Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Vietnam - 2022

Contents:

1. Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Vietnam (CIF) - 2022
2. Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Vietnam (FOB) - 2022
3. Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Vietnam
4. Exports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Vietnam

Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Vietnam (CIF) - 2022

In 2022, the average import price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses amounted to $2,309 per ton, picking up by 33% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 34%. Over the period under review, average import prices reached the peak figure at $2,767 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,309 per ton), while the price for India ($2,309 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Vietnam (FOB) - 2022

The average export price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses stood at $1,393 per ton in 2022, growing by 2% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 79% against the previous year. As a result, the export price attained the peak level of $3,290 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($1,393 per ton), while the average price for exports to Cambodia amounted to $1,393 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (-4.1%).

Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Vietnam

In 2022, after three years of growth, there was decline in supplies from abroad of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses, when their volume decreased by -4.1% to 2.9K tons. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 101%. As a result, imports reached the peak of 3K tons, and then declined modestly in the following year.

In value terms, imports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses skyrocketed to $6.7M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters to Vietnam in 2022:

1. China (2455.9 tons)
2. Taiwan (Chinese) (364.4 tons)
3. India (63.2 tons)

Exports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in Vietnam

In 2022, overseas shipments of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses decreased by -24.5% to 6.7 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 178%. As a result, the exports reached the peak of 8.8 tons, and then dropped dramatically in the following year.

In value terms, exports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses reduced markedly to $9.3K in 2022. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 78% against the previous year. As a result, the exports reached the peak of $12K, and then reduced rapidly in the following year.

Top Export Markets for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters from Vietnam in 2022:

1. Bangladesh (5.2 tons)
2. Cambodia (1.4 tons)

Source: IndexBox Market Intelligence Platform