Vietnam: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Vietnam

The Vietnamese prepared rubber accelerators market skyrocketed to $X in 2021, growing by 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Rubber Accelerators Exports

Exports from Vietnam

In 2021, overseas shipments of prepared rubber accelerators decreased by -44.7% to X tons, falling for the second consecutive year after five years of growth. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 283% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, prepared rubber accelerators exports contracted remarkably to $X in 2021. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2018 with an increase of 350% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), China (X tons) and Thailand (X tons) were the main destinations of prepared rubber accelerators exports from Vietnam, together comprising 82% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +66.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), China ($X) and Thailand ($X) constituted the largest markets for prepared rubber accelerators exported from Vietnam worldwide, with a combined 82% share of total exports.

Among the main countries of destination, China, with a CAGR of +71.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average prepared rubber accelerators export price amounted to $X per ton, declining by -3.4% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared rubber accelerators export price decreased by -11.3% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of 20% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Lao People's Democratic Republic ($X per ton) and Indonesia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into Vietnam

Prepared rubber accelerators imports into Vietnam surged to X tons in 2021, rising by 31% on 2020. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, prepared rubber accelerators imports surged to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 29%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of prepared rubber accelerators to Vietnam, with a 60% share of total imports. Moreover, prepared rubber accelerators imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sevenfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.4% per year) and Taiwan (Chinese) (+8.8% per year).

In value terms, China ($X) constituted the largest supplier of prepared rubber accelerators to Vietnam, comprising 60% of total imports. The second position in the ranking was held by Malaysia ($X), with an 8.9% share of total imports. It was followed by Taiwan (Chinese), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+23.6% per year) and Taiwan (Chinese) (+9.9% per year).

Import Prices by Country

In 2021, the average prepared rubber accelerators import price amounted to $X per ton, reducing by -5.1% against the previous year. Overall, the import price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Malaysia ($X per ton), while the price for South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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