Vietnam Hailide will gradually pass overseas certification and export more PIY to other nations

As for the market outlook in 2022, in the future, Vietnam Hailide will gradually pass overseas certification and export more PIY to other nations, while exports to China will reduce. Therefore, imports of PIY are expected to see negative growth in 2022 compared with 2021, which has been incarnated in the import data of PIY in the fourth quarter of 2021. Imports of PIY are expected to see a negative growth in 2022 compared with 2021. As for export, domestic enterprises will continue developing export markets actively with supply glut in China. Overseas demand may improve further with eased pandemic. Meanwhile, supply of PIY is expected to recover outside China. Coupled with high sea freight, exports of PIY are anticipated to keep rising on the year in 2022 but the growth rate is anticipated to apparently head south