Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Vietnam - 2022

Contents:

1. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Vietnam (CIF) - 2022
2. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Vietnam (FOB) - 2022
3. Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Vietnam
4. Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Vietnam

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Vietnam (CIF) - 2022

In 2022, the average import price for hormones; halogenated derivatives or adrenal cortical hormoneses amounted to $993,917 per ton, jumping by 28% against the previous year. In general, the import price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $1,316,369 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,916,522 per ton), while the price for France ($74,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.2%), while the prices for the other major suppliers experienced a decline.

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Vietnam (FOB) - 2022

In 2022, the average export price for hormones; halogenated derivatives or adrenal cortical hormoneses amounted to $2,349,600 per ton, which is down by -25.2% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 124%. As a result, the export price attained the peak level of $3,139 per kg, and then contracted dramatically in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,473,100 per ton), while the average price for exports to Lao People's Democratic Republic ($1,930,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+10.3%).

Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Vietnam

In 2022, after three years of growth, there was significant decline in overseas purchases of hormones; halogenated derivatives or adrenal cortical hormoneses, when their volume decreased by -37.1% to 3.1 tons. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, imports attained the peak of 4.9 tons, and then shrank remarkably in the following year.

In value terms, imports of hormones; halogenated derivatives or adrenal cortical hormoneses contracted markedly to $3.1M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 31%.

Top Suppliers of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones to Vietnam in 2022:

1. China (2573.0 kg)
2. Hong Kong SAR (156.0 kg)
3. South Korea (137.0 kg)
4. Malaysia (84.0 kg)
5. Italy (69.0 kg)

Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Vietnam

In 2022, after three years of growth, there was significant decline in shipments abroad of hormones; halogenated derivatives or adrenal cortical hormoneses, when their volume decreased by -48.3% to 15 kg. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 625%. As a result, the exports attained the peak of 29 kg, and then shrank remarkably in the following year.

In value terms, exports of hormones; halogenated derivatives or adrenal cortical hormoneses shrank remarkably to $35K in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,523% against the previous year. As a result, the exports reached the peak of $91K, and then declined sharply in the following year.

Top Export Markets for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones from Vietnam in 2022:

1. China (10.0 kg)
2. Italy (3.0 kg)
3. Lao People's Democratic Republic (2.0 kg)

Source: IndexBox Market Intelligence Platform