Vietnam - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights
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Synthetic Rubber Market Size in Vietnam
The Vietnamese synthetic rubber market surged to $X in 2023, rising by X% against the previous year. In general, consumption, however, saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.
Synthetic Rubber Production in Vietnam
In value terms, synthetic rubber production rose remarkably to $X in 2023 estimated in export price. Overall, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.
Synthetic Rubber Exports
Exports from Vietnam
In 2023, after four years of growth, there was significant decline in overseas shipments of synthetic rubber, when their volume decreased by X% to X tons. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then shrank in the following year.
In value terms, synthetic rubber exports fell modestly to $X in 2023. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped slightly in the following year.
Exports by Country
China (X tons) was the main destination for synthetic rubber exports from Vietnam, accounting for a X% share of total exports. It was followed by Cambodia (X tons), with a X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to China stood at X%.
In value terms, China ($X) remains the key foreign market for synthetic rubber 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.
From 2012 to 2023, the average annual growth rate of value to China totaled X%.
Export Prices by Country
In 2023, the average synthetic rubber export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to China amounted to $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).
Synthetic Rubber Imports
Imports into Vietnam
In 2023, the amount of synthetic rubber imported into Vietnam plummeted to X tons, waning by X% on the previous year's figure. Over the period under review, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.
In value terms, synthetic rubber imports fell markedly to $X in 2023. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted sharply in the following year.
Imports by Country
South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of synthetic rubber imports to Vietnam, together comprising X% of total imports. Japan, Russia, Singapore, Thailand, the United States, Lao People's Democratic Republic, Malaysia and Indonesia lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest synthetic rubber suppliers to Vietnam were South Korea ($X), China ($X) and Japan ($X), with a combined X% share of total imports. Taiwan (Chinese), Singapore, Russia, the United States, Thailand, Malaysia, Lao People's Democratic Republic and Indonesia lagged somewhat behind, together accounting for a further X%.
Among the main suppliers, Lao People's Democratic Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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
In 2023, the average synthetic rubber import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the synthetic rubber market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20171050 - Synthetic latex rubber
- Prodcom 20171090 - Synthetic rubber (excluding latex)
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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