Price for Vegetable Saps and Extracts; Opium in Vietnam - 2022

Contents:

1. Price for Vegetable Saps and Extracts; Opium in Vietnam (CIF) - 2022
2. Price for Vegetable Saps and Extracts; Opium in Vietnam (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; Opium in Vietnam
4. Exports of Vegetable Saps and Extracts; Opium in Vietnam

Price for Vegetable Saps and Extracts; Opium in Vietnam (CIF) - 2022

The average import price for vegetable saps and extracts; opia stood at $5,018 per ton in 2022, waning by -69.9% against the previous year. Over the period under review, the import price faced a dramatic descent. The most prominent rate of growth was recorded in 2017 an increase of 22%. As a result, import price reached the peak level of $145,188 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($13,056 per ton) and South Korea ($13,041 per ton), while the price for China ($13,005 per ton) and Norway ($13,010 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+300.8%), while the prices for the other major suppliers experienced a decline.

Price for Vegetable Saps and Extracts; Opium in Vietnam (FOB) - 2022

In 2021, the average export price for vegetable saps and extracts; opia amounted to $4,000 per ton, with a decrease of -82.6% against the previous year. Over the period under review, the export price continues to indicate a significant curtailment. The most prominent rate of growth was recorded in 2020 a decrease of -66.7%. The export price peaked at $69,000 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2019 to 2021, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.

Imports of Vegetable Saps and Extracts; Opium in Vietnam

In 2022, the amount of vegetable saps and extracts; opia imported into Vietnam dropped rapidly to 2.1 tons, which is down by -36% on the previous year's figure. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 6,933% against the previous year. As a result, imports attained the peak of 3.2 tons, and then fell significantly in the following year.

In value terms, vegetable saps and extracts; opium imports shrank sharply to $27K in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 3,999%. As a result, imports attained the peak of $54K, and then shrank significantly in the following year.

Top Suppliers of Vegetable Saps and Extracts; Opium to Vietnam in 2022:

1. South Korea (1687.0 kg)
2. China (190.0 kg)
3. Norway (102.0 kg)
4. Japan (90.0 kg)

Exports of Vegetable Saps and Extracts; Opium in Vietnam

In 2021, the amount of vegetable saps and extracts; opia exported from Vietnam amounted to 6 kg, approximately equating 2020. In general, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, vegetable saps and extracts; opium exports amounted to $24 in 2021. Overall, exports showed a sharp decline. The smallest decline of 99.9% was in 2020.

Top Export Markets for Vegetable Saps and Extracts; Opium from Vietnam in 2022:

1. Denmark (6.0 kg)

Source: IndexBox Market Intelligence Platform