Vietnam - Propene (Propylene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropene Price in Vietnam - 2022
Contents:
- Propene Price in Vietnam (CIF) - 2022
- Propene Price in Vietnam (FOB) - 2022
- Propene Imports in Vietnam
- Propene Exports in Vietnam
Propene Price in Vietnam (CIF) - 2022
In 2022, the average propene import price amounted to $1,319 per ton, picking up by 10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 52% against the previous year. The import price peaked at $1,413 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($1,319 per ton) and Japan ($1,319 per ton), while the price for Singapore ($1,319 per ton) and South Korea ($1,319 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Propene Price in Vietnam (FOB) - 2022
In 2022, the average propene export price amounted to $1,203 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2017 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $1,645 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($1,392 per ton), while the average price for exports to China ($1,147 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-0.6%), while the prices for the other major destinations experienced a decline.
Propene Imports in Vietnam
In 2022, purchases abroad of propene (propylene) decreased by -65.3% to 52K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 143,206% against the previous year. As a result, imports attained the peak of 206K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, propene imports fell markedly to $69M in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 114,034%.
Import of Propene in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | N/A | 108 | 134 | 23.1 | -53.8% |
South Korea | N/A | N/A | 2.6 | 22.7 | 773.1% |
Philippines | N/A | 11.5 | 16.5 | 10.9 | -2.6% |
Malaysia | N/A | 4.5 | 6.1 | 6.2 | 17.4% |
Japan | N/A | N/A | 0.1 | 5.8 | 5700.0% |
Singapore | N/A | 13.3 | 10.6 | N/A | -20.3% |
Netherlands | N/A | 6.2 | N/A | N/A | 0% |
Saudi Arabia | 0.1 | 18.1 | 6.8 | N/A | 724.6% |
Others | N/A | 0.3 | 2.7 | 0.2 | -18.4% |
Total | 0.1 | 162 | 180 | 69.0 | 783.7% |
Top Suppliers of Propene to Vietnam in 2022:
- Singapore (undefinedK tons)
- Thailand (17.5K tons)
- South Korea (17.2K tons)
- Philippines (8.2K tons)
- Malaysia (4.7K tons)
- Japan (4.4K tons)
Propene Exports in Vietnam
In 2022, after two years of decline, there was growth in overseas shipments of propene (propylene), when their volume increased by 0.5% to 2.1K tons. In general, exports, however, faced a precipitous shrinkage.
In value terms, propene exports reached $2.5M in 2022. Over the period under review, exports, however, showed a dramatic decrease.
Export of Propene in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.2 | 1.8 | 0.2 | 1.0 | -32.1% |
Taiwan (Chinese) | 2.1 | 1.7 | 0.5 | 0.9 | -24.6% |
South Korea | 1.2 | 1.2 | 0.5 | 0.6 | -20.6% |
Malaysia | N/A | N/A | 0.6 | N/A | 0% |
Others | N/A | N/A | 0.7 | N/A | 0% |
Total | 6.6 | 4.8 | 2.5 | 2.5 | -27.6% |
Top Export Markets for Propene from Vietnam in 2022:
- China (870.2 tons)
- Taiwan (Chinese) (804.8 tons)
- South Korea (413.6 tons)
This report provides an in-depth analysis of the propene 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 20141140 - Propene (propylene)
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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