Gold Compounds Price in Vietnam - 2022
Contents:
- Gold Compounds Price in Vietnam (CIF) - 2022
- Gold Compounds Price in Vietnam (FOB) - 2021
- Gold Compounds Imports in Vietnam
- Gold Compounds Exports in Vietnam
Gold Compounds Price in Vietnam (CIF) - 2022
In 2022, the average gold compounds import price amounted to $4,608,788 per ton, with an increase of 1.8% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 249%. Over the period under review, average import prices attained the peak figure at $13,472,409 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($5,828,176 per ton), while the price for Germany ($2,704,450 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Gold Compounds Price in Vietnam (FOB) - 2021
In December 2021, the average gold compounds export price amounted to $32.3M per ton, leveling off at the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure in December 2021.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From September 2021 to December 2021, the rate of growth in terms of prices for South Korea amounted to +0.3% per month.
Gold Compounds Imports in Vietnam
In 2022, supplies from abroad of gold compoundses decreased by -9.5% to 28 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 153%.
In value terms, gold compounds imports reduced to $128M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 44%.
| Import of Gold Compounds in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.7 | 28.2 | 45.7 | 42.7 | 108.7% |
| Japan | 38.7 | 50.4 | 32.6 | 30.4 | -7.7% |
| Singapore | 19.6 | 25.7 | 26.2 | 24.5 | 7.7% |
| Switzerland | N/A | 0.3 | 19.3 | 15.1 | 609.5% |
| Thailand | 14.9 | 5.4 | 8.1 | 6.4 | -24.5% |
| Hong Kong SAR | 1.2 | 2.1 | 2.1 | 5.4 | 65.1% |
| Germany | 1.6 | 3.2 | 3.1 | 2.1 | 9.5% |
| Others | 0.4 | 1.4 | 1.4 | 1.1 | 40.1% |
| Total | 81.0 | 117 | 139 | 128 | 16.5% |
Top Suppliers of Gold Compounds to Vietnam in 2022:
- South Korea (9.9 tons)
- Japan (6.5 tons)
- Singapore (4.2 tons)
- Switzerland (3.5 tons)
- Thailand (1.5 tons)
- Hong Kong SAR (1.0 tons)
- Germany (0.8 tons)
Gold Compounds Exports in Vietnam
In 2022, the amount of gold compoundses exported from Vietnam soared to 43 kg, picking up by 39% on 2021 figures. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 2,600%. As a result, the exports reached the peak of 54 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, gold compounds exports dropped markedly to $525K in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 8,583%.
| Export of Gold Compounds in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.1 | 168 | 729 | 367 | 1442.5% |
| Thailand | 3.5 | 140 | 2.4 | 157 | 255.3% |
| Philippines | N/A | N/A | N/A | 0.8 | 0% |
| Others | N/A | 0.8 | 8.7 | N/A | 987.5% |
| Total | 3.6 | 309 | 740 | 525 | 426.4% |
Top Export Markets for Gold Compounds from Vietnam in 2022:
- Thailand (32.0 kg)
- South Korea (9.0 kg)
- Philippines (2.0 kg)
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