Vietnam: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Vietnam

The Vietnamese market for rigid tubes, pipes and hoses of polymers of vinyl chloride declined modestly to $X in 2022, which is down by -1.8% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Vietnam

In value terms, vinyl chloride polymer rigid pipes production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Vietnam

In 2022, after two years of decline, there was growth in shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride, when their volume increased by 4% to X tons. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 294% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes exports contracted slightly to $X in 2022. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 219%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Cambodia (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Vietnam, with a combined 64% share of total exports. Thailand, South Korea, the UK, Hong Kong SAR, Japan, Mozambique and the United Arab Emirates lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +42.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Vietnam were the United States ($X), Cambodia ($X) and Thailand ($X), together comprising 62% of total exports. Lao People's Democratic Republic, South Korea, the UK, Japan, Hong Kong SAR, Mozambique and the United Arab Emirates lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, the UK, with a CAGR of +45.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, dropping by -7.6% against the previous year. Overall, the export price recorded a slight contraction. The growth pace was the most rapid in 2021 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Vietnam

In 2022, after three years of growth, there was significant decline in overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride, when their volume decreased by -5.4% to X tons. Overall, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by 42%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, vinyl chloride polymer rigid pipes imports dropped to $X in 2022. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons), Belgium (X tons) and South Korea (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Vietnam, together comprising 74% of total imports. Thailand, Taiwan (Chinese), Malaysia and Japan lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Vietnam, comprising 43% of total imports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+10.8% per year) and South Korea (+2.7% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, dropping by -9.8% against the previous year. In general, the import price showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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