Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam - 2022
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam (FOB) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam (CIF) - 2022
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam (FOB) - 2022
In December 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,129 per ton, surging by 3.6% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average export price increased by 7% against the previous month. The export price peaked at $1,166 per ton in April 2022; however, from May 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was India ($1,166 per ton), while the average price for exports to South Korea ($765 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam (CIF) - 2022
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $1,171 per ton in December 2022, waning by -3.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 42% against the previous month. As a result, import price attained the peak level of $1,357 per ton. From February 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Germany ($1,355 per ton) and South Korea ($1,318 per ton), while the price for France ($1,087 per ton) and China ($1,125 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam
In 2022, exports of aluminium oxide (including artificial corundum); aluminium hydroxide from Vietnam totaled 488K tons, flattening at 2021. In general, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 52%.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide rose sharply to $545M in 2022. The total export value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 256 | 46.2 | 242 | 264 | 1.0% |
| China | 60.6 | 229 | 129 | 121 | 25.9% |
| United Arab Emirates | 112 | 87.3 | 86.4 | 95.9 | -5.0% |
| South Korea | 27.6 | 18.6 | 24.8 | 33.0 | 6.1% |
| Malaysia | 7.8 | 6.0 | 0.1 | 11.1 | 12.5% |
| Turkey | N/A | N/A | N/A | 8.9 | 0% |
| Thailand | 7.3 | 5.5 | 5.0 | 6.1 | -5.8% |
| Others | 7.8 | 3.7 | 14.7 | 4.8 | -14.9% |
| Total | 479 | 396 | 502 | 545 | 4.4% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Vietnam in 2022:
- India (226.3K tons)
- China (104.0K tons)
- United Arab Emirates (82.3K tons)
- South Korea (43.1K tons)
- Malaysia (9.5K tons)
- Thailand (8.6K tons)
- Turkey (7.6K tons)
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam
In 2022, approx. 44K tons of aluminium oxide (including artificial corundum); aluminium hydroxide were imported into Vietnam; with an increase of 24% against 2021 figures. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.4% 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 +74.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide soared to $46M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.0 | 15.7 | 18.2 | 27.2 | 24.8% |
| Germany | 1.2 | 1.5 | 2.7 | 4.6 | 56.5% |
| Japan | 2.8 | 3.0 | 3.5 | 4.4 | 16.3% |
| South Korea | 2.6 | 2.5 | 3.3 | 4.4 | 19.2% |
| France | 2.2 | 2.5 | 2.4 | 2.3 | 1.5% |
| India | 0.3 | 0.3 | 1.0 | 1.1 | 54.2% |
| Others | 1.0 | 1.5 | 3.3 | 2.0 | 26.0% |
| Total | 24.0 | 27.2 | 34.3 | 46.1 | 24.3% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Vietnam in 2022:
- China (27.3K tons)
- Germany (4.1K tons)
- Japan (4.0K tons)
- South Korea (3.9K tons)
- France (2.2K tons)
- India (1.0K tons)
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