Price for Pectic Substances; Pectinates and Pectates in Vietnam - 2021
Contents:
- Price for Pectic Substances; Pectinates and Pectates in Vietnam (CIF) - 2022
- Price for Pectic Substances; Pectinates and Pectates in Vietnam (FOB) - 2022
- Imports of Pectic Substances; Pectinates and Pectates in Vietnam
- Exports of Pectic Substances; Pectinates and Pectates in Vietnam
Price for Pectic Substances; Pectinates and Pectates in Vietnam (CIF) - 2022
In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $11,677 per ton, flattening at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 6.3%. Over the period under review, average import prices reached the maximum at $13,012 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($12,679 per ton) and Mexico ($12,007 per ton), while the price for Brazil ($11,200 per ton) and China ($11,618 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.0%), while the prices for the other major suppliers experienced a decline.
Price for Pectic Substances; Pectinates and Pectates in Vietnam (FOB) - 2022
In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $11,067 per ton, waning by -11.8% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 276%. As a result, the export price reached the peak level of $42,056 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($12,976 per ton), while the average price for exports to Singapore amounted to $8,787 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+73.0%), while the prices for the other major destinations experienced a decline.
Imports of Pectic Substances; Pectinates and Pectates in Vietnam
In 2022, imports of pectic substances; pectinates and pectateses into Vietnam fell significantly to 543 tons, reducing by -20% on the previous year's figure. In general, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.1% 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 +33.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 67%. As a result, imports attained the peak of 679 tons, and then reduced sharply in the following year.
In value terms, pectic substances; pectinates and pectates imports fell significantly to $6.3M in 2022. Overall, imports, however, showed slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of $7.9M, and then fell sharply in the following year.
| Import of Pectic Substances; Pectinates and Pectates in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 4.3 | 1.8 | 4.4 | 3.7 | -4.9% |
| Germany | 0.6 | 1.3 | 1.7 | 1.2 | 26.0% |
| Denmark | 0.5 | 1.1 | 1.1 | 0.9 | 21.6% |
| Mexico | 0.5 | 0.3 | 0.4 | 0.3 | -15.7% |
| Others | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Total | 6.2 | 4.8 | 7.9 | 6.3 | 0.5% |
Top Suppliers of Pectic Substances; Pectinates and Pectates to Vietnam in 2022:
- Brazil (331.3 tons)
- Germany (98.2 tons)
- Denmark (72.1 tons)
- Mexico (24.7 tons)
Exports of Pectic Substances; Pectinates and Pectates in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of pectic substances; pectinates and pectateses, when their volume decreased by -10.4% to 8.2 tons. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 417% against the previous year.
In value terms, pectic substances; pectinates and pectates exports dropped notably to $91K in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 258% against the previous year.
| Export of Pectic Substances; Pectinates and Pectates in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 58.1 | 0% |
| Singapore | 0.1 | 66.9 | 1.4 | 32.9 | 590.3% |
| Thailand | N/A | N/A | 114 | N/A | 0% |
| Indonesia | 18.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.7 | 66.9 | 115 | 91.0 | 69.5% |
Top Export Markets for Pectic Substances; Pectinates and Pectates from Vietnam in 2022:
- Canada (4.5 tons)
- Singapore (3.7 tons)
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