In 2023, the import of styrene to Vietnam stood at 102.71 million kilograms. The forecast data for the years 2024 through 2028 shows a progressive increase in import values, starting at 105.83 million kilograms in 2024 and reaching 121.89 million kilograms by 2028.
The year-on-year variation indicates a steady upward trend in styrene imports:
- 2024: +3.04%
- 2025: +3.91%
- 2026: +3.68%
- 2027: +3.49%
- 2028: +3.30%
Over the span of the five years, the compound annual growth rate (CAGR) for the import of styrene to Vietnam is approximately 3.48%.
Future trends to watch for include potential changes in global styrene production capacities, fluctuations in demand driven by downstream industries such as plastics and rubber manufacturing, and the effect of trade policies between Vietnam and major styrene-exporting countries.
