Selenium Price in Vietnam - 2022
Contents:
- Selenium Price in Vietnam (CIF) - 2022
- Selenium Price in Vietnam (FOB) - 2022
- Selenium Imports in Vietnam
- Selenium Exports in Vietnam
Selenium Price in Vietnam (CIF) - 2022
In 2022, the average selenium import price amounted to $21,884 per ton, dropping by -1.6% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs at $115,233 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($45,956 per ton), while the price for Hong Kong SAR ($7,576 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-6.4%), while the prices for the other major suppliers experienced a decline.
Selenium Price in Vietnam (FOB) - 2022
In 2022, the average selenium export price amounted to $48,494 per ton, declining by -15.7% against the previous year. Over the period under review, the export price, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 113%. As a result, the export price attained the peak level of $57,493 per ton, and then reduced sharply in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($48,759 per ton), while the average price for exports to Lao People's Democratic Republic totaled $37,900 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+27.1%).
Selenium Imports in Vietnam
In 2022, approx. 21 tons of selenia were imported into Vietnam; rising by 51% on 2021 figures. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.1% against 2020 indices.
In value terms, selenium imports skyrocketed to $469K in 2022. Over the period under review, imports, however, showed a abrupt descent.
| Import of Selenium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 278 | 287 | 100 | 219 | -7.6% |
| Colombia | 188 | 19.2 | 56.0 | 88.4 | -22.2% |
| South Korea | 72.4 | 66.9 | 46.0 | 53.7 | -9.5% |
| Hong Kong SAR | 31.8 | 24.0 | 35.5 | 46.2 | 13.3% |
| China | 3.7 | 34.5 | 28.6 | 18.7 | 71.6% |
| Japan | 79.7 | 26.5 | 7.6 | 15.9 | -41.6% |
| Philippines | 13.3 | 6.5 | 6.5 | 8.9 | -12.5% |
| United Kingdom | 6.9 | 6.0 | 3.9 | 4.3 | -14.6% |
| Germany | 59.3 | 142 | 22.0 | 0.4 | -81.1% |
| Others | 19.0 | 8.7 | 9.5 | 12.9 | -12.1% |
| Total | 752 | 622 | 316 | 469 | -14.6% |
Top Suppliers of Selenium to Vietnam in 2022:
- Singapore (7.1 tons)
- Hong Kong SAR (6.1 tons)
- South Korea (2.5 tons)
- Colombia (1.9 tons)
- China (1.6 tons)
- Philippines (0.8 tons)
- Japan (0.6 tons)
- United Kingdom (0.3 tons)
- Germany (0.1 tons)
Selenium Exports in Vietnam
In 2022, overseas shipments of selenia decreased by -33.8% to 176 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 303%. As a result, the exports attained the peak of 266 kg, and then reduced notably in the following year.
In value terms, selenium exports dropped remarkably to $8.5K in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 757%. As a result, the exports attained the peak of $15K, and then declined significantly in the following year.
| Export of Selenium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.8 | 0.9 | 15.0 | 8.4 | 119.0% |
| Lao People's Democratic Republic | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
| El Salvador | N/A | 0.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.9 | 1.8 | 15.3 | 8.5 | 111.4% |
Top Export Markets for Selenium from Vietnam in 2022:
- Singapore (172.0 kg)
- Lao People's Democratic Republic (4.0 kg)
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