Vietnam: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2025

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Vietnam

After four years of growth, the Vietnamese rubber tube and pipe market decreased by -15.2% to $X in 2021. Over the period under review, consumption, however, showed a prominent expansion. Rubber tube and pipe consumption peaked at $X in 2020, and then contracted sharply in the following year.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Vietnam

In value terms, rubber tube and pipe production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 83% against the previous year. Rubber tube and pipe production peaked at $X in 2020, and then contracted in the following year.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Vietnam

In 2021, approx. X tons of tubes, pipes and hoses of vulcanized rubber were exported from Vietnam; surging by 47% on 2020 figures. In general, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe exports soared to $X in 2021. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 89%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), Brazil (X tons) and South Korea (X tons) were the main destinations of rubber tube and pipe exports from Vietnam, with a combined 48% share of total exports. Thailand, Spain, Indonesia, India, the Netherlands, Japan, China and the UK lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +211.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber tube and pipe exported from Vietnam were Brazil ($X), the United States ($X) and South Korea ($X), with a combined 53% share of total exports. Spain, Thailand, India, Indonesia, Japan, the Netherlands, China and the UK lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Spain, with a CAGR of +221.9%, saw 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

The average rubber tube and pipe export price stood at $X per ton in 2021, which is down by -15.2% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the Netherlands ($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 South Korea (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Vietnam

Rubber tube and pipe imports into Vietnam fell slightly to X tons in 2021, waning by -4.6% against 2020 figures. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.5% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of 27% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, rubber tube and pipe imports expanded modestly to $X in 2021. Overall, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.8% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 22% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of rubber tube and pipe imports to Vietnam, together accounting for 75% of total imports. Thailand, Italy, India, Malaysia and the United States lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest rubber tube and pipe suppliers to Vietnam, with a combined 73% share of total imports. These countries were followed by Thailand, India, the United States, Italy and Malaysia, which together accounted for a further 17%.

In terms of the main suppliers, India, with a CAGR of +33.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2021, growing by 6.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 66% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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