Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $1,707 per ton, with an increase of 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($1,720 per ton), while the price for Belgium ($1,056 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $704 per ton, declining by -63.2% against the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 16%. The export price peaked at $2,168 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,607 per ton), while the average price for exports to Malaysia amounted to $1,564 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-2.9%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam
In 2022, approx. 2K tons of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were imported into Vietnam; with a decrease of -35.5% against the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 70%. As a result, imports attained the peak of 3.2K tons, and then fell notably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses fell remarkably to $3.5M in 2022. In general, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +14.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports attained the peak of $4.5M, and then shrank significantly in the following year.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 507 | 600 | 847 | 1,874 | 54.6% |
Netherlands | 1,525 | 1,347 | 2,142 | 614 | -26.2% |
Taiwan (Chinese) | 164 | 190 | 289 | 414 | 36.2% |
Canada | 164 | 205 | 141 | 189 | 4.8% |
Germany | 96.3 | 106 | 131 | 141 | 13.6% |
Belgium | 502 | 470 | 803 | 53.4 | -52.6% |
Others | 235 | 131 | 179 | 196 | -5.9% |
Total | 3,192 | 3,050 | 4,533 | 3,482 | 2.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Vietnam in 2022:
- China (1089.8 tons)
- Netherlands (357.2 tons)
- Taiwan (Chinese) (240.6 tons)
- Canada (109.8 tons)
- Germany (81.9 tons)
- Belgium (50.6 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam
In 2022, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Vietnam contracted dramatically to 4.1 tons, reducing by -55.2% against 2021. Over the period under review, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 213% against the previous year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses fell markedly to $6.4K in 2022. Overall, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 194% against the previous year.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 11.8 | 3.4 | 7.8 | 4.3 | -28.6% |
Thailand | 7.5 | 1.3 | 0.6 | 2.2 | -33.6% |
Lao People's Democratic Republic | N/A | 1.2 | 9.0 | N/A | 650.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 19.2 | 5.9 | 17.4 | 6.4 | -30.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Vietnam in 2022:
- Malaysia (2.7 tons)
- Thailand (1.3 tons)
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