Report Update Nov 1, 2024

Vietnam - P-Xylene - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: P-Xylene Market 2024

P-Xylene Market Size in Vietnam

After three years of growth, the Vietnamese p-xylene market decreased by -7.9% to $X in 2021. In general, consumption saw a perceptible shrinkage. P-xylene consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

P-Xylene Production in Vietnam

In value terms, p-xylene production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of 83% against the previous year. P-xylene production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

P-Xylene Exports

Exports from Vietnam

In 2021, overseas shipments of p-xylene decreased by -5.4% to X tons, falling for the fourth year in a row after four years of growth. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 18%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, p-xylene exports declined to $X in 2021. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 4.3%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for p-xylene exports from Vietnam, accounting for a 81% share of total exports. Moreover, p-xylene exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -13.9%.

In value terms, China ($X) remains the key foreign market for p-xylene exports from Vietnam, comprising 81% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled -19.3%.

Export Prices by Country

In 2021, the average p-xylene export price amounted to $X per ton, declining by -5.8% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2013 a decrease of -5.7%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-6.3%).

P-Xylene Imports

Imports into Vietnam

In 2021, purchases abroad of p-xylene increased by 15% to X tons, rising for the fourth consecutive year after five years of decline. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 674% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, p-xylene imports stood at $X in 2021. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 758%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) was the main p-xylene supplier to Vietnam, accounting for a 98% share of total imports. It was followed by South Korea (X tons), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) constituted the largest supplier of p-xylene to Vietnam, comprising 99% of total imports. The second position in the ranking was taken by South Korea ($X), with a 0.9% share of total imports.

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

Import Prices by Country

The average p-xylene import price stood at $X per ton in 2021, waning by -5% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 11%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Saudi Arabia ($X per ton), while the price for South Korea stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-13.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for p-xylene in the world?

The countries with the highest volumes of in 2021 were China, South Korea and the United States, with a combined 40% share of global consumption.

What are the largest producers of p-xylene in the world?

South Korea constituted the country with the largest volume of p-xylene production, comprising approx. 21% of total volume. Moreover, p-xylene production in South Korea exceeded the figures recorded by the second-largest producer, Japan, threefold. The United States ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of p-xylene to Vietnam?

In value terms, South Korea constituted the largest supplier of p-xylene to Vietnam, comprising 91% of total imports. The second position in the ranking was occupied by Germany, with a 6.8% share of total imports.

What is the average import price for p-xylene in Vietnam?

In 2021, the average p-xylene import price amounted to $584 per ton, increasing by 4% against the previous year.

This report provides an in-depth analysis of the p-xylene 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 20141245 - p-Xylene

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