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Vietnam - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Synthetic Rubber (Excluding Latex) in Vietnam - 2022
Contents:
- Price for Synthetic Rubber (Excluding Latex) in Vietnam (FOB) - 2022
- Price for Synthetic Rubber (Excluding Latex) in Vietnam (CIF) - 2022
- Exports of Synthetic Rubber (Excluding Latex) in Vietnam
- Imports of Synthetic Rubber (Excluding Latex) in Vietnam
Price for Synthetic Rubber (Excluding Latex) in Vietnam (FOB) - 2022
The average synthetic rubber (excluding latex) export price stood at $1,390 per ton in December 2022, remaining relatively unchanged against the previous month. Over the period under review, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 1% against the previous month. Over the period under review, the average export prices attained the maximum at $1,783 per ton in March 2022; however, from April 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Cambodia ($2,121 per ton), while the average price for exports to China totaled $1,364 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-2.0%).
Price for Synthetic Rubber (Excluding Latex) in Vietnam (CIF) - 2022
The average synthetic rubber (excluding latex) import price stood at $2,061 per ton in December 2022, shrinking by -9.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 10% m-o-m. Over the period under review, average import prices attained the peak figure at $2,664 per ton in August 2022; however, from September 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($4,200 per ton), while the price for Lao People's Democratic Republic ($1,167 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Synthetic Rubber (Excluding Latex) in Vietnam
In 2022, the amount of synthetic rubber (excluding latex) exported from Vietnam stood at 1.2M tons, almost unchanged from the previous year. The total export volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, synthetic rubber (excluding latex) exports contracted to $2B in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, the exports attained the peak of $2B, and then dropped modestly in the following year.
Export of Synthetic Rubber (Excluding Latex) in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Myanmar | 0.1 | 0.1 | 1,802 | 13323.9% | |
United Arab Emirates | N/A | N/A | 225 | 0% | |
China | 1,245 | 1,556 | N/A | 25.0% | |
Others | 17.9 | 12.3 | 20.5 | 7.0% | |
Total | 1,263 | 1,569 | 2,047 | 27.3% |
Top Export Markets for Synthetic Rubber (Excluding Latex) from Vietnam in 2022:
- Myanmar (1172.3K tons)
- United Arab Emirates (42.3K tons)
Imports of Synthetic Rubber (Excluding Latex) in Vietnam
In 2022, overseas purchases of synthetic rubber (excluding latex) decreased by -49.4% to 163K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, imports reached the peak of 324K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, synthetic rubber (excluding latex) imports contracted sharply to $403M in 2022. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $697M, and then dropped sharply in the following year.
Import of Synthetic Rubber (Excluding Latex) in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Myanmar | 0.2 | N/A | 458 | 4685.4% | |
United Arab Emirates | N/A | N/A | 206 | 0% | |
Thailand | 23.5 | 17.6 | N/A | -25.1% | |
South Korea | 153 | 126 | N/A | -17.6% | |
Japan | 118 | 110 | N/A | -6.8% | |
China | 61.6 | 69.9 | N/A | 13.5% | |
Malaysia | 19.7 | 15.5 | N/A | -21.3% | |
United States | 36.7 | 37.0 | N/A | 0.8% | |
Russia | 25.1 | 31.9 | N/A | 27.1% | |
Singapore | 39.2 | 24.7 | N/A | -37.0% | |
Taiwan (Chinese) | 72.4 | 64.2 | N/A | -11.3% | |
Others | 30.9 | 41.6 | 33.4 | 4.0% | |
Total | 580 | 538 | 697 | 9.6% |
Top Suppliers of Synthetic Rubber (Excluding Latex) to Vietnam in 2022:
- Myanmar (253.0K tons)
- United Arab Emirates (63.4K tons)
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) 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 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
-
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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Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
Learn about the growing demand for synthetic rubber worldwide and the anticipated market trends from 2023 to 2030, including projected increases in both volume and value.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
Learn about the growing demand for synthetic rubber worldwide and the anticipated market trends from 2023 to 2030, including projected increases in both volume and value.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
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