Market for Vulcanised Cellular Rubber Articles in Vietnam
Market Overview
The Vietnamese vulcanised cellular rubber articles market surged to $
in , increasing by % against 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). In general, consumption showed a prominent increase. As a result, consumption attained the peak level of $. From to , the growth of the market remained at a somewhat lower figure.
In value terms, vulcanised cellular rubber articles production skyrocketed to $ in estimated in export price. In general, production posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of %. Vulcanised cellular rubber articles production peaked at $ in ; however, from to , production stood at a somewhat lower figure.
in , increasing by % against 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). In general, consumption showed a prominent increase. As a result, consumption attained the peak level of $. From to , the growth of the market remained at a somewhat lower figure.In value terms, vulcanised cellular rubber articles production skyrocketed to $
in estimated in export price. In general, production posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of %. Vulcanised cellular rubber articles production peaked at $ in ; however, from to , production stood at a somewhat lower figure.Consumption
In , vulcanised cellular rubber articles consumption in Vietnam skyrocketed to tons, with an increase of % against the year before. In general, consumption continues to indicate a resilient increase. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption remained at a somewhat lower figure.
The revenue of the vulcanised cellular rubber articles market in Vietnam surged to $ in , rising by % against 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 recorded a buoyant increase. As a result, consumption reached the peak level of $. From to , the growth of the market failed to regain momentum.
, vulcanised cellular rubber articles consumption in Vietnam skyrocketed to tons, with an increase of % against the year before. In general, consumption continues to indicate a resilient increase. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption remained at a somewhat lower figure.The revenue of the vulcanised cellular rubber articles market in Vietnam surged to $
in , rising by % against 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 recorded a buoyant increase. As a result, consumption reached the peak level of $. From to , the growth of the market failed to regain momentum.Market Forecast
Driven by increasing demand for vulcanised cellular rubber articles for technical uses 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 vulcanised cellular rubber articles; 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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