Carbonates; Potassium Carbonate Price in Vietnam - 2021
Contents:
- Carbonates; Potassium Carbonate Price in Vietnam (CIF) - 2022
- Carbonates; Potassium Carbonate Price in Vietnam (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in Vietnam
- Carbonates; Potassium Carbonate Exports in Vietnam
Carbonates; Potassium Carbonate Price in Vietnam (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $927 per ton in 2022, reducing by -2.7% against the previous year. Overall, the import price saw a slight slump. The pace of growth appeared the most rapid in 2013 an increase of 8.6% against the previous year. As a result, import price reached the peak level of $1,123 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($1,037 per ton) and Taiwan (Chinese) ($943 per ton), while the price for Russia ($866 per ton) and Thailand ($925 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.2%), while the prices for the other major suppliers experienced a decline.
Carbonates; Potassium Carbonate Price in Vietnam (FOB) - 2022
The average carbonates; potassium carbonate export price stood at $202 per ton in 2022, falling by -26.4% against the previous year. In general, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2013 an increase of 29%. The export price peaked at $1,953 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +6.7% per year.
Carbonates; Potassium Carbonate Imports in Vietnam
In 2022, after three years of growth, there was significant decline in supplies from abroad of carbonates; potassium carbonates, when their volume decreased by -8.6% to 6.2K tons. The total import volume increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 24%.
In value terms, carbonates; potassium carbonate imports declined to $5.8M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 35%.
Import of Carbonates; Potassium Carbonate in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 1.6 | 2.5 | 5.2 | 4.2 | 37.9% |
Russia | 1.7 | 2.2 | 0.7 | 1.2 | -11.0% |
Taiwan (Chinese) | N/A | N/A | 0.2 | 0.1 | -50.0% |
United States | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
Thailand | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
Total | 3.7 | 5.1 | 6.5 | 5.8 | 16.2% |
Top Suppliers of Carbonates; Potassium Carbonate to Vietnam in 2022:
- South Korea (4.4K tons)
- Russia (1.4K tons)
- Taiwan (Chinese) (0.1K tons)
- United States (0.1K tons)
- Thailand (0.1K tons)
Carbonates; Potassium Carbonate Exports in Vietnam
In 2022, the amount of carbonates; potassium carbonates exported from Vietnam surged to 25 tons, picking up by 36% against the year before. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 96% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, carbonates; potassium carbonate exports dropped modestly to $5.1K in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 0.2% against the previous year. As a result, the exports reached the peak of $5.2K, leveling off in the following year.
Export of Carbonates; Potassium Carbonate in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 0.5 | 5.1 | 5.2 | 5.1 | 116.9% |
Yemen | 4.7 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 5.1 | 5.1 | 5.2 | 5.1 | 0.0% |
Top Export Markets for Carbonates; Potassium Carbonate from Vietnam in 2022:
- Canada (25.5 tons)
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