Report Update Nov 1, 2024

Vietnam - Perfumes and Toilet Waters - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Perfume Market 2024

Perfume Market Size in Vietnam

The Vietnamese perfume market declined to $X in 2022, reducing by -3.4% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Perfume Production in Vietnam

In value terms, perfume production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 32% against the previous year. Perfume production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Perfume Exports

Exports from Vietnam

In 2022, shipments abroad of perfumes and toilet waters increased by 538% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,070%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, perfume exports fell to $X in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,035%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for perfume exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar stood at +154.1%.

In value terms, Myanmar ($X) emerged as the key foreign market for perfumes and toilet waters exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +130.7%.

Export Prices by Country

In 2022, the average perfume export price amounted to $X per ton, reducing by -84.3% against the previous year. In general, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +19.4% per year.

Perfume Imports

Imports into Vietnam

In 2022, after two years of decline, there was growth in purchases abroad of perfumes and toilet waters, when their volume increased by 3.5% to X tons. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 237%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, perfume imports fell slightly to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 280% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons), France (X tons) and Hong Kong SAR (X tons) were the main suppliers of perfume imports to Vietnam, together accounting for 47% of total imports. China, South Korea, Spain and the United States lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +76.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of perfumes and toilet waters to Vietnam, comprising 46% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.4% per year) and Hong Kong SAR (+25.3% per year).

Import Prices by Country

In 2022, the average perfume import price amounted to $X per ton, with a decrease of -5.8% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, perfume import price increased by +121.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 71% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

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 Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for perfumes and toilet waters in the world?

The country with the largest volume of perfume consumption was India, comprising approx. 50% of total volume. Moreover, perfume consumption in India exceeded the figures recorded by the second-largest consumer, China, fourfold. The United States ranked third in terms of total consumption with an 8.7% share.

What are the largest producers of perfumes and toilet waters in the world?

India remains the largest perfume producing country worldwide, accounting for 52% of total volume. Moreover, perfume production in India exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the leading suppliers of perfumes and toilet waters to Vietnam?

In value terms, the largest perfume suppliers to Vietnam were the United Arab Emirates, France and Hong Kong SAR, together accounting for 61% of total imports.

What are the leading importers of perfumes and toilet waters from Vietnam?

In value terms, Cambodia remains the key foreign market for perfume exports from Vietnam, comprising 50% of total exports. The second position in the ranking was occupied by Japan, with an 11% share of total exports. It was followed by Sri Lanka, with a 9.1% share.

What is the average export price for perfumes and toilet waters in Vietnam?

The average perfume export price stood at $46 per unit in 2021, remaining stable against the previous year.

What is the average import price for perfumes and toilet waters in Vietnam?

In 2021, the average perfume import price amounted to $41 per unit, approximately mirroring the previous year.

This report provides an in-depth analysis of the perfume 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 20421150 - Perfumes
Prodcom 20421170 - Toilet waters

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