Vietnam: Market for Saturated Acyclic Monocarboxylic Acids 2025

Market Size for Saturated Acyclic Monocarboxylic Acids in Vietnam

The Vietnamese saturated acyclic monocarboxylic acids market rose to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% 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 reached the peak level in 2022 and is likely to continue growth in years to come.

Production of Saturated Acyclic Monocarboxylic Acids in Vietnam

In value terms, saturated acyclic monocarboxylic acids production declined to $X in 2022 estimated in export price. Overall, production saw a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Saturated acyclic monocarboxylic acids production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Vietnam

In 2022, after five years of growth, there was significant decline in overseas shipments of saturated acyclic monocarboxylic acids, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced markedly in the following year.

In value terms, saturated acyclic monocarboxylic acids exports dropped significantly to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank significantly in the following year.

Exports by Country

South Korea (X tons), Cambodia (X tons) and Bangladesh (X tons) were the main destinations of saturated acyclic monocarboxylic acids exports from Vietnam, together accounting for X% of total exports. Lao People's Democratic Republic, Japan, Malaysia, Indonesia, Thailand and Sri Lanka lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for saturated acyclic monocarboxylic acids exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Vietnam

For the third consecutive year, Vietnam recorded growth in purchases abroad of saturated acyclic monocarboxylic acids, which increased by X% to X tons in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, saturated acyclic monocarboxylic acids imports dropped slightly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of saturated acyclic monocarboxylic acids to Vietnam, with a X% share of total imports. Moreover, saturated acyclic monocarboxylic acids imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of saturated acyclic monocarboxylic acids to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average saturated acyclic monocarboxylic acids import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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