Price for Sodium Sulphates; Disodium Sulphate in Vietnam - 2022
Contents:
- Price for Sodium Sulphates; Disodium Sulphate in Vietnam (CIF) - 2022
- Price for Sodium Sulphates; Disodium Sulphate in Vietnam (FOB) - 2022
- Imports of Sodium Sulphates; Disodium Sulphate in Vietnam
- Exports of Sodium Sulphates; Disodium Sulphate in Vietnam
Price for Sodium Sulphates; Disodium Sulphate in Vietnam (CIF) - 2022
In 2022, the average sodium sulphates; disodium sulphate import price amounted to $147 per ton, declining by -4.5% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium sulphates; disodium sulphate import price increased by +4.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 78%. Over the period under review, average import prices hit record highs at $154 per ton in 2021, and then fell in the following year.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.5% per year.
Price for Sodium Sulphates; Disodium Sulphate in Vietnam (FOB) - 2022
In 2022, the average sodium sulphates; disodium sulphate export price amounted to $104 per ton, shrinking by -39.9% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 52%. As a result, the export price attained the peak level of $212 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($358 per ton), while the average price for exports to Cambodia ($78 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (-5.2%), while the prices for the other major destinations experienced a decline.
Imports of Sodium Sulphates; Disodium Sulphate in Vietnam
In 2022, approx. 280K tons of sodium sulphates; disodium sulphates were imported into Vietnam; rising by 3.5% on 2021 figures. Overall, imports, however, showed a slight downturn.
In value terms, sodium sulphates; disodium sulphate imports dropped to $41M in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 2.4%. As a result, imports attained the peak of $42M, and then contracted in the following year.
| Import of Sodium Sulphates; Disodium Sulphate in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.5 | 40.0 | 40.9 | 40.4 | -0.1% |
| Others | 1.1 | 0.6 | 0.7 | 0.8 | -10.1% |
| Total | 41.6 | 40.6 | 41.6 | 41.1 | -0.4% |
Top Suppliers of Sodium Sulphates; Disodium Sulphate to Vietnam in 2022:
- China (276.8K tons)
Exports of Sodium Sulphates; Disodium Sulphate in Vietnam
Sodium sulphates; disodium sulphate exports from Vietnam skyrocketed to 92 tons in 2022, jumping by 59% compared with 2021. Over the period under review, exports, however, continue to indicate a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 252% against the previous year. As a result, the exports attained the peak of 3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sodium sulphates; disodium sulphate exports shrank to $9.6K in 2022. In general, exports, however, saw a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 303%. As a result, the exports reached the peak of $355K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Sodium Sulphates; Disodium Sulphate in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 32.5 | 56.5 | 3.5 | 6.3 | -42.1% |
| Malaysia | 7.9 | 11.7 | 6.5 | 2.0 | -36.7% |
| South Korea | 10.0 | 7.3 | N/A | 1.3 | -49.3% |
| Sri Lanka | N/A | 50.7 | N/A | N/A | 0% |
| India | N/A | 171 | N/A | N/A | 0% |
| Bangladesh | 37.6 | N/A | N/A | N/A | 0% |
| Lao People's Democratic Republic | N/A | 56.9 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 88.0 | 355 | 10.0 | 9.6 | -52.2% |
Top Export Markets for Sodium Sulphates; Disodium Sulphate from Vietnam in 2022:
- Cambodia (80.6 tons)
- South Korea (5.7 tons)
- Malaysia (5.6 tons)
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