Vietnam: Plastic Support Market 2025

Plastic Support Market Size in Vietnam

The Vietnamese plastic support market expanded to $X in 2022, picking up by 1.7% against the previous year. Overall, consumption, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 4.2%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Plastic Support Production in Vietnam

In value terms, plastic support production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 6.7%. Plastic support production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plastic Support Exports

Exports from Vietnam

Plastic support exports from Vietnam stood at X tons in 2022, picking up by 13% compared with the previous year's figure. In general, exports showed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 119% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plastic support exports totaled $X in 2022. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 117% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for plastic support exports from Vietnam, accounting for a 96% share of total exports. It was followed by Cambodia (X tons), with a 0.6% share of total exports. The third position in this ranking was held by Japan (X tons), with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar totaled +64.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-11.9% per year) and Japan (-27.8% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for spools, cops and similar supports of plastics exports from Vietnam, comprising 96% of total exports. The second position in the ranking was held by Cambodia ($X), with a 0.6% share of total exports. It was followed by Japan, with a 0.3% share.

From 2012 to 2022, the average annual growth rate of value to Myanmar amounted to +61.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-11.9% per year) and Japan (-28.0% per year).

Export Prices by Country

The average plastic support export price stood at $X per ton in 2022, falling by -10.7% against the previous year. Over the period under review, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the average price for exports to Myanmar ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.2%), while the prices for the other major destinations experienced a decline.

Plastic Support Imports

Imports into Vietnam

In 2022, supplies from abroad of spools, cops and similar supports of plastics was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 126%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plastic support imports expanded sharply to $X in 2022. Over the period under review, imports showed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 118%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic support to Vietnam, accounting for a 61% share of total imports. Moreover, plastic support imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), sevenfold. The third position in this ranking was taken by South Korea (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+28.5% per year) and South Korea (+22.9% per year).

In value terms, China ($X) constituted the largest supplier of spools, cops and similar supports of plastics to Vietnam, comprising 62% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.5% share of total imports. It was followed by South Korea, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+26.3% per year) and South Korea (+20.3% per year).

Import Prices by Country

In 2022, the average plastic support import price amounted to $X per ton, leveling off at 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 2017 when the average import price increased by 3.5% 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :