Vietnam: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Vietnam

The Vietnamese market for prepared glues and other prepared adhesives skyrocketed to $X in 2021, jumping by 16% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.5% against 2014 indices. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Production of Prepared Glues And Other Prepared Adhesives in Vietnam

In value terms, production of prepared glues and other prepared adhesives amounted to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 25% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Vietnam

Exports of prepared glues and other prepared adhesives from Vietnam skyrocketed to X tons in 2021, growing by 25% on 2020. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 47% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2021. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 88% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Indonesia (X tons), India (X tons) and South Korea (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Vietnam, with a combined 50% share of total exports. China, Cambodia, Malaysia, Myanmar and Japan lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +125.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and India ($X) appeared to be the largest markets for prepared glues and other prepared adhesives exported from Vietnam worldwide, with a combined 42% share of total exports. These countries were followed by Japan, South Korea, Cambodia, Malaysia and Myanmar, which together accounted for a further 30%.

Myanmar, with a CAGR of +95.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, approximately equating the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for prepared glues and other prepared adhesives increased by +61.6% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 28%. The export price peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Myanmar ($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 Cambodia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Vietnam

For the fifth consecutive year, Vietnam recorded growth in supplies from abroad of prepared glues and other prepared adhesives, which increased by 4.3% to X tons in 2021. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main prepared glues and other prepared adhesives supplier to Vietnam, with a approx. 97% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +264.9%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of prepared glues and other prepared adhesives to Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +260.2%.

Import Prices by Country

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, rising by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +3.2% per year.

Source: IndexBox Platform

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