Vietnam Plastic resin and Synthetic rubber Standard Report Q3/2016
Plastic resin and synthetic rubber are important input materials for many industries as it provides intermediate goods and added values for other industries, especially plastics and automobile industry. The inputs for Plastic resin and synthetic rubber (so called polymer, plastic) are products from oil industry, specifically naphtha from oil refineries or propane, ethane from processing factories, processing gas from crude oil and gas cracking.
In 2014, the total Plastic resin production was about 311 million tons with the average growth rate of 4.5% from 2010-2014. China is the biggest plastics materials producer in the world (26%), followed by Europe (20%) while Vietnam only takes up to 0.3% of production
In Vietnam, the refining and petrochemistry just started to develop and Dung Quat Refinery is the only operating one in the whole country. In addition, there are 2 joint- venture PVC factories (Vinachem- TPC Vina (Thailand) and Petrovietnam-Petronas), 1 DOP factory (Petrovietnam, Vinachem and LG), which is the support product for using PVC commonly used in building & construction. Total domestic production only met about 20% of domestic demand; hence the rest needs to be imported. Vietnam is one of the world’s largest plastic bag producers thanks to competitive advantage in low labor costs. In Vietnamese plastic industry’s structure, plastic packaging contributes the biggest proportion (36%), also it currently is sub-sector having the most noticeable export turnover (about 60%). The export turnover of plastic bags continuously rises with average pace of around 20%/year during recent years. By now, the majority of import tax of raw materials is 0%. Vietnam is one of few countries in Southeast Asia don’t levy import tax on polymers. Other nations also doing the same are Cambodia, Myanmar and Singapore, though these countries don’t hold such a large plastic industry as Vietnam. According to Vietnam Industry Research and Consultant (VIRAC), Korea continues to be the primary import market of Vietnam with the value is worth 125 million USD, decreasing slightly yoy (130 million USD, making the share of imports fall (from 32% to 30%). Coming second is Japan with import value stands at 85 million USD, seizing 20.7% of total import value. Other markets take up the insignificant proportion.
The in-depth research “Vietnam Plastic Resin and Synthetic Rubber industry report Q2/2016” carried out by Vietnam Industry Research and Consultant (VIRAC) illustrates the overall scenario of the Plastic Resin and Synthetic Rubber industry in Vietnam in order to provide an insight for a better understanding regarding the market. The report details the economic situation in general and the industry in particular with updated date and statistic until 2016, the movement of the price as well as the forecast for the upcoming future, covering all domains, including thermoplastics, elastomers, thermoset plastics. Analysis of big players in the industry is also elaborated by providing detailed financial analysis, applied technology, market share, etc herein to help companies position and define the competiveness in the market. For example, some typical producers are Hung Nghiep Formosa Company Limited (Taiwan), Petrolimex International Trading Joint Stock Company, Da Nang Chemicals and Plastic Joint Stock Company, Vietnam Plastic Corporation, An Loc Phat International JSC, Hiep Phat Hung Services Trading Company Limited, Opec Plastics Joint Stock Company (Opec Plastics), Da Nang Chemicals and Plastic Joint Stock Company, Nguyen Phat Trading Production Company Limited, Tin Phu Trading and Services Company Limited.
In 2014, the total Plastic resin production was about 311 million tons with the average growth rate of 4.5% from 2010-2014. China is the biggest plastics materials producer in the world (26%), followed by Europe (20%) while Vietnam only takes up to 0.3% of production
In Vietnam, the refining and petrochemistry just started to develop and Dung Quat Refinery is the only operating one in the whole country. In addition, there are 2 joint- venture PVC factories (Vinachem- TPC Vina (Thailand) and Petrovietnam-Petronas), 1 DOP factory (Petrovietnam, Vinachem and LG), which is the support product for using PVC commonly used in building & construction. Total domestic production only met about 20% of domestic demand; hence the rest needs to be imported. Vietnam is one of the world’s largest plastic bag producers thanks to competitive advantage in low labor costs. In Vietnamese plastic industry’s structure, plastic packaging contributes the biggest proportion (36%), also it currently is sub-sector having the most noticeable export turnover (about 60%). The export turnover of plastic bags continuously rises with average pace of around 20%/year during recent years. By now, the majority of import tax of raw materials is 0%. Vietnam is one of few countries in Southeast Asia don’t levy import tax on polymers. Other nations also doing the same are Cambodia, Myanmar and Singapore, though these countries don’t hold such a large plastic industry as Vietnam. According to Vietnam Industry Research and Consultant (VIRAC), Korea continues to be the primary import market of Vietnam with the value is worth 125 million USD, decreasing slightly yoy (130 million USD, making the share of imports fall (from 32% to 30%). Coming second is Japan with import value stands at 85 million USD, seizing 20.7% of total import value. Other markets take up the insignificant proportion.
The in-depth research “Vietnam Plastic Resin and Synthetic Rubber industry report Q2/2016” carried out by Vietnam Industry Research and Consultant (VIRAC) illustrates the overall scenario of the Plastic Resin and Synthetic Rubber industry in Vietnam in order to provide an insight for a better understanding regarding the market. The report details the economic situation in general and the industry in particular with updated date and statistic until 2016, the movement of the price as well as the forecast for the upcoming future, covering all domains, including thermoplastics, elastomers, thermoset plastics. Analysis of big players in the industry is also elaborated by providing detailed financial analysis, applied technology, market share, etc herein to help companies position and define the competiveness in the market. For example, some typical producers are Hung Nghiep Formosa Company Limited (Taiwan), Petrolimex International Trading Joint Stock Company, Da Nang Chemicals and Plastic Joint Stock Company, Vietnam Plastic Corporation, An Loc Phat International JSC, Hiep Phat Hung Services Trading Company Limited, Opec Plastics Joint Stock Company (Opec Plastics), Da Nang Chemicals and Plastic Joint Stock Company, Nguyen Phat Trading Production Company Limited, Tin Phu Trading and Services Company Limited.
I. Business environment
1. MACROECONOMIC SITUATION
Figure 1. GDP growth
Figure 2. Plastic resin’s import turnover and its contribution to total turnover
Figure 3. VND/USD exchange rate
Figure 4. CNY/USD exchange rate fluctuation in the first 6 months of 2016
Figure 5. Capitals and shares in plastic companies of Siam Cement Capital co.
2. LEGAL FRAMEWORK
II. Global market
1. DEFINITION AND CLASSIFICATION
Figure 6. Used polymer structure
Figure 7. hermoplastic production share
Figure 8. Thermoset plastic production share
Figure 9. Synthetic rubber production structure
2. CHAIN VALUE OF THE INDUSTRY
3. PRODUCTION CHAIN
Figure 10. Products gained from naphtha distillation
Figure 11. Products gained from Ethylene distillation
4. PLASTICS RESIN
Figure 12. Global polymer production
Figure 13. Polymer production structure by country 2015
Figure 14. Polymer usage structure by area 2015
Figure 15. Average plastic consumption per capita 2015
Figure 16. Global polymer demand
Figure 17. Polymer demand by region 2015
Figure 18. Polymer consumption structure by product
Figure 19. Global PP consumption by country 2015
Figure 20. PE consumption structure by country 2015
Figure 21. Fluctuation of polymer price
Table 1. Global Polyolefin trade (PP, PE) 2014
Figure 22. Global polymer trade
Figure 23. PVC production and consumption in China
Figure 24. Europe’s polymer production
Figure 25. Polymer production in America
Figure 26. Polyolefin production and consumption in Malaysia
Figure 27. Polypropylene production and consumption in Thailand
5. SYNTHETIC RUBBER
Figure 28. Global rubber production and consumption
Figure 29. Rubber production structure in the world
Figure 30. Global rubber consumption structure
Figure 31. Global synthetic rubber production and consumption
Figure 32. The structure of synthetic rubber consumption by product
Figure 33. Synthetic rubber production and market shares
Figure 34. Synthetic rubber consumption and market shares by region
Figure 35. Global price volatility off natural rubber and synthetic rubber
Figure 36. Global synthetic rubber trade
Figure 37. Top 5 countries with the largest value of synthetic rubber import – export 2015
III. Vietnam’s market
1. PLASTICS RESIN
Table 2. Plastics capacity and water additives
Figure 38. Polymer output in Vietnam
Figure 39. Polypropylene supply and demand in Vietnam
Figure 40. Polymer consumed in Vietnam
Figure 41. Polymer consumption structure by sector in Vietnam
Figure 42. Polymer’s import in Vietnam
Figure 43. Polymer import structure by volume
Figure 44. Polymer import structure by value 2014
Figure 45. Import market structure of polymer by value, H1/2016
Figure 46. Average import price of some primary polymer’s types in Vietnam
Figure 47. Import market structure of polymer by value, H1/2016
Figure 48. Polymer export turnover
Figure 49. Export market structure of Polymer 2015
2. SYNTHETIC RUBBER
Figure 50. Synthetic rubber imports and exports
Figure 51. Export market structure of synthetic rubber 2015
Figure 52. Import market structure of synthetic rubber 2015
IV. Prospect and forecast
1. INDUSTRY’S DEVELOPMENT TREND
Figure 53. Bioplastic producing ability over the world
2. INDUSTRY DEVELOPMENT PLANNING
3. SWOT ANALYSIS
VII. Business analysis
1. BUSINESS INTRODUCTION
2. FINANCIAL ANALYSIS
Figure 54. Net Revenue
Figure 55. Gross profit and gross profit margin
Figure 56. Selling expenses
Figure 57. General & administrative expenses
Figure 58. Asset structure
Figure 59. Capital Structure
Figure 60. Liquidity ratio
1. MACROECONOMIC SITUATION
Figure 1. GDP growth
Figure 2. Plastic resin’s import turnover and its contribution to total turnover
Figure 3. VND/USD exchange rate
Figure 4. CNY/USD exchange rate fluctuation in the first 6 months of 2016
Figure 5. Capitals and shares in plastic companies of Siam Cement Capital co.
2. LEGAL FRAMEWORK
II. Global market
1. DEFINITION AND CLASSIFICATION
Figure 6. Used polymer structure
Figure 7. hermoplastic production share
Figure 8. Thermoset plastic production share
Figure 9. Synthetic rubber production structure
2. CHAIN VALUE OF THE INDUSTRY
3. PRODUCTION CHAIN
Figure 10. Products gained from naphtha distillation
Figure 11. Products gained from Ethylene distillation
4. PLASTICS RESIN
Figure 12. Global polymer production
Figure 13. Polymer production structure by country 2015
Figure 14. Polymer usage structure by area 2015
Figure 15. Average plastic consumption per capita 2015
Figure 16. Global polymer demand
Figure 17. Polymer demand by region 2015
Figure 18. Polymer consumption structure by product
Figure 19. Global PP consumption by country 2015
Figure 20. PE consumption structure by country 2015
Figure 21. Fluctuation of polymer price
Table 1. Global Polyolefin trade (PP, PE) 2014
Figure 22. Global polymer trade
Figure 23. PVC production and consumption in China
Figure 24. Europe’s polymer production
Figure 25. Polymer production in America
Figure 26. Polyolefin production and consumption in Malaysia
Figure 27. Polypropylene production and consumption in Thailand
5. SYNTHETIC RUBBER
Figure 28. Global rubber production and consumption
Figure 29. Rubber production structure in the world
Figure 30. Global rubber consumption structure
Figure 31. Global synthetic rubber production and consumption
Figure 32. The structure of synthetic rubber consumption by product
Figure 33. Synthetic rubber production and market shares
Figure 34. Synthetic rubber consumption and market shares by region
Figure 35. Global price volatility off natural rubber and synthetic rubber
Figure 36. Global synthetic rubber trade
Figure 37. Top 5 countries with the largest value of synthetic rubber import – export 2015
III. Vietnam’s market
1. PLASTICS RESIN
Table 2. Plastics capacity and water additives
Figure 38. Polymer output in Vietnam
Figure 39. Polypropylene supply and demand in Vietnam
Figure 40. Polymer consumed in Vietnam
Figure 41. Polymer consumption structure by sector in Vietnam
Figure 42. Polymer’s import in Vietnam
Figure 43. Polymer import structure by volume
Figure 44. Polymer import structure by value 2014
Figure 45. Import market structure of polymer by value, H1/2016
Figure 46. Average import price of some primary polymer’s types in Vietnam
Figure 47. Import market structure of polymer by value, H1/2016
Figure 48. Polymer export turnover
Figure 49. Export market structure of Polymer 2015
2. SYNTHETIC RUBBER
Figure 50. Synthetic rubber imports and exports
Figure 51. Export market structure of synthetic rubber 2015
Figure 52. Import market structure of synthetic rubber 2015
IV. Prospect and forecast
1. INDUSTRY’S DEVELOPMENT TREND
Figure 53. Bioplastic producing ability over the world
2. INDUSTRY DEVELOPMENT PLANNING
3. SWOT ANALYSIS
VII. Business analysis
1. BUSINESS INTRODUCTION
2. FINANCIAL ANALYSIS
Figure 54. Net Revenue
Figure 55. Gross profit and gross profit margin
Figure 56. Selling expenses
Figure 57. General & administrative expenses
Figure 58. Asset structure
Figure 59. Capital Structure
Figure 60. Liquidity ratio
