Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Vietnam - 2022

Contents:

1. Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Vietnam (CIF) - 2022
2. Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Vietnam (FOB) - 2022
3. Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Vietnam
4. Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Vietnam

Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Vietnam (CIF) - 2022

In 2022, the average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $22,354 per ton, which is down by -2.2% against the previous year. Overall, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 52%. Over the period under review, average import prices reached the maximum at $35,455 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($45,451 per ton), while the price for China ($18,040 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.9%), while the prices for the other major suppliers experienced a decline.

Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Vietnam (FOB) - 2022

The average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol stood at $3,683 per ton in 2022, surging by 11% against the previous year. Over the period under review, the export price continues to indicate a moderate increase. The growth pace was the most rapid in 2021 when the average export price increased by 77%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($4,035 per ton), while the average price for exports to Cambodia ($1,633 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+39.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Vietnam

In 2022, supplies from abroad of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol decreased by -5.6% to 381 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year.

In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol contracted to $8.5M in 2022. Overall, imports recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 18%.

Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to Vietnam in 2022:

1. China (148.6 tons)
2. Singapore (89.7 tons)
3. Thailand (33.1 tons)
4. India (29.3 tons)
5. Germany (21.4 tons)
6. Japan (18.7 tons)
7. Italy (8.2 tons)

Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Vietnam

In 2022, overseas shipments of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol decreased by -26.1% to 5.8 tons, falling for the second year in a row after two years of growth. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 126% against the previous year. As a result, the exports reached the peak of 9 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol declined notably to $21K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 121% against the previous year.

Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from Vietnam in 2022:

1. Singapore (4.9 tons)
2. Cambodia (0.6 tons)
3. Lao People's Democratic Republic (0.3 tons)

Source: IndexBox Market Intelligence Platform