Price for Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam - 2022

Contents:

  1. Price for Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam (FOB) - 2022
  2. Price for Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam (CIF) - 2022
  3. Exports of Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam
  4. Imports of Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam

Price for Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam (FOB) - 2022

In 2022, the average export price for carbides; of silicon, whether or not chemically defineds amounted to $1,809 per ton, jumping by 52% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($1,809 per ton) and Japan ($1,809 per ton), while the average price for exports to South Korea ($1,809 per ton) and Spain ($1,809 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 Taiwan (Chinese) (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam (CIF) - 2022

The average import price for carbides; of silicon, whether or not chemically defineds stood at $1,938 per ton in 2022, increasing by 49% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for carbides; of silicon, whether or not chemically defineds increased by +79.0% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,938 per ton), while the price for China amounted to $1,938 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.4%).

Exports of Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam

In 2022, the amount of carbides; of silicon, whether or not chemically defineds exported from Vietnam reduced slightly to 28K tons, waning by -3.5% on the year before. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of 29K tons, and then contracted slightly in the following year.

In value terms, exports of carbides; of silicon, whether or not chemically defineds soared to $51M in 2022. In general, exports, however, recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India7.99.013.121.840.3%
Japan5.85.69.012.027.4%
South Korea7.15.77.09.510.2%
Spain0.30.30.71.985.0%
Taiwan (Chinese)0.60.40.41.226.0%
United Arab Emirates0.81.40.40.4-20.6%
United States2.9N/AN/AN/A0%
Others2.22.24.14.224.1%
Total27.524.634.850.922.8%

Top Export Markets for Carbides; of Silicon, Whether or Not Chemically Defined from Vietnam in 2022:

  1. India (12.1K tons)
  2. Japan (6.6K tons)
  3. South Korea (5.2K tons)
  4. Spain (1.0K tons)
  5. Taiwan (Chinese) (0.7K tons)
  6. United Arab Emirates (0.2K tons)

Imports of Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam

After three years of growth, purchases abroad of carbides; of silicon, whether or not chemically defineds decreased by -45.8% to 1.9K tons in 2022. Overall, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. As a result, imports reached the peak of 3.4K tons, and then shrank sharply in the following year.

In value terms, imports of carbides; of silicon, whether or not chemically defineds fell remarkably to $3.6M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of $4.5M, and then dropped remarkably in the following year.

Import of Carbides; of Silicon, Whether or Not Chemically Defined in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.12.54.13.316.3%
JapanN/AN/A0.10.2100.0%
South Korea0.30.10.1N/A-42.3%
OthersN/AN/A0.1N/A0%
Total2.42.64.53.614.5%

Top Suppliers of Carbides; of Silicon, Whether or Not Chemically Defined to Vietnam in 2022:

  1. China (1720.4 tons)
  2. Japan (106.3 tons)
  3. South Korea (21.4 tons)

Source: IndexBox Market Intelligence Platform

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