Price for Hydroxide and Peroxide of Magnesium in Vietnam - 2022
Contents:
- Price for Hydroxide and Peroxide of Magnesium in Vietnam (CIF) - 2022
- Price for Hydroxide and Peroxide of Magnesium in Vietnam (FOB) - 2022
- Imports of Hydroxide and Peroxide of Magnesium in Vietnam
- Exports of Hydroxide and Peroxide of Magnesium in Vietnam
Price for Hydroxide and Peroxide of Magnesium in Vietnam (CIF) - 2022
In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $1,164 per ton, shrinking by -3.6% against the previous year. Overall, the import price recorded a noticeable downturn. The growth pace was the most rapid in 2020 an increase of 20% against the previous year. The import price peaked at $1,768 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,602 per ton), while the price for Japan ($845 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hydroxide and Peroxide of Magnesium in Vietnam (FOB) - 2022
The average export price for hydroxide and peroxide of magnesia stood at $1,498 per ton in 2022, increasing by 9.6% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 55%. The export price peaked at $1,920 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($3,098 per ton), while the average price for exports to Lao People's Democratic Republic ($590 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 Malaysia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydroxide and Peroxide of Magnesium in Vietnam
In 2022, approx. 2.9K tons of hydroxide and peroxide of magnesia were imported into Vietnam; surging by 6.1% compared with the previous year. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, hydroxide and peroxide of magnesium imports stood at $3.4M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26%. As a result, imports reached the peak of $3.5M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Hydroxide and Peroxide of Magnesium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,519 | 1,769 | 1,577 | 1,343 | -4.0% |
| China | 621 | 968 | 1,077 | 1,198 | 24.5% |
| United States | 201 | 380 | 296 | 392 | 24.9% |
| India | 108 | 161 | 206 | 229 | 28.5% |
| Germany | 64.9 | 117 | 56.9 | 92.4 | 12.5% |
| South Korea | 123 | 36.1 | 29.7 | 72.4 | -16.2% |
| Others | 117 | 49.4 | 83.9 | 76.8 | -13.1% |
| Total | 2,753 | 3,481 | 3,327 | 3,404 | 7.3% |
Top Suppliers of Hydroxide and Peroxide of Magnesium to Vietnam in 2022:
- Japan (1589.8 tons)
- China (747.6 tons)
- United States (245.4 tons)
- India (142.9 tons)
- Germany (78.5 tons)
- South Korea (61.5 tons)
Exports of Hydroxide and Peroxide of Magnesium in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of hydroxide and peroxide of magnesia, when their volume decreased by -9% to 19 tons. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year.
In value terms, hydroxide and peroxide of magnesium exports fell slightly to $28K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.5% 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 +97.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 97% against the previous year.
| Export of Hydroxide and Peroxide of Magnesium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.0 | 11.3 | 17.1 | 17.6 | 30.1% |
| Cambodia | 2.6 | 3.6 | 5.4 | 5.6 | 29.1% |
| Lao People's Democratic Republic | 3.7 | 4.6 | 5.8 | 5.0 | 10.6% |
| Japan | N/A | 8.5 | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 14.3 | 28.1 | 28.3 | 28.2 | 25.4% |
Top Export Markets for Hydroxide and Peroxide of Magnesium from Vietnam in 2022:
- Lao People's Democratic Republic (8.5 tons)
- China (8.5 tons)
- Cambodia (1.8 tons)
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in Vietnam.
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This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
379
This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in Vietnam.
775
This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
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In value terms, hydroxides and magnesium peroxides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the t...
1399
In value terms, hydroxides and magnesium peroxides imports amounted to $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average ann...
801
In value terms, hydroxides and magnesium peroxides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the t...
