Price for Carboxyimide-function compounds (including saccharin and its salts) and imine-function compounds in Vietnam - 2022

Contents:

1. Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Vietnam (CIF) - 2022
2. Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Vietnam (FOB) - 2022
3. Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Vietnam
4. Exports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Vietnam

Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Vietnam (CIF) - 2022

The average import price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses stood at $10,800 per ton in December 2022, almost unchanged from the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in January 2022 when the average import price increased by 34% against the previous month. Over the period under review, average import prices hit record highs at $11,549 per ton in July 2022; however, from August 2022 to December 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from India ($10,995 per ton) and China ($10,660 per ton), while the price for Japan ($9,126 per ton) and South Korea ($10,583 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 Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Vietnam (FOB) - 2022

The average export price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses stood at $8,508 per ton in 2022, increasing by 2.2% against the previous year. Overall, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. As a result, the export price reached the peak level of $11,111 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.

From 2013 to 2022, the rate of growth in terms of prices for Thailand amounted to -1.3% per year.

Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Vietnam

In 2022, overseas purchases of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses decreased by -28.3% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.3% 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 +30.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 67%. As a result, imports attained the peak of 1.9K tons, and then dropped dramatically in the following year.

In value terms, imports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses shrank slightly to $14M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of $15M, and then reduced in the following year.

Top Suppliers of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds to Vietnam in 2022:

1. China (584.6 tons)
2. India (301.3 tons)
3. South Korea (119.2 tons)
4. Switzerland (89.6 tons)
5. Germany (71.3 tons)
6. Taiwan (Chinese) (62.1 tons)
7. Norway (54.5 tons)

Exports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Vietnam

After three years of growth, overseas shipments of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses decreased by -98.1% to 567 kg in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 2,392%. As a result, the exports reached the peak of 30 tons, and then reduced dramatically in the following year.

In value terms, exports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses declined sharply to $4.8K in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,028%. As a result, the exports reached the peak of $249K, and then contracted significantly in the following year.

Top Export Markets for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds from Vietnam in 2022:

1. Lao People's Democratic Republic (567.0 kg)

Source: IndexBox Market Intelligence Platform