Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam - 2022
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam (CIF) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,774 per ton, with a decrease of -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 13%. Over the period under review, average import prices reached the maximum at $3,950 per ton in 2021, and then shrank in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +2.4% per year.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam (FOB) - 2022
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,582 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 adhesives; prepared, based on rubber or plastics (including artificial resins) increased by +98.8% against 2017 indices. The growth pace was the most rapid in 2019 an increase of 45%. The export price peaked at $3,615 per ton in 2021, and then reduced slightly in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($5,058 per ton), while the average price for exports to Myanmar amounted to $3,531 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam
In 2022, supplies from abroad of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -8.2% to 67K 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 +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 73K tons, and then shrank in the following year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) contracted to $255M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +33.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, imports attained the peak of $290M, and then reduced in the following year.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 0.1 | 0.1 | 255 | 4949.8% |
| South Korea | 24.6 | 24.9 | 36.8 | N/A | 22.3% |
| China | 75.1 | 86.0 | 114 | N/A | 23.2% |
| Malaysia | 14.9 | 14.2 | 14.6 | N/A | -1.0% |
| United States | 9.4 | 21.4 | 41.7 | N/A | 110.6% |
| Singapore | 11.9 | 23.9 | 26.4 | N/A | 48.9% |
| Taiwan (Chinese) | 23.3 | 19.8 | 23.6 | N/A | 0.6% |
| Others | 32.2 | 28.9 | 33.0 | N/A | 1.2% |
| Total | 191 | 219 | 290 | 255 | 10.1% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Vietnam in 2022:
- United Arab Emirates (67.5K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam
Exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from Vietnam fell to 16K tons in 2022, which is down by -13.8% on the year before. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 19K tons, and then fell in the following year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) fell to $58M in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $68M, and then shrank in the following year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.3 | 0.4 | 0.5 | 55.2 | 468.8% |
| United Arab Emirates | N/A | N/A | N/A | 2.7 | 0% |
| South Korea | 3.0 | 4.2 | 5.4 | N/A | 34.2% |
| Malaysia | 5.8 | 3.6 | 3.1 | N/A | -26.9% |
| Cambodia | 15.7 | 13.8 | 19.2 | N/A | 10.6% |
| India | 5.9 | 4.9 | 9.3 | N/A | 25.5% |
| Indonesia | 7.9 | 7.2 | 10.6 | N/A | 15.8% |
| Bangladesh | 5.4 | 5.1 | 7.4 | N/A | 17.1% |
| Others | 9.6 | 8.7 | 12.3 | N/A | 13.2% |
| Total | 53.6 | 48.0 | 67.9 | 57.9 | 2.6% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Vietnam in 2022:
- Myanmar (15.6K tons)
- United Arab Emirates (0.5K tons)
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
