Vietnam - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAmino Resin Price in Vietnam - 2022
Contents:
- Amino Resin Price in Vietnam (CIF) - 2022
- Amino Resin Price in Vietnam (FOB) - 2022
- Amino Resin Imports in Vietnam
- Amino Resin Exports in Vietnam
Amino Resin Price in Vietnam (CIF) - 2022
In December 2022, the average amino resin import price amounted to $2,815 per ton, therefore, remained relatively stable against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 0.8% m-o-m. Over the period under review, average import prices attained the maximum at $2,854 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Taiwan (Chinese) ($3,421 per ton) and Thailand ($2,808 per ton), while the price for Saudi Arabia ($2,779 per ton) and South Korea ($2,779 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.3%), while the prices for the other major suppliers experienced a decline.
Amino Resin Price in Vietnam (FOB) - 2022
In 2022, the average amino resin export price amounted to $1,033 per ton, remaining stable against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 44%. As a result, the export price reached the peak level of $2,707 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,840 per ton), while the average price for exports to Angola ($711 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 Singapore (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Amino Resin Imports in Vietnam
In 2022, amino resin imports into Vietnam surged to 83K tons, picking up by 25% compared with the year before. In general, imports, however, recorded a mild decrease.
In value terms, amino resin imports stood at $187M in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Amino Resin in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 87.0 | 76.4 | 91.8 | 94.2 | 2.7% |
Japan | 26.0 | 31.1 | 39.8 | 41.6 | 17.0% |
South Korea | 19.3 | 18.9 | 34.8 | 30.2 | 16.1% |
Taiwan (Chinese) | 12.1 | 7.6 | 5.9 | 7.6 | -14.4% |
Singapore | 12.0 | 8.6 | 9.0 | 7.0 | -16.4% |
Thailand | 0.1 | 0.2 | 0.3 | 2.8 | 203.7% |
Others | 5.0 | 5.2 | 3.8 | 3.8 | -8.7% |
Total | 162 | 148 | 185 | 187 | 4.9% |
Top Suppliers of Amino Resin to Vietnam in 2022:
- China (41.5K tons)
- Japan (19.4K tons)
- South Korea (13.4K tons)
- Taiwan (Chinese) (3.4K tons)
- Singapore (2.9K tons)
- Thailand (1.4K tons)
Amino Resin Exports in Vietnam
In 2022, approx. 46 tons of amino resins were exported from Vietnam; increasing by 16% compared with the previous year. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 158%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, amino resin exports skyrocketed to $47K in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 103%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
Export of Amino Resin in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 14.1 | 18.5 | 32.9 | 35.7 | 36.3% |
United States | N/A | N/A | 3.8 | 7.6 | 100.0% |
Malaysia | N/A | 0.2 | 0.3 | 1.3 | 155.0% |
Angola | N/A | N/A | N/A | 1.2 | 0% |
Cambodia | N/A | N/A | 0.3 | 0.7 | 133.3% |
Others | 0.6 | 1.2 | 3.0 | 0.7 | 5.3% |
Total | 14.7 | 19.9 | 40.4 | 47.3 | 47.6% |
Top Export Markets for Amino Resin from Vietnam in 2022:
- Indonesia (34.1 tons)
- United States (6.8 tons)
- Angola (1.7 tons)
- Malaysia (1.4 tons)
- Cambodia (1.0 tons)
This report provides an in-depth analysis of the amino resin 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 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)
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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