Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Vietnam - 2022

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Vietnam (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Vietnam (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Vietnam
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Vietnam

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Vietnam (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $98,309 per ton, with a decrease of -7.5% against the previous year. Over the period under review, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 21%. Over the period under review, average import prices reached the maximum at $124,687 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($98,971 per ton) and Japan ($98,285 per ton), while the price for South Korea ($98,230 per ton) and Switzerland ($98,265 per ton) were amongst the lowest.

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

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Vietnam (FOB) - 2022

In 2022, the average export price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $152,841 per ton, declining by -6.8% against the previous year. In general, the export price, however, posted slight growth. The growth pace was the most rapid in 2018 an increase of 66% against the previous year. The export price peaked at $204,807 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($154,200 per ton) and China ($153,109 per ton), while the average price for exports to Thailand ($147,889 per ton) and Malaysia ($152,012 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Vietnam

In 2022, imports of balances; of a sensitivity of 5cg or better, with or without weightses into Vietnam expanded sharply to 39 tons, with an increase of 12% against the previous year. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses amounted to $3.8M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 21% against the previous year. As a result, imports reached the peak of $4.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Vietnam in 2022:

1. China (17.8 tons)
2. Germany (7.2 tons)
3. Switzerland (4.8 tons)
4. Japan (3.0 tons)
5. Philippines (2.8 tons)
6. South Korea (0.7 tons)
7. Taiwan (Chinese) (0.4 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Vietnam

In 2022, overseas shipments of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -3.1% to 699 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 112% against the previous year. As a result, the exports reached the peak of 959 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses reduced to $107K in 2022. In general, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 128% against the previous year. As a result, the exports attained the peak of $196K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Vietnam in 2022:

1. China (165.0 kg)
2. Cambodia (142.0 kg)
3. Japan (139.0 kg)
4. Malaysia (84.0 kg)
5. Lao People's Democratic Republic (51.0 kg)
6. United Arab Emirates (40.0 kg)
7. Myanmar (28.0 kg)

Source: IndexBox Market Intelligence Platform