Vietnam Chemicals Comprehensvie Report Q3/2016
Chemical industry plays an important role in economic development as it provides materials input for a number of essential industries, serving manufacturing and consumption. In Vietnam, under Decision 207/2005/QD-TTg the chemical industry is showcased as one of the key industries and prioritized according to the country’s socioeconomic development strategy. All domestic and external resources will focus on putting into place a comprehensive chemical industry, covering main domains such as fertilizer, common and special-use rubber, base chemicals (including both organic and inorganic chemicals), petro-chemistry, pure chemicals, pharmaceutical chemistry, and consumer chemicals to meet domestic demand and the requirements of regional and world economic integration. As calculated by Vietnam Industry Research and Consultant, Fertilizer and Nitrogen accounts for the highest proportion (30%) in the industry by revenue, followed by the group of Detergent. The group of Synthetic Fibers contributes little to the structure of chemical industry by revenue.
This is a comprehensive research of chemical industry in Vietnam which witnessed high growth rate of 19.25% from 2010-2014, and is expected to grow substantially afterwards. Chemicals ranked 11th among the top imported items in the country with a turnover of 1.94 billion US dollars and has just started to develop and met only 15-20% of demand meanwhile consumption in many areas every year are so high. Gaps in the market are also canvassed in detail, breaking the market into key components. As discussed in the research, one of the biggest weaknesses of Vietnam chemical industry is the ability to supply input materials, thus, the majority of input materials has to be imported with China as the biggest import market, accounting for 29.8% of the 988 million USD total import turnover. Another looming problem in Vietnam is the inferior technology machinery systems which are largely at average low level in comparison with other countries in the region, resulted in the low in productivity and added value. The report also enables direct comparison to be made between existing companies in the industry and provides a clear understanding of their positions. In detail, in 2014, Petro Vietnam Fertilizer and Chemicals Corporation (DPM) has achieved in overall highest ranks in terms of gross profit margin (25%), followed by Petro Vietnam Ca Mau Fertilizer JSC (DCM); however, as in a perception of a shareholder, the research may appeals you with 38% Return of Equity (ROE) of Binh Dien Fertilizer JSC (BFC).
This report provides a comprehensive review about the global and Vietnam chemical industry based on specific and trustworthy data, particularly regarding:
This is a comprehensive research of chemical industry in Vietnam which witnessed high growth rate of 19.25% from 2010-2014, and is expected to grow substantially afterwards. Chemicals ranked 11th among the top imported items in the country with a turnover of 1.94 billion US dollars and has just started to develop and met only 15-20% of demand meanwhile consumption in many areas every year are so high. Gaps in the market are also canvassed in detail, breaking the market into key components. As discussed in the research, one of the biggest weaknesses of Vietnam chemical industry is the ability to supply input materials, thus, the majority of input materials has to be imported with China as the biggest import market, accounting for 29.8% of the 988 million USD total import turnover. Another looming problem in Vietnam is the inferior technology machinery systems which are largely at average low level in comparison with other countries in the region, resulted in the low in productivity and added value. The report also enables direct comparison to be made between existing companies in the industry and provides a clear understanding of their positions. In detail, in 2014, Petro Vietnam Fertilizer and Chemicals Corporation (DPM) has achieved in overall highest ranks in terms of gross profit margin (25%), followed by Petro Vietnam Ca Mau Fertilizer JSC (DCM); however, as in a perception of a shareholder, the research may appeals you with 38% Return of Equity (ROE) of Binh Dien Fertilizer JSC (BFC).
This report provides a comprehensive review about the global and Vietnam chemical industry based on specific and trustworthy data, particularly regarding:
- Overall scenario of the global, regional, domestic economies, with America, China, and Germany described
- 8 Product Segments: Fertilizer and Nitrogen, Detergent, Pants and Printing Ink, Synthetic Rubber and Polymer, Plant Protection Chemical, Basic Chemical, Synthetic Fibers and Other. Detailed analysis is conducted about production, consumption, import, export, raw material, technology of each segment
- Profiles, structure, and financial analysis of leading producers and major suppliers, such as Petro Vietnam Ca Mau Fertilizer JSC (PVCFC), Petro Vietnam Fertilizer and Chemicals Corporation (PVFCCo), Lam Thao Superphosphate Fertilizer and Chemicals JSC (LAFCHEMCO), Binh Dien Fertilizer JSC, etc.
- Updated data about prices, cost, indicators, etc. from 2008-2014
- Analysis and forecast of global and domestic markets.
I. Current business environment
1. MACROECONOMIC SITUATION
Figure 1: GDP Growth, 2008 – H1/2016
Figure 2: GDP per capita, 2010-2016e
Figure 3: Monthly CPI fluctuation 2014 - 2016
Figure 4: Export – import turnover, 2008 – H1/2016
Figure 5: Top 10 most imported goods, H1/2016
Figure 6: USD/VND exchange rate
Figure 7: CNY/VND exchange rate
2. LEGAL BARRIER
Table 1: average tariff of Vietnam under major trade agreements
Table 2: average tariff of Vietnam and Korea under AKFTA
II. World Market
1. PRODUCTION
Figure 8: Chemical production by regions (2014)
Figure 9: World chemical production (2010-2014)
Figure 10: Chemical production growth by region (2014-2015)
Figure 11: Market share of chemical product
2. CONSUMPTION
Figure 12: Global sales of global chemical industry, 2007 – 2015e
Figure 13: Chemical industry’s revenue growth by regions, 2015 – 2018
Figure 14: Top 10 largest consumption countries, 2015
Figure 15: Chemical consumption revenue by region, 2015
3. EXPORTS AND IMPORTS
Figure 16: Top 10 world’s largest chemical exporters, 2015
Figure 17: World’s chemical exports
Figure 18: Chemical exports and imports by regions, 2014
4. INPUT MATERIALS
Figure 19: World’s oil supplies
Figure 20: Shale gas production
Figure 21: Global supply and demand of coal
Figure 21: Coal price fluctuation
Figure 22: Crude oil prices development
Figure 23: Natural gas price
4. TYPICAL PRODUCTION COUNTRIES
Figure 23: Chemical production and consumption of the USA
Table 3: Germany chemical expenses
5. STATUS OF REGIONAL CHEMICAL INDUSTRY
6. BIG PLAYERS IN THE INDUSTRY
Figure 23: Top 10 companies with largest revenue, 2015
III. Vietnam chemical market
1. HISTORY OF ESTABLISHMENT AND DEVELOPMENT
2. DEFINITIONS AND CLASSIFICATIONS
Table 4: Production group, Input materials, main products, and customers
Figure 24: Structure of chemical industry by revenue
3. INPUT MATERIALS
Figure 25: Vietnam’s Coal production and export volume, 2008 - 2015
Figure 26: Forecast of coal supply and demand, 2015 – 2030
Figure 27: Explored ore reserves, 2014
Figure 28: Forecast of apatite for fertilizers
Table 5: Petrochemical projects in process of implementation in Vietnam
4. PRODUCTION AND CONSUMPTION
Figure 29: Chemicals production value
Figure 30: Chemicals consumption value
Figure 31: Number of businesses and employees in the industry, 2009 - 2014
Figure 32: Revenue and before tax profit of the industry
Figure 33: Total capital and fixed asset of the industry, 2010 – 2014
5. EXPORTS AND IMPORTS
Figure 34: Structure of chemical export market, H1 - 2016
Figure 35: Chemicals and chemical products exports and imports,
2011 – H1/2016
Figure 36: Structure of chemical import market, H1/2016
IV. Major product subgroups
1. FERTILIZER AND NITROGEN COMPOUNDS
Figure 37: Structure of fertilizers by production output, 2014
Figure 38: Nitrogen production process
Figure 39: NPK production process
Figure 40: FMP production process
Table 6: Production technology
Figure 41: Vietnam’s fertilizers production and consumption
Figure 42: Number of enterprises and employees in the field of
fertilizer and nitrogen compounds
Figure 43: Vietnam’s fertilizers production by types, 2010 – H1/2016
Table 7: Producing operation of Major product subgroups
Table 8: Production capacity of some key player
Figure 44: Proportion of fertilizers usage, 2015
Figure 45: Fertilizers demand by types in Vietnam, 2010 – 2015
Figure 46: Fertilizer demands by crops
Figure 47: Market share by revenue of manufacturing enterprises, 2015
Figure 48: Market share by urea consumption of manufacturing
enterprises, 2015
Figure 49: Fertilizer import, 2010 – H1/2016
Figure 50: Import markets structure, H1/2016
Figure 51: Fertilizer export, 2011 – H1/2016
Figure 52: Export market structure, H1/2016
Figure 53: Fertilizer inventory, 2010-2015E
Figure 54: Fertilizer price fluctuation, 12/2014 – 6/2016
Figure 55: Distribution system
2. SYNTHETIC RUBBER AND POLYMER
Figure 56: Polymer types in use, 2015
Figure 57: Global synthetic rubber production structure, 2015
Figure 58: Input materials for Momomer production, 2015
Figure 59: Global Ethylene prices
Figure 60: Propylene, Butadien and crude oil price
Table 9: Domestic production capacity of plastic beads and additives
Figure 61: Number of business and labor, 2010 - 2014
Figure 62: Production polymer in Viet Nam, 2010 – H1/2016
Figure 63: Supply and Demand polypropylene in Viet Nam, 2010 – H1/2016
Figure 64: Polymer consumption in Vietnam, 2010 – H1/2016
Figure 65: Structure of polymer consumption by segment, 2015
Table 10: LLDPE, LDPE, HDPE, PP distributions in the northern market, 2014 – 2015
Figure 66: Polymer Import by value, 2015
Figure 67: Import volume and value of Polymer, 2010 – H1/2016
Figure 68: Polymer export by volume in 2014
Figure 69: Polymer export by value in 2014
Figure 70: Polymer Exports
Figure 71: Export market structure of plastic beads in 2014
Figure 72: Import market structure of Synthetic rubber in 2014 Figure of 62 Imports and Exports of synthetic rubber
Figure 73: Export market structure of Synthetic rubber in 2014
Figure 74: Plastic bead price development
Figure 75: Price developments of natural and synthetic rubber
3. DETERGENTS
Figure of Number of businesses and labourers
Table Products group and enterprises
Table Subsidiaries of Unilever Vietnam
Figure of Import market structure of detergents in
Figure of Detergent imports and exports in 2014
Figure of Export market structure of detergents in 2014
4. PAINTS AND PRINTING INK
Figure of Number of businesses and labourers
Table production capacity
Figure of Paint consumption structure by
Figure of Imports and Exports of Paint and Printing Ink
Figure of Paint Import market structure in
Figure of Paint Export market structure in 2014
Figure of Printing ink import market structure in 2014
Figure of Printing ink export structure in 2014
5. PLANT PROTECTION PRODUCTS
Figure of Number of businesses and labourers
Figure of Production of pesticides and herbicides
Figure of Pesticide market in 2014
Figure of Pesticide consumption value
Table Distribution networks of companies in the industry Imports and Exports
Figure of import market structure in 2014
Figure of Pesticide imports and exports
Figure of Export market structure in 2014
6. BASIC CHEMICALS
Figure of Sulphur cost
Figure of Industrial salt price fluctuation
Figure of Average electricity price
Figure of Number of businesses and labourers
Figure of Chemical production
Figure of Basic chemical consumption (VND billion)
Figure of Imports and Exports of basic chemical
Figure of Basic chemical import structure in 2014
Figure of Basic chemical export structure in 2014
6. SYNTHETIC FIBERS
Figure of Prices of PET chip, MEG and PTA
Table Technology by companies
Figure of Market share per actual production
Table capacity and definition by companies
Figure of Consumption and revenue of synthetic fibers
Figure of Market share per exports in 2014
Figure of of Imports and exports of synthetic fibers
Figure of Export market structure of synthetic fibers in
Figure of Import market structure of synthetic fibers in 2014
Table Import and export tax of fibers in countries
V. Industry risks
VI. Prospects and forecast of the industry
1. DEVELOPMENT PLAN FOR CHEMICAL INDUSTRY
Table projects
2. PROSPECTS OF WORLD’S CHEMICAL INDUSTRY
3. PROSPECTS OF VIETNAM’S CHEMICAL INDUSTRY
VII. Business analysis
1. BUSINESS INTRODUCTION
2. BUSINESS ANALYSIS
Figure of Net Revenue
Figure of Gross Profit Margin
Figure of Selling expenses
Figure of General and administrative expense
Figure of Net profit after tax margin
Figure of Asset structure
Figure of Capital structure
Figure of Financial Performance
Figure of Solvency ratio
1. MACROECONOMIC SITUATION
Figure 1: GDP Growth, 2008 – H1/2016
Figure 2: GDP per capita, 2010-2016e
Figure 3: Monthly CPI fluctuation 2014 - 2016
Figure 4: Export – import turnover, 2008 – H1/2016
Figure 5: Top 10 most imported goods, H1/2016
Figure 6: USD/VND exchange rate
Figure 7: CNY/VND exchange rate
2. LEGAL BARRIER
Table 1: average tariff of Vietnam under major trade agreements
Table 2: average tariff of Vietnam and Korea under AKFTA
II. World Market
1. PRODUCTION
Figure 8: Chemical production by regions (2014)
Figure 9: World chemical production (2010-2014)
Figure 10: Chemical production growth by region (2014-2015)
Figure 11: Market share of chemical product
2. CONSUMPTION
Figure 12: Global sales of global chemical industry, 2007 – 2015e
Figure 13: Chemical industry’s revenue growth by regions, 2015 – 2018
Figure 14: Top 10 largest consumption countries, 2015
Figure 15: Chemical consumption revenue by region, 2015
3. EXPORTS AND IMPORTS
Figure 16: Top 10 world’s largest chemical exporters, 2015
Figure 17: World’s chemical exports
Figure 18: Chemical exports and imports by regions, 2014
4. INPUT MATERIALS
Figure 19: World’s oil supplies
Figure 20: Shale gas production
Figure 21: Global supply and demand of coal
Figure 21: Coal price fluctuation
Figure 22: Crude oil prices development
Figure 23: Natural gas price
4. TYPICAL PRODUCTION COUNTRIES
Figure 23: Chemical production and consumption of the USA
Table 3: Germany chemical expenses
5. STATUS OF REGIONAL CHEMICAL INDUSTRY
6. BIG PLAYERS IN THE INDUSTRY
Figure 23: Top 10 companies with largest revenue, 2015
III. Vietnam chemical market
1. HISTORY OF ESTABLISHMENT AND DEVELOPMENT
2. DEFINITIONS AND CLASSIFICATIONS
Table 4: Production group, Input materials, main products, and customers
Figure 24: Structure of chemical industry by revenue
3. INPUT MATERIALS
Figure 25: Vietnam’s Coal production and export volume, 2008 - 2015
Figure 26: Forecast of coal supply and demand, 2015 – 2030
Figure 27: Explored ore reserves, 2014
Figure 28: Forecast of apatite for fertilizers
Table 5: Petrochemical projects in process of implementation in Vietnam
4. PRODUCTION AND CONSUMPTION
Figure 29: Chemicals production value
Figure 30: Chemicals consumption value
Figure 31: Number of businesses and employees in the industry, 2009 - 2014
Figure 32: Revenue and before tax profit of the industry
Figure 33: Total capital and fixed asset of the industry, 2010 – 2014
5. EXPORTS AND IMPORTS
Figure 34: Structure of chemical export market, H1 - 2016
Figure 35: Chemicals and chemical products exports and imports,
2011 – H1/2016
Figure 36: Structure of chemical import market, H1/2016
IV. Major product subgroups
1. FERTILIZER AND NITROGEN COMPOUNDS
Figure 37: Structure of fertilizers by production output, 2014
Figure 38: Nitrogen production process
Figure 39: NPK production process
Figure 40: FMP production process
Table 6: Production technology
Figure 41: Vietnam’s fertilizers production and consumption
Figure 42: Number of enterprises and employees in the field of
fertilizer and nitrogen compounds
Figure 43: Vietnam’s fertilizers production by types, 2010 – H1/2016
Table 7: Producing operation of Major product subgroups
Table 8: Production capacity of some key player
Figure 44: Proportion of fertilizers usage, 2015
Figure 45: Fertilizers demand by types in Vietnam, 2010 – 2015
Figure 46: Fertilizer demands by crops
Figure 47: Market share by revenue of manufacturing enterprises, 2015
Figure 48: Market share by urea consumption of manufacturing
enterprises, 2015
Figure 49: Fertilizer import, 2010 – H1/2016
Figure 50: Import markets structure, H1/2016
Figure 51: Fertilizer export, 2011 – H1/2016
Figure 52: Export market structure, H1/2016
Figure 53: Fertilizer inventory, 2010-2015E
Figure 54: Fertilizer price fluctuation, 12/2014 – 6/2016
Figure 55: Distribution system
2. SYNTHETIC RUBBER AND POLYMER
Figure 56: Polymer types in use, 2015
Figure 57: Global synthetic rubber production structure, 2015
Figure 58: Input materials for Momomer production, 2015
Figure 59: Global Ethylene prices
Figure 60: Propylene, Butadien and crude oil price
Table 9: Domestic production capacity of plastic beads and additives
Figure 61: Number of business and labor, 2010 - 2014
Figure 62: Production polymer in Viet Nam, 2010 – H1/2016
Figure 63: Supply and Demand polypropylene in Viet Nam, 2010 – H1/2016
Figure 64: Polymer consumption in Vietnam, 2010 – H1/2016
Figure 65: Structure of polymer consumption by segment, 2015
Table 10: LLDPE, LDPE, HDPE, PP distributions in the northern market, 2014 – 2015
Figure 66: Polymer Import by value, 2015
Figure 67: Import volume and value of Polymer, 2010 – H1/2016
Figure 68: Polymer export by volume in 2014
Figure 69: Polymer export by value in 2014
Figure 70: Polymer Exports
Figure 71: Export market structure of plastic beads in 2014
Figure 72: Import market structure of Synthetic rubber in 2014 Figure of 62 Imports and Exports of synthetic rubber
Figure 73: Export market structure of Synthetic rubber in 2014
Figure 74: Plastic bead price development
Figure 75: Price developments of natural and synthetic rubber
3. DETERGENTS
Figure of Number of businesses and labourers
Table Products group and enterprises
Table Subsidiaries of Unilever Vietnam
Figure of Import market structure of detergents in
Figure of Detergent imports and exports in 2014
Figure of Export market structure of detergents in 2014
4. PAINTS AND PRINTING INK
Figure of Number of businesses and labourers
Table production capacity
Figure of Paint consumption structure by
Figure of Imports and Exports of Paint and Printing Ink
Figure of Paint Import market structure in
Figure of Paint Export market structure in 2014
Figure of Printing ink import market structure in 2014
Figure of Printing ink export structure in 2014
5. PLANT PROTECTION PRODUCTS
Figure of Number of businesses and labourers
Figure of Production of pesticides and herbicides
Figure of Pesticide market in 2014
Figure of Pesticide consumption value
Table Distribution networks of companies in the industry Imports and Exports
Figure of import market structure in 2014
Figure of Pesticide imports and exports
Figure of Export market structure in 2014
6. BASIC CHEMICALS
Figure of Sulphur cost
Figure of Industrial salt price fluctuation
Figure of Average electricity price
Figure of Number of businesses and labourers
Figure of Chemical production
Figure of Basic chemical consumption (VND billion)
Figure of Imports and Exports of basic chemical
Figure of Basic chemical import structure in 2014
Figure of Basic chemical export structure in 2014
6. SYNTHETIC FIBERS
Figure of Prices of PET chip, MEG and PTA
Table Technology by companies
Figure of Market share per actual production
Table capacity and definition by companies
Figure of Consumption and revenue of synthetic fibers
Figure of Market share per exports in 2014
Figure of of Imports and exports of synthetic fibers
Figure of Export market structure of synthetic fibers in
Figure of Import market structure of synthetic fibers in 2014
Table Import and export tax of fibers in countries
V. Industry risks
VI. Prospects and forecast of the industry
1. DEVELOPMENT PLAN FOR CHEMICAL INDUSTRY
Table projects
2. PROSPECTS OF WORLD’S CHEMICAL INDUSTRY
3. PROSPECTS OF VIETNAM’S CHEMICAL INDUSTRY
VII. Business analysis
1. BUSINESS INTRODUCTION
2. BUSINESS ANALYSIS
Figure of Net Revenue
Figure of Gross Profit Margin
Figure of Selling expenses
Figure of General and administrative expense
Figure of Net profit after tax margin
Figure of Asset structure
Figure of Capital structure
Figure of Financial Performance
Figure of Solvency ratio
