for other cyclic hydrocarbons exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled -77.9%.

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2013 an increase of 128% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to +127.6% per year.

Cyclic Hydrocarbons Imports

Imports into Vietnam

Cyclic hydrocarbons imports into Vietnam amounted to X tons in 2021, growing by 2.3% on 2020 figures. Overall, imports posted a temperate increase. The pace of growth appeared the most rapid in 2019 when imports increased by 220%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports fell to $X in 2021. Over the period under review, imports posted a tangible expansion. The pace of growth was the most pronounced in 2019 with an increase of 198% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest cyclic hydrocarbons supplier to Vietnam, accounting for a 70% share of total imports. Moreover, cyclic hydrocarbons imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold. Spain (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-8.5% per year) and Spain (-15.9% per year).

In value terms, China ($X) constituted the largest supplier of other cyclic hydrocarbons to Vietnam, comprising 70% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Spain, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-8.9% per year) and Spain (-16.3% per year).

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, waning by -12.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 8.1%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for other cyclic hydrocarbons in the world?

China remains the largest cyclic hydrocarbons consuming country worldwide, accounting for 21% of total volume. Moreover, cyclic hydrocarbons consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of other cyclic hydrocarbons in the world?

The country with the largest volume of cyclic hydrocarbons production was China, accounting for 23% of total volume. Moreover, cyclic hydrocarbons production in China exceeded the figures recorded by the second-largest producer, India, threefold. Spain ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of other cyclic hydrocarbons to Vietnam?

In value terms, the largest cyclic hydrocarbons suppliers to Vietnam were China, Japan and Spain, together comprising 79% of total imports. Taiwan Chinese), Germany and the United States lagged somewhat behind, together comprising a further 20%.

What are the leading importers of other cyclic hydrocarbons from Vietnam?

In value terms, Saudi Arabia remains the key foreign market for cyclic hydrocarbons exports from Vietnam.

What is the average export price for other cyclic hydrocarbons in Vietnam?

The average cyclic hydrocarbons export price stood at $31,380 per ton in 2020, jumping by 67% against the previous year.

What is the average import price for other cyclic hydrocarbons in Vietnam?

In 2020, the average cyclic hydrocarbons import price amounted to $2,426 per ton, growing by 2.1% against the previous year.

This report provides an in-depth analysis of the cyclic hydrocarbons 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 20141290 - Other cyclic hydrocarbons

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