Vietnam: Market for Organic Surface Active Agents And Washing Preparations 2024

Market Size for Organic Surface Active Agents And Washing Preparations in Vietnam

The Vietnamese market for organic surface active agents and washing preparations expanded slightly to $X in 2023, surging by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Organic Surface Active Agents And Washing Preparations in Vietnam

In value terms, production of organic surface active agents and washing preparations expanded significantly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Exports of Organic Surface Active Agents And Washing Preparations

Exports from Vietnam

In 2023, approx. X tons of organic surface active agents and washing preparations were exported from Vietnam; increasing by X% compared with 2022 figures. In general, exports posted a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, exports of organic surface active agents and washing preparations surged to $X in 2023. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), Malaysia (X tons) and Australia (X tons) were the main destinations of exports of organic surface active agents and washing preparations from Vietnam, together comprising X% of total exports. New Zealand, the United States, China, India, Cambodia, Japan, Thailand, Singapore, Taiwan (Chinese) and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Australia ($X) and Malaysia ($X) constituted the largest markets for organic surface active agent and washing preparation exported from Vietnam worldwide, with a combined X% share of total exports. New Zealand, the United States, Cambodia, India, China, Japan, Thailand, Singapore, Taiwan (Chinese) and South Africa lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for organic surface active agents and washing preparations amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Surface Active Agents And Washing Preparations

Imports into Vietnam

Imports of organic surface active agents and washing preparations into Vietnam skyrocketed to X tons in 2023, picking up by X% on the previous year. In general, total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of organic surface active agents and washing preparations soared to $X in 2023. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of organic surface active agent and washing preparation to Vietnam, with a X% share of total imports. Moreover, imports of organic surface active agents and washing preparations from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. The third position in this ranking was taken by the Philippines (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the Philippines (X% per year).

In value terms, China ($X) constituted the largest supplier of organic surface active agents and washing preparations to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the Philippines (X% per year).

Import Prices by Country

The average import price for organic surface active agents and washing preparations stood at $X per ton in 2023, shrinking by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform