Silicates; Sodium Metasilicates Price in Vietnam - 2021

Contents:

1. Silicates; Sodium Metasilicates Price in Vietnam (CIF) - 2022
2. Silicates; Sodium Metasilicates Price in Vietnam (FOB) - 2022
3. Silicates; Sodium Metasilicates Imports in Vietnam
4. Silicates; Sodium Metasilicates Exports in Vietnam

Silicates; Sodium Metasilicates Price in Vietnam (CIF) - 2022

In 2022, the average silicates; sodium metasilicates import price amounted to $577 per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2014 an increase of 43% against the previous year. Over the period under review, average import prices reached the peak figure at $580 per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($1,414 per ton), while the price for China ($499 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Silicates; Sodium Metasilicates Price in Vietnam (FOB) - 2022

In 2022, the average silicates; sodium metasilicates export price amounted to $713 per ton, surging by 4.1% against the previous year. Overall, the export price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 41%. The export price peaked at $1,682 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($2,265 per ton), while the average price for exports to Cambodia ($543 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 (+0.1%), while the prices for the other major destinations experienced a decline.

Silicates; Sodium Metasilicates Imports in Vietnam

In 2022, the amount of silicates; sodium metasilicateses imported into Vietnam was estimated at 1.2K tons, standing approx. at 2021. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. As a result, imports reached the peak of 1.2K tons; afterwards, it flattened through to 2022.

In value terms, silicates; sodium metasilicates imports amounted to $690K in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 25% against the previous year. As a result, imports reached the peak of $695K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Silicates; Sodium Metasilicates to Vietnam in 2022:

1. China (1000.2 tons)
2. Taiwan (Chinese) (139.2 tons)
3. Japan (26.5 tons)
4. Netherlands (13.2 tons)

Silicates; Sodium Metasilicates Exports in Vietnam

In 2022, after three years of growth, there was significant decline in shipments abroad of silicates; sodium metasilicateses, when their volume decreased by -7.9% to 3.9 tons. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of 4.3 tons, and then declined in the following year.

In value terms, silicates; sodium metasilicates exports shrank slightly to $2.8K in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 9% against the previous year.

Top Export Markets for Silicates; Sodium Metasilicates from Vietnam in 2022:

1. Cambodia (3.5 tons)
2. Indonesia (0.3 tons)
3. Lao People's Democratic Republic (0.1 tons)

Source: IndexBox Market Intelligence Platform