Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam - 2022
Contents:
- Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam (CIF) - 2022
- Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam (FOB) - 2022
- Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam
- Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam
Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam (CIF) - 2022
In December 2022, the average import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $2,067 per ton, approximately equating the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 53% m-o-m. The import price peaked at $2,294 per ton in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($3,366 per ton), while the price for Tunisia ($1,332 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam (FOB) - 2022
In December 2022, the average export price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $2,083 per ton, surging by 4.6% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices reached the peak figure at $2,131 per ton in October 2022; afterwards, it flattened through to December 2022.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was India ($2,556 per ton), while the average price for exports to Sri Lanka ($1,265 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam
In 2022, overseas purchases of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses decreased by -15.7% to 124K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year.
In value terms, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses expanded remarkably to $128M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.1 | 47.3 | 78.7 | 87.5 | 26.6% |
| Thailand | 16.5 | 17.4 | 21.8 | 24.0 | 13.3% |
| Serbia | 0.7 | 1.9 | 1.4 | 2.3 | 48.7% |
| United States | 2.1 | 2.3 | 1.6 | 1.6 | -8.7% |
| Malaysia | 3.1 | 4.1 | 0.6 | 0.5 | -45.6% |
| Others | 9.9 | 10.5 | 10.8 | 12.1 | 6.9% |
| Total | 75.4 | 83.4 | 115 | 128 | 19.3% |
Top Suppliers of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates to Vietnam in 2022:
- China (99.8K tons)
- Thailand (11.1K tons)
- Serbia (4.4K tons)
- United States (1.2K tons)
- Malaysia (0.2K tons)
Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam
In 2022, approx. 16K tons of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses were exported from Vietnam; with an increase of 2.2% against the year before. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% 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 +44.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses totaled $31M in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.0 | 4.0 | 6.5 | 10.7 | -6.3% |
| Malaysia | 1.2 | 1.5 | 3.3 | 3.9 | 48.1% |
| Indonesia | 0.5 | 0.7 | 2.2 | 2.7 | 75.4% |
| India | 5.3 | 4.0 | 1.3 | 2.4 | -23.2% |
| Canada | 2.6 | 8.3 | 9.4 | 2.3 | -4.0% |
| Nigeria | 0.5 | 0.7 | 0.3 | 1.2 | 33.9% |
| Myanmar | N/A | 0.1 | 2.4 | 1.1 | 231.7% |
| Taiwan (Chinese) | 0.1 | 0.5 | 0.5 | 0.9 | 108.0% |
| Bangladesh | 1.0 | 0.4 | 0.7 | 0.8 | -7.2% |
| South Korea | N/A | N/A | 0.8 | 0.8 | 0.0% |
| Thailand | 0.5 | 0.6 | 0.7 | 0.6 | 6.3% |
| Pakistan | N/A | N/A | 0.4 | 0.5 | 25.0% |
| Sri Lanka | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Others | 1.3 | 1.5 | 1.3 | 2.6 | 26.0% |
| Total | 26.3 | 22.5 | 30.2 | 30.6 | 5.2% |
Top Export Markets for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates from Vietnam in 2022:
- Japan (4.7K tons)
- Malaysia (2.3K tons)
- Indonesia (1.6K tons)
- India (1.4K tons)
- Canada (0.9K tons)
- Nigeria (0.7K tons)
- Taiwan (Chinese) (0.6K tons)
- Myanmar (0.6K tons)
- Bangladesh (0.5K tons)
- South Korea (0.5K tons)
- Pakistan (0.3K tons)
- Thailand (0.3K tons)
- Sri Lanka (0.2K tons)
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