Price for Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam - 2022
Contents:
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam (CIF) - 2022
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam (FOB) - 2022
- Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam
- Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam
Price for Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam (CIF) - 2022
The average import price for dyes; reactive dyes and preparations based therea stood at $8,416 per ton in 2022, growing by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2015 an increase of 27%. As a result, import price attained the peak level of $10,275 per ton. From 2016 to 2022, the average 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 India ($8,416 per ton) and Indonesia ($8,416 per ton), while the price for Thailand ($8,416 per ton) and South Korea ($8,416 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam (FOB) - 2022
In 2022, the average export price for dyes; reactive dyes and preparations based therea amounted to $6,732 per ton, declining by -3% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for dyes; reactive dyes and preparations based therea decreased by -36.7% against 2019 indices. The growth pace was the most rapid in 2015 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs at $10,639 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($6,732 per ton) and Cambodia ($6,732 per ton), while the average price for exports to China ($6,722 per ton) and South Korea ($6,731 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 Singapore (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam
In 2022, after three years of growth, there was significant decline in purchases abroad of dyes; reactive dyes and preparations based therea, when their volume decreased by -5.1% to 8.5K tons. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of 9K tons, and then contracted in the following year.
In value terms, imports of dyes; reactive dyes and preparations based therea amounted to $72M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.1 | 22.4 | 30.4 | 23.5 | -2.2% |
| India | 5.9 | 7.7 | 9.4 | 19.0 | 47.7% |
| South Korea | 19.7 | 19.4 | 23.4 | 18.5 | -2.1% |
| Thailand | 1.8 | 1.7 | 3.1 | 5.1 | 41.5% |
| Taiwan (Chinese) | 2.1 | 3.0 | 1.4 | 2.3 | 3.1% |
| Indonesia | 0.9 | 0.9 | 1.2 | 1.3 | 13.0% |
| Japan | 1.4 | 1.0 | 1.1 | 0.8 | -17.0% |
| Others | 0.5 | 1.0 | 1.5 | 1.4 | 40.9% |
| Total | 57.3 | 57.1 | 71.4 | 71.9 | 7.9% |
Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to Vietnam in 2022:
- China (2.8K tons)
- India (2.3K tons)
- South Korea (2.2K tons)
- Thailand (0.6K tons)
- Taiwan (Chinese) (0.3K tons)
- Indonesia (0.2K tons)
- Japan (0.1K tons)
Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam
In 2022, overseas shipments of dyes; reactive dyes and preparations based therea decreased by -47.2% to 50 tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year. As a result, the exports reached the peak of 99 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of dyes; reactive dyes and preparations based therea declined sharply to $335K in 2022. Overall, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 when exports increased by 0.6% against the previous year. As a result, the exports attained the peak of $704K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Dyes; Reactive Dyes and Preparations Based Thereon in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 133 | 0% |
| Taiwan (Chinese) | 78.4 | 35.7 | 60.5 | 115 | 13.6% |
| Cambodia | 344 | 111 | 265 | 41.8 | -50.5% |
| South Korea | 137 | 121 | 304 | 40.5 | -33.4% |
| China | 27.9 | 70.0 | N/A | 1.0 | -67.0% |
| Indonesia | 47.9 | 362 | N/A | N/A | 655.7% |
| Others | 64.0 | 4.5 | 22.9 | 3.5 | -62.0% |
| Total | 700 | 704 | 653 | 335 | -21.8% |
Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from Vietnam in 2022:
- Japan (19.7 tons)
- Taiwan (Chinese) (17.2 tons)
- Cambodia (6.2 tons)
- South Korea (6.0 tons)
- China (0.1 tons)
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