Report Update Nov 1, 2024

Vietnam - Oxirane (Ethylene Oxide) - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Ethylene Oxide Market 2024

Ethylene Oxide Exports

Exports from Vietnam

In 2022, shipments abroad of oxirane (ethylene oxide) increased by 3.7% to X kg for the first time since 2012, thus ending a nine-year declining trend. Over the period under review, exports, however, faced a sharp curtailment. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene oxide exports rose markedly to $X in 2022. Overall, exports, however, continue to indicate a precipitous contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X kg) was the main destination for ethylene oxide exports from Vietnam, accounting for a 96% share of total exports. Moreover, ethylene oxide exports to the Philippines exceeded the volume sent to the second major destination, Cambodia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines stood at +6.3%.

In value terms, the Philippines ($X) remains the key foreign market for oxirane (ethylene oxide) exports from Vietnam, comprising 93% of total exports. The second position in the ranking was held by Cambodia ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines totaled -2.1%.

Export Prices by Country

The average ethylene oxide export price stood at $X per ton in 2022, increasing by 8.1% against the previous year. Overall, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to the Philippines totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (-4.9%), while the prices for the other major destinations experienced a decline.

Ethylene Oxide Imports

Imports into Vietnam

In 2022, supplies from abroad of oxirane (ethylene oxide) increased by 5.4% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 239%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ethylene oxide imports shrank notably to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 140% against the previous year. Imports peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

India (X tons), Belgium (X tons) and China (X tons) were the main suppliers of ethylene oxide imports to Vietnam, together accounting for 75% of total imports. These countries were followed by South Korea, the United States, Hong Kong SAR, Malaysia and Thailand, which together accounted for a further 25%.

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 +95.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene oxide suppliers to Vietnam were Belgium ($X), India ($X) and South Korea ($X), together accounting for 72% of total imports.

South Korea, with a CAGR of +92.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ethylene oxide import price amounted to $X per ton, dropping by -20.8% against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oxirane (ethylene oxide) in the world?

The country with the largest volume of ethylene oxide consumption was Germany, accounting for 50% of total volume. Moreover, ethylene oxide consumption in Germany exceeded the figures recorded by the second-largest consumer, Italy, fourfold. Belgium ranked third in terms of total consumption with a 12% share.

What are the largest producers of oxirane (ethylene oxide) in the world?

Germany constituted the country with the largest volume of ethylene oxide production, comprising approx. 67% of total volume. Moreover, ethylene oxide production in Germany exceeded the figures recorded by the second-largest producer, the Netherlands, threefold. Russia ranked third in terms of total production with a 3.8% share.

What are the leading suppliers of oxirane (ethylene oxide) to Vietnam?

In value terms, the largest ethylene oxide suppliers to Vietnam were India, Belgium and China, with a combined 96% share of total imports.

What are the leading importers of oxirane (ethylene oxide) from Vietnam?

In value terms, the Philippines remains the key foreign market for ethylene oxide exports from Vietnam, comprising 65% of total exports. The second position in the ranking was occupied by Cambodia, with a 20% share of total exports.

What is the average export price for oxirane (ethylene oxide) in Vietnam?

In 2020, the average ethylene oxide export price amounted to $1,660 per ton, remaining stable against the previous year.

What is the average import price for oxirane (ethylene oxide) in Vietnam?

In 2020, the average ethylene oxide import price amounted to $1,133 per ton, shrinking by -17.3% against the previous year.

This report provides an in-depth analysis of the ethylene oxide 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 20146373 - Oxirane (ethylene oxide)

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