China's PVC paste resin exports to Vietnam skyrocket in quantity
In recent times, the demand for PVC paste resin in Vietnam has experienced explosive growth. With a shortage of local production capacity and a high dependence on imports, the export volume of Chinese products to Vietnam has significantly increased.
Customs data shows that from January to April 2025, China's export volume of PVC paste resin to Vietnam was only 1100 tons; From January to April 2026, the export volume surged to 10000 tons, achieving a leapfrog growth in export scale. Currently, Vietnam is the core export destination for China's paste PVC resin.
It is reported that the downstream application scenarios of PVC paste resin in Vietnam are concentrated, and downstream demand is driving a wave of raw material procurement. Among them, synthetic leather and synthetic leather are the first consumer areas of polyvinyl chloride paste resin, mainly used in the production of shoe materials, home soft furnishings, and automotive interiors; Secondly, the floor leather and wall wallpaper are in line with the local infrastructure and home decoration market demand; The demand for medical PVC paste resin gloves, plastic toys, coated fabrics, drip molded products and other related fields is increasing synchronously, coupled with the continuous expansion of production capacity in Vietnam's domestic automotive and light industry manufacturing industries, resulting in a continuous widening of the raw material gap.
Relying on the tariff dividends of RCEP and the advantages of cost-effective products, domestic paste resin has become the preferred choice for Vietnam's procurement by replacing overseas sources. Currently, downstream factories in Vietnam maintain a low inventory and on-demand replenishment model, with stable support for raw material demand. Industry insiders indicate that with the steady development of Vietnam's light industry and auto parts industry, the import demand for paste PVC resin in the medium and long term remains strong, and China's export market to Vietnam will maintain a high level of operation.