Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Vietnam - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Vietnam (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Vietnam
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Vietnam (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $2,109 per ton in 2022, increasing by 40% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of 68% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($2,109 per ton) and South Korea ($2,109 per ton), while the price for Singapore ($2,109 per ton) and China ($2,109 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Vietnam
In 2022, approx. 9.4K tons of acids; saturated acyclic monocarboxylic acids; vinyl acetates were imported into Vietnam; declining by -29.6% compared with 2021 figures. Over the period under review, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of 13K tons, and then declined sharply in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates declined modestly to $20M in 2022. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 116%. As a result, imports reached the peak of $20M, and then reduced modestly in the following year.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 7.3 | 5.5 | 12.8 | 7.4 | 0.5% |
Taiwan (Chinese) | 2.1 | 1.1 | 3.1 | 5.9 | 41.1% |
China | 1.5 | 1.8 | 2.4 | 4.7 | 46.3% |
South Korea | 0.1 | 0.1 | 0.9 | 1.7 | 157.1% |
Japan | 0.7 | 0.8 | 0.7 | N/A | 0.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 11.7 | 9.3 | 20.0 | 19.7 | 19.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Vietnam in 2022:
- Singapore (3.5K tons)
- Taiwan (Chinese) (2.8K tons)
- China (2.2K tons)
- South Korea (0.8K tons)
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