Price for Vanadium Oxides and Hydroxides in Vietnam - 2022
Contents:
- Price for Vanadium Oxides and Hydroxides in Vietnam (CIF) - 2022
- Price for Vanadium Oxides and Hydroxides in Vietnam (FOB) - 2022
- Imports of Vanadium Oxides and Hydroxides in Vietnam
- Exports of Vanadium Oxides and Hydroxides in Vietnam
Price for Vanadium Oxides and Hydroxides in Vietnam (CIF) - 2022
In 2022, the average vanadium oxides and hydroxides import price amounted to $18,710 per ton, jumping by 61% against the previous year. Over the period under review, the import price continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 599% against the previous year. As a result, import price reached the peak level of $32,317 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($67,180 per ton), while the price for Hong Kong SAR ($15,867 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vanadium Oxides and Hydroxides in Vietnam (FOB) - 2022
The average vanadium oxides and hydroxides export price stood at $31,254 per ton in 2022, increasing by 3.5% against the previous year. Over the period under review, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 77%. Over the period under review, the average export prices hit record highs at $31,874 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($31,297 per ton), while the average price for exports to China totaled $31,252 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+60.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vanadium Oxides and Hydroxides in Vietnam
Vanadium oxides and hydroxides imports into Vietnam shrank remarkably to 6.8 tons in 2022, reducing by -42.5% on the previous year's figure. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 112% against the previous year. As a result, imports attained the peak of 12 tons, and then declined remarkably in the following year.
In value terms, vanadium oxides and hydroxides imports declined to $127K in 2022. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
| Import of Vanadium Oxides and Hydroxides in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 107 | 76.7 | 57.0 | 94.5 | -4.1% |
| China | 36.0 | 22.5 | 16.2 | 22.5 | -14.5% |
| Denmark | 11.7 | 2.3 | 4.3 | 6.0 | -20.0% |
| South Africa | N/A | N/A | 54.8 | N/A | 0% |
| Others | 21.5 | 15.1 | 4.7 | 3.8 | -43.9% |
| Total | 176 | 117 | 137 | 127 | -10.3% |
Top Suppliers of Vanadium Oxides and Hydroxides to Vietnam in 2022:
- Hong Kong SAR (6.0 tons)
- China (0.6 tons)
- Denmark (0.1 tons)
Exports of Vanadium Oxides and Hydroxides in Vietnam
In 2022, vanadium oxides and hydroxides exports from Vietnam skyrocketed to 4.6 tons, surging by 34% on the year before. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year. As a result, the exports attained the peak of 5.7 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, vanadium oxides and hydroxides exports surged to $143K in 2022. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 115% against the previous year. As a result, the exports reached the peak of $183K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Vanadium Oxides and Hydroxides in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 62.5 | 183 | 103 | 136 | 29.6% |
| South Korea | 0.8 | N/A | N/A | 7.2 | 108.0% |
| Thailand | 20.3 | N/A | N/A | N/A | 0% |
| Others | 1.3 | N/A | N/A | N/A | 0% |
| Total | 84.9 | 183 | 103 | 143 | 19.0% |
Top Export Markets for Vanadium Oxides and Hydroxides from Vietnam in 2022:
- China (4.3 tons)
- South Korea (0.2 tons)
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