Price for Ethylene Polymers; Waste, Parings and Scrap in Vietnam - 2022
Contents:
- Price for Ethylene Polymers; Waste, Parings and Scrap in Vietnam (CIF) - 2022
- Price for Ethylene Polymers; Waste, Parings and Scrap in Vietnam (FOB) - 2022
- Imports of Ethylene Polymers; Waste, Parings and Scrap in Vietnam
- Exports of Ethylene Polymers; Waste, Parings and Scrap in Vietnam
Price for Ethylene Polymers; Waste, Parings and Scrap in Vietnam (CIF) - 2022
In 2022, the average import price for ethylene polymers; waste, parings and scraps amounted to $542 per ton, picking up by 17% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 36% against the previous year. The import price peaked at $589 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($542 per ton) and Japan ($542 per ton), while the price for the UK ($542 per ton) and Canada ($542 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%).
Price for Ethylene Polymers; Waste, Parings and Scrap in Vietnam (FOB) - 2022
In 2022, the average export price for ethylene polymers; waste, parings and scraps amounted to $608 per ton, with an increase of 27% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ethylene polymers; waste, parings and scraps increased by +94.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 53%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($608 per ton) and Taiwan (Chinese) ($608 per ton), while the average price for exports to Thailand ($608 per ton) and South Korea ($608 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 Spain (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ethylene Polymers; Waste, Parings and Scrap in Vietnam
In 2022, supplies from abroad of ethylene polymers; waste, parings and scraps decreased by -20.6% to 112K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year.
In value terms, imports of ethylene polymers; waste, parings and scraps fell to $61M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 64%. As a result, imports reached the peak of $65M, and then fell in the following year.
| Import of Ethylene Polymers; Waste, Parings and Scrap in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.8 | 13.9 | 17.2 | 25.5 | 42.6% |
| South Korea | 1.7 | 1.9 | 11.9 | 11.0 | 86.3% |
| United States | 3.8 | 7.7 | 8.3 | 3.8 | 0.0% |
| Belgium | 2.6 | 3.9 | 9.2 | 3.8 | 13.5% |
| Netherlands | 1.6 | 1.5 | 4.5 | 3.2 | 26.0% |
| United Kingdom | 1.3 | 0.4 | 0.4 | 2.6 | 26.0% |
| Hong Kong SAR | 9.8 | 3.0 | 2.1 | 2.0 | -41.1% |
| Taiwan (Chinese) | 0.2 | 0.3 | 1.3 | 1.8 | 108.0% |
| Australia | 1.2 | 1.4 | 1.2 | 1.2 | 0.0% |
| Germany | 1.5 | 1.2 | 1.1 | 1.2 | -7.2% |
| Canada | 0.5 | 1.0 | 1.6 | 1.1 | 30.1% |
| Spain | 2.5 | 0.8 | 0.8 | 0.8 | -31.6% |
| Others | 3.0 | 3.2 | 5.8 | 2.9 | -1.1% |
| Total | 38.5 | 40.0 | 65.5 | 60.9 | 16.5% |
Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Vietnam in 2022:
- Japan (47.0K tons)
- South Korea (20.3K tons)
- United States (7.0K tons)
- Belgium (7.0K tons)
- Netherlands (5.9K tons)
- United Kingdom (4.8K tons)
- Hong Kong SAR (3.7K tons)
- Taiwan (Chinese) (3.2K tons)
- Germany (2.3K tons)
- Australia (2.2K tons)
- Canada (2.0K tons)
- Spain (1.4K tons)
Exports of Ethylene Polymers; Waste, Parings and Scrap in Vietnam
In 2022, overseas shipments of ethylene polymers; waste, parings and scraps were finally on the rise to reach 7K tons after two years of decline. Overall, total exports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of ethylene polymers; waste, parings and scraps skyrocketed to $4.3M in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ethylene Polymers; Waste, Parings and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | 17.3 | 2,103 | 12056.1% |
| Taiwan (Chinese) | 207 | 153 | 796 | 1,592 | 97.4% |
| China | 1,818 | 1,672 | 723 | 356 | -41.9% |
| Thailand | N/A | N/A | N/A | 151 | 0% |
| South Korea | N/A | 11.7 | N/A | 66.3 | 138.0% |
| Others | 78.4 | 111 | 61.5 | 0.7 | -79.3% |
| Total | 2,104 | 1,948 | 1,597 | 4,268 | 26.6% |
Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Vietnam in 2022:
- Spain (3.5K tons)
- Taiwan (Chinese) (2.6K tons)
- China (0.6K tons)
- Thailand (0.2K tons)
- South Korea (0.1K tons)
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