Reclaimed Rubber Market in Vietnam
Market Overview
After three years of growth, the Vietnamese reclaimed rubber market decreased by -
% to $ in . In general, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
In value terms, reclaimed rubber production expanded to $ in estimated in export price. Overall, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Reclaimed rubber production peaked at $ in 2014; however, from 2015 to , production remained at a lower figure.
% to $ in . In general, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.In value terms, reclaimed rubber production expanded to $
in estimated in export price. Overall, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Reclaimed rubber production peaked at $ in 2014; however, from 2015 to , production remained at a lower figure.Consumption
In , approx. tons of reclaimed rubber were consumed in Vietnam; shrinking by -% compared with . Over the period under review, consumption, however, showed a prominent increase. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
The size of the reclaimed rubber market in Vietnam shrank modestly to $ in , stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a remarkable increase. Reclaimed rubber consumption peaked at $ in 2014; however, from 2015 to , consumption failed to regain momentum.
, approx. tons of reclaimed rubber were consumed in Vietnam; shrinking by -% compared with . Over the period under review, consumption, however, showed a prominent increase. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.The size of the reclaimed rubber market in Vietnam shrank modestly to $
in , stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a remarkable increase. Reclaimed rubber consumption peaked at $ in 2014; however, from 2015 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for reclaimed rubber in Vietnam, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Vietnam domestic supply is expected to continue its growth.
% in 2007 to % in . Vietnam domestic supply is expected to continue its growth.Trade Balance
Vietnam remains a net importer of reclaimed rubber; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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