Vietnam - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in Vietnam - 2021
Contents:
- Potassium Sulphate (SOP) Price in Vietnam (FOB) - 2021
- Potassium Sulphate (SOP) Price in Vietnam (CIF) - 2021
- Potassium Sulphate (SOP) Exports in Vietnam
- Potassium Sulphate (SOP) Imports in Vietnam
Potassium Sulphate (SOP) Price in Vietnam (FOB) - 2021
The average potassium sulphate (SOP) export price stood at $695 per ton in December 2021, rising by 9.9% against the previous month. Over the period under review, export price indicated moderate growth from December 2020 to December 2021: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, potassium sulphate (SOP) export price decreased by -3.3% against October 2021 indices. The growth pace was the most rapid in July 2021 an increase of 21% month-to-month. Over the period under review, the average export prices attained the peak figure at $718 per ton in October 2021; however, from November 2021 to December 2021, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In December 2021, the countries with the highest prices were Australia ($887 per ton) and Malaysia ($775 per ton), while the average price for exports to the Philippines ($615 per ton) and Japan ($720 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Potassium Sulphate (SOP) Price in Vietnam (CIF) - 2021
In December 2021, the average potassium sulphate (SOP) import price amounted to $725 per ton, with an increase of 20% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Sweden ($868 per ton), while the price for the United States ($502 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Sulphate (SOP) Exports in Vietnam
In 2022, overseas shipments of potassium sulphate (SOP) decreased by -13.2% to 11K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year.
In value terms, potassium sulphate (SOP) exports shrank sharply to $5.4M in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, the exports reached the peak of $6.7M, and then reduced notably in the following year.
Export of Potassium Sulphate (SOP) in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 37.9 | 38.9 | 612 | 1,620 | 249.6% |
Mozambique | 1,314 | 1,628 | 1,476 | 1,030 | -7.8% |
Thailand | 95.4 | 404 | 2,002 | 904 | 111.6% |
China | 910 | 416 | 458 | 424 | -22.5% |
Malaysia | 20.9 | 135 | 106 | 417 | 171.2% |
Cambodia | 310 | 258 | 238 | 267 | -4.9% |
United Arab Emirates | 357 | 172 | 105 | 202 | -17.3% |
Indonesia | N/A | N/A | 918 | 121 | -86.8% |
Malawi | N/A | 581 | N/A | N/A | 0% |
Others | 241 | 511 | 801 | 445 | 22.7% |
Total | 3,286 | 4,144 | 6,717 | 5,431 | 18.2% |
Top Export Markets for Potassium Sulphate (SOP) from Vietnam in 2022:
- Mozambique (3.4K tons)
- Japan (2.3K tons)
- Thailand (1.6K tons)
- China (1.3K tons)
- Cambodia (0.8K tons)
- Malaysia (0.7K tons)
- United Arab Emirates (0.6K tons)
- Indonesia (0.2K tons)
Potassium Sulphate (SOP) Imports in Vietnam
In 2022, the amount of potassium sulphate (SOP) imported into Vietnam reached 13K tons, picking up by 3.9% compared with 2021. In general, imports, however, saw a relatively flat trend pattern.
In value terms, potassium sulphate (SOP) imports dropped slightly to $6.2M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 5.9%. As a result, imports attained the peak of $6.4M, and then shrank modestly in the following year.
Import of Potassium Sulphate (SOP) in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 1,948 | 2,010 | 2,577 | 2,022 | 1.3% |
South Korea | 583 | 719 | 1,219 | 1,061 | 22.1% |
Singapore | 412 | 523 | 406 | 823 | 25.9% |
Belgium | 719 | 727 | 677 | 563 | -7.8% |
Malaysia | 8.6 | 32.5 | 120 | 427 | 267.5% |
Philippines | 1,251 | 855 | 259 | 218 | -44.1% |
Germany | 441 | 276 | 119 | 158 | -29.0% |
Australia | N/A | N/A | N/A | 119 | 0% |
Chile | 110 | 118 | 127 | 115 | 1.5% |
Others | 756 | 752 | 861 | 684 | -3.3% |
Total | 6,230 | 6,014 | 6,366 | 6,190 | -0.2% |
Top Suppliers of Potassium Sulphate (SOP) to Vietnam in 2022:
- Taiwan (Chinese) (4.9K tons)
- South Korea (1.3K tons)
- Singapore (1.2K tons)
- Malaysia (1.1K tons)
- Belgium (1.0K tons)
- Australia (0.6K tons)
- Chile (0.6K tons)
- Germany (0.4K tons)
- Philippines (0.3K tons)
This report provides an in-depth analysis of the potassium sulphate (sop) market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4017 - Potassium sulphate (sulphate of potash) (SOP)
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the potassium sulphate (sop) market in Vietnam.
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This report provides an in-depth analysis of the global potassium sulphate (sop) market.
This report provides an in-depth analysis of the global market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers.
This report provides an in-depth analysis of the global potassic fertilizer market.
This report provides an in-depth analysis of the global potassium chloride (mop) market.
This report provides an in-depth analysis of the potassium sulphate (sop) market in Vietnam.
This report provides an in-depth analysis of the market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Vietnam.
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