Vietnam: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Vietnam

The Vietnamese ethylene polymer rigid pipes market contracted remarkably to $X in 2021, reducing by -16.4% against the previous year. Over the period under review, consumption recorded a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Vietnam

In value terms, ethylene polymer rigid pipes production reduced sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 51% against the previous year. Ethylene polymer rigid pipes production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Vietnam

In 2021, ethylene polymer rigid pipes exports from Vietnam shrank significantly to X tons, declining by -40.4% on the previous year. Overall, exports saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 209%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports fell remarkably to $X in 2021. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 204% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Lao People's Democratic Republic (X tons), Cambodia (X tons) and Bangladesh (X tons) were the main destinations of ethylene polymer rigid pipes exports from Vietnam, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +4.5%), while shipments for the other leaders experienced a decline.

In value terms, Lao People's Democratic Republic ($X), Cambodia ($X) and Bangladesh ($X) constituted the largest markets for ethylene polymer rigid pipes exported from Vietnam worldwide, together comprising 96% of total exports.

Among the main countries of destination, Cambodia, with a CAGR of +5.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, rising by 6.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 an increase of 22%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to the United Arab Emirates ($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 Lao People's Democratic Republic (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Vietnam

Ethylene polymer rigid pipes imports into Vietnam expanded notably to X tons in 2021, increasing by 8.6% compared with 2020. Overall, imports enjoyed a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of 51%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, ethylene polymer rigid pipes imports soared to $X in 2021. Over the period under review, imports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ethylene polymer rigid pipes to Vietnam, with a 53% share of total imports. Moreover, ethylene polymer rigid pipes imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +45.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+15.3% per year) and South Korea (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Vietnam, comprising 51% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.2% per year) and South Korea (-8.1% per year).

Import Prices by Country

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, picking up by 8.8% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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