Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam - 2022
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam (CIF) - 2022
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $812 per ton in December 2022, falling by -8.3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 19% against the previous month. The import price peaked at $1,469 per ton in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Malaysia ($919 per ton) and South Korea ($837 per ton), while the price for China ($793 per ton) and Singapore ($804 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 Malaysia (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam (FOB) - 2022
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $907 per ton in December 2022, growing by 2.5% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when the average export price increased by 16% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,316 per ton in June 2022; however, from July 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In December 2022, the country with the highest price was Lao People's Democratic Republic ($930 per ton), while the average price for exports to Cambodia amounted to $828 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (0.0%).
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam
After two years of decline, supplies from abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s increased by 123% to 2M tons in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $2.1B in 2022. Over the period under review, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 79.7 | 82.9 | 200 | 792 | 115.0% |
| South Korea | 1,207 | 590 | 319 | 633 | -19.4% |
| Malaysia | 6.3 | 7.8 | 42.5 | 300 | 262.5% |
| China | 4.7 | 10.4 | 1.6 | 188 | 242.0% |
| Japan | 8.9 | 0.3 | 0.5 | 99.1 | 123.3% |
| Thailand | 6.6 | 7.1 | 20.8 | 49.5 | 95.7% |
| Others | 33.7 | 9.0 | 29.0 | 29.1 | -4.8% |
| Total | 1,347 | 707 | 614 | 2,091 | 15.8% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Vietnam in 2022:
- Singapore (763.8K tons)
- South Korea (585.2K tons)
- Malaysia (294.9K tons)
- China (231.3K tons)
- Japan (90.8K tons)
- Thailand (48.4K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam
In 2022, the amount of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s exported from Vietnam dropped rapidly to 256K tons, with a decrease of -38.9% against the previous year. In general, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 114%. As a result, the exports reached the peak of 420K tons, and then contracted dramatically in the following year.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s fell to $259M in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 207%. As a result, the exports reached the peak of $294M, and then reduced in the following year.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 115 | 87.2 | 111 | 202 | 20.7% |
| Lao People's Democratic Republic | 16.6 | 4.4 | 2.7 | 56.9 | 50.8% |
| Malaysia | N/A | N/A | 81.5 | N/A | 0% |
| Singapore | N/A | 4.2 | 99.2 | N/A | 2261.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 131 | 95.8 | 294 | 259 | 25.5% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Vietnam in 2022:
- Cambodia (195.5K tons)
- Lao People's Democratic Republic (60.9K tons)
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