Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Vietnam - 2022

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Vietnam (CIF) - 2022
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Vietnam (FOB) - 2022
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Vietnam
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Vietnam

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Vietnam (CIF) - 2022

In 2022, the average import price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $16,621 per ton, growing by 28% against the previous year. In general, the import price posted resilient growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 61%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Norway ($16,621 per ton) and Japan ($16,621 per ton), while the price for South Korea ($16,620 per ton) and Thailand ($16,620 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Vietnam (FOB) - 2022

In 2022, the average export price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $15,034 per ton, approximately mirroring the previous year. In general, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2015 when the average export price decreased by -11.8% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2013 to 2022, the rate of growth in terms of prices for the Philippines amounted to -4.1% per year.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Vietnam

In 2022, imports of polymers, natural; alginic acid, its salts and esters, in primary formses into Vietnam reached 363 tons, increasing by 6.2% compared with 2021. Over the period under review, imports, however, saw a abrupt decline.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses skyrocketed to $6M in 2022. In general, imports, however, recorded a abrupt decrease.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Vietnam in 2022:

1. China (139.6 tons)
2. Japan (120.1 tons)
3. Thailand (34.4 tons)
4. Norway (27.9 tons)
5. Malaysia (14.1 tons)
6. South Korea (9.6 tons)
7. France (6.0 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Vietnam

In 2022, shipments abroad of polymers, natural; alginic acid, its salts and esters, in primary formses decreased by 0% to 2.4 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant decline. The smallest decline of 99.9% was in 2020.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses stood at $35K in 2022. In general, exports recorded a sharp curtailment. The smallest decline of 99.9% was in 2020.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Vietnam in 2022:

1. Thailand (2.4 tons)

Source: IndexBox Market Intelligence Platform