Price for Dyes; Pigments and Preparations Based Thereon in Vietnam - 2022
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Vietnam (CIF) - 2022
- Price for Dyes; Pigments and Preparations Based Thereon in Vietnam (FOB) - 2022
- Imports of Dyes; Pigments and Preparations Based Thereon in Vietnam
- Exports of Dyes; Pigments and Preparations Based Thereon in Vietnam
Price for Dyes; Pigments and Preparations Based Thereon in Vietnam (CIF) - 2022
In 2022, the average import price for dyes; pigments and preparations based therea amounted to $11,825 per ton, with an increase of 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($11,825 per ton) and Malaysia ($11,825 per ton), while the price for South Korea ($11,825 per ton) and China ($11,825 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in Vietnam (FOB) - 2022
The average export price for dyes; pigments and preparations based therea stood at $9,418 per ton in 2022, approximately reflecting the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 62% against the previous year. As a result, the export price reached the peak level of $15,662 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($9,418 per ton) and India ($9,418 per ton), while the average price for exports to South Korea ($9,418 per ton) and Ecuador ($9,418 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in Vietnam
Imports of dyes; pigments and preparations based therea into Vietnam reduced notably to 12K tons in 2022, waning by -18.2% against the year before. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of 15K tons, and then dropped rapidly in the following year.
In value terms, imports of dyes; pigments and preparations based therea fell to $142M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of $155M, and then fell in the following year.
| Import of Dyes; Pigments and Preparations Based Thereon in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 60.2 | 64.4 | 72.5 | 64.6 | 2.4% |
| India | 16.2 | 17.7 | 23.2 | 26.1 | 17.2% |
| Taiwan (Chinese) | 13.4 | 11.6 | 14.4 | 14.2 | 2.0% |
| South Korea | 12.8 | 12.3 | 14.3 | 12.1 | -1.9% |
| Germany | 8.4 | 6.1 | 7.6 | 6.7 | -7.3% |
| Japan | 4.8 | 3.9 | 5.2 | 4.4 | -2.9% |
| Malaysia | 1.1 | 1.3 | 2.4 | 2.8 | 36.5% |
| Indonesia | 3.3 | 3.0 | 2.4 | 1.9 | -16.8% |
| Others | 13.1 | 13.0 | 12.6 | 9.4 | -10.5% |
| Total | 133 | 133 | 155 | 142 | 2.2% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Vietnam in 2022:
- China (5.5K tons)
- India (2.2K tons)
- Taiwan (Chinese) (1.2K tons)
- South Korea (1.0K tons)
- Germany (0.6K tons)
- Japan (0.4K tons)
- Indonesia (0.2K tons)
- Malaysia (0.2K tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of dyes; pigments and preparations based therea, when their volume decreased by -7.3% to 651 tons. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 132%. As a result, the exports attained the peak of 702 tons, and then fell in the following year.
In value terms, exports of dyes; pigments and preparations based therea declined to $6.1M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 98%. As a result, the exports attained the peak of $6.7M, and then dropped in the following year.
| Export of Dyes; Pigments and Preparations Based Thereon in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 35.6 | 218 | 980 | 1,225 | 225.3% |
| Cambodia | 655 | 390 | 572 | 980 | 14.4% |
| Thailand | 521 | 518 | 724 | 590 | 4.2% |
| Indonesia | 129 | 84.1 | 206 | 305 | 33.2% |
| Kenya | 53.3 | 237 | 100 | 265 | 70.7% |
| Myanmar | N/A | 0.7 | 32.0 | 240 | 1751.6% |
| Taiwan (Chinese) | 188 | 199 | 210 | 236 | 7.9% |
| Philippines | 195 | 138 | 340 | 233 | 6.1% |
| South Korea | 241 | 41.9 | 232 | 223 | -2.6% |
| United States | N/A | 174 | 431 | 161 | -3.8% |
| United Kingdom | N/A | 43.1 | 78.6 | 152 | 87.8% |
| India | 29.1 | 22.1 | 66.2 | 137 | 67.6% |
| China | 11.1 | 39.0 | 15.2 | 114 | 117.4% |
| Others | 1,234 | 1,253 | 2,674 | 1,267 | 0.9% |
| Total | 3,293 | 3,358 | 6,663 | 6,128 | 23.0% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Vietnam in 2022:
- Ecuador (130.1 tons)
- Cambodia (104.0 tons)
- Thailand (62.7 tons)
- Indonesia (32.4 tons)
- Kenya (28.1 tons)
- Myanmar (25.5 tons)
- Taiwan (Chinese) (25.1 tons)
- Philippines (24.7 tons)
- South Korea (23.6 tons)
- United States (17.1 tons)
- United Kingdom (16.1 tons)
- India (14.6 tons)
- China (12.1 tons)
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