Sulphites; of Sodium Price in Vietnam - 2022

Contents:

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

Sulphites; of Sodium Price in Vietnam (CIF) - 2022

In 2022, the average sulphites; of sodium import price amounted to $815 per ton, surging by 46% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; of sodium import price increased by +83.9% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($815 per ton) and Japan ($815 per ton), while the price for China ($815 per ton) and South Korea ($815 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Price in Vietnam (FOB) - 2022

The average sulphites; of sodium export price stood at $594 per ton in 2022, growing by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($594 per ton), while the average price for exports to Cambodia ($594 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 (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites; of Sodium Imports in Vietnam

In 2022, supplies from abroad of sulphites; of sodia decreased by -34.3% to 5.8K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 13%. As a result, imports attained the peak of 9K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphites; of sodium imports dropped slightly to $4.7M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $4.9M, and then contracted slightly in the following year.

Top Suppliers of Sulphites; of Sodium to Vietnam in 2022:

1. China (2159.1 tons)
2. Thailand (1478.4 tons)
3. Italy (1351.9 tons)
4. Germany (389.1 tons)
5. South Korea (143.1 tons)
6. Japan (141.7 tons)

Sulphites; of Sodium Exports in Vietnam

In 2022, approx. 70 tons of sulphites; of sodia were exported from Vietnam; with a decrease of -24% compared with 2021 figures. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 466%.

In value terms, sulphites; of sodium exports stood at $41K in 2022. In general, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 483% against the previous year.

Top Export Markets for Sulphites; of Sodium from Vietnam in 2022:

1. Cambodia (34.2 tons)
2. Bangladesh (29.2 tons)
3. Lao People's Democratic Republic (6.4 tons)

Source: IndexBox Market Intelligence Platform