Price for Poly(Lactic Acid); in Primary Forms in Vietnam - 2021
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in Vietnam (CIF) - 2022
- Price for Poly(Lactic Acid); in Primary Forms in Vietnam (FOB) - 2022
- Imports of Poly(Lactic Acid); in Primary Forms in Vietnam
- Exports of Poly(Lactic Acid); in Primary Forms in Vietnam
Price for Poly(Lactic Acid); in Primary Forms in Vietnam (CIF) - 2022
The average import price for poly(lactic acid); in primary formses stood at $3,939 per ton in 2022, with a decrease of -1.8% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poly(lactic acid); in primary forms import price increased by +48.0% against 2013 indices. The pace of growth was the most pronounced in 2017 an increase of 24% against the previous year. The import price peaked at $4,012 per ton in 2021, and then dropped in the following year.
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 Hong Kong SAR ($8,282 per ton), while the price for Thailand ($3,659 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Poly(Lactic Acid); in Primary Forms in Vietnam (FOB) - 2022
The average export price for poly(lactic acid); in primary formses stood at $1,446 per ton in 2022, falling by -12.9% against the previous year. Over the period under review, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 81% against the previous year. The export price peaked at $5,748 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +29.3% per year.
Imports of Poly(Lactic Acid); in Primary Forms in Vietnam
In 2022, supplies from abroad of poly(lactic acid); in primary formses increased by 8.4% to 3.1 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep downturn.
In value terms, poly(lactic acid); in primary forms imports rose remarkably to $12K in 2022. Over the period under review, imports, however, recorded a drastic downturn.
| Import of Poly(Lactic Acid); in Primary Forms in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.1 | 4.5 | 4.7 | 9.3 | 103.7% |
| Hong Kong SAR | 2.8 | 1.8 | 1.1 | 1.4 | -20.6% |
| Taiwan (Chinese) | 3.6 | 1.7 | 0.7 | 0.9 | -37.0% |
| Japan | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Canada | 6.0 | 2.6 | 0.8 | 0.2 | -67.8% |
| Spain | N/A | N/A | 3.8 | N/A | 0% |
| Others | 1.0 | 2.1 | 0.1 | 0.1 | -53.6% |
| Total | 14.5 | 12.9 | 11.4 | 12.2 | -5.6% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to Vietnam in 2022:
- Thailand (2531.0 kg)
- Taiwan (Chinese) (243.0 kg)
- Hong Kong SAR (167.0 kg)
- Japan (65.0 kg)
- Canada (52.0 kg)
Exports of Poly(Lactic Acid); in Primary Forms in Vietnam
In 2022, overseas shipments of poly(lactic acid); in primary formses increased by 20% to 1.1 tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, poly(lactic acid); in primary forms exports rose slightly to $1.6K in 2022. Overall, exports, however, saw a perceptible descent.
| Export of Poly(Lactic Acid); in Primary Forms in Vietnam (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,674 | 116 | 331 | 1,627 | -0.9% |
| United States | 24.0 | N/A | 1,035 | N/A | 556.7% |
| Taiwan (Chinese) | N/A | 1,579 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 185 | N/A | 0% |
| Canada | 156 | N/A | 5.0 | N/A | -82.1% |
| Others | N/A | 3.0 | N/A | N/A | 0% |
| Total | 1,854 | 1,698 | 1,556 | 1,627 | -4.3% |
Top Export Markets for Poly(Lactic Acid); in Primary Forms from Vietnam in 2022:
- China (1.1 tons)
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