Vietnam: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Vietnam

After two years of growth, the Vietnamese market for self-adhesive plastic tape in rolls of a width under 20cm decreased by -2.6% to $X in 2022. Over the period under review, consumption showed a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Vietnam

In 2022, exports of self-adhesive plastic tape in rolls of a width under 20cm from Vietnam reduced rapidly to X tons, falling by -28.2% compared with the previous year. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 139% against the previous year. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm dropped rapidly to $X in 2022. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 92%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

The United States (X tons), Japan (X tons) and Cambodia (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from Vietnam, together accounting for 47% of total exports. Mexico, China, South Korea, Thailand, Iraq, the UK, India, Saudi Arabia, Nicaragua and Indonesia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +114.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Vietnam were the United States ($X), Cambodia ($X) and Japan ($X), together comprising 47% of total exports. Thailand, Iraq, Mexico, China, South Korea, India, Indonesia, the UK, Nicaragua and Saudi Arabia lagged somewhat behind, together comprising a further 38%.

The UK, with a CAGR of +98.4%, saw the highest growth rate of 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

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, increasing by 5.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 9.9% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Saudi Arabia ($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 Mexico (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Vietnam

In 2022, imports of self-adhesive plastic tape in rolls of a width under 20cm into Vietnam reduced to X tons, remaining relatively unchanged against the year before. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2013 when imports increased by 45%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm contracted to $X in 2022. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 40%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Vietnam, with a 42% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by Japan (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.9% per year) and Japan (-3.8% per year).

In value terms, China ($X), South Korea ($X) and Japan ($X) were the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to Vietnam, together accounting for 70% of total imports. Hong Kong SAR, Thailand, Taiwan (Chinese), the United States and Germany lagged somewhat behind, together comprising a further 25%.

Hong Kong SAR, with a CAGR of +38.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, falling by -8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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