Vietnam - Borates, Peroxoborates (Perborates) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBorates and Perborates Price in Vietnam - 2021
Contents:
- Borates and Perborates Price in Vietnam (CIF) - 2021
- Borates and Perborates Price in Vietnam (FOB) - 2022
- Borates and Perborates Imports in Vietnam
- Borates and Perborates Exports in Vietnam
Borates and Perborates Price in Vietnam (CIF) - 2021
In December 2021, the average borates and perborates import price amounted to $666 per ton, jumping by 16% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in January 2021 when the average import price increased by 35% against the previous month. The import price peaked at $712 per ton in May 2021; however, from June 2021 to December 2021, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the country with the highest price was Turkey ($741 per ton), while the price for the United States totaled $562 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.4%).
Borates and Perborates Price in Vietnam (FOB) - 2022
In 2022, the average borates and perborates export price amounted to $1,969 per ton, leveling off at the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, borates and perborates export price decreased by -5.6% against 2018 indices. The growth pace was the most rapid in 2015 when the average export price increased by 23%. Over the period under review, the average export prices attained the peak figure at $2,085 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.
From 2012 to 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +4.2% per year.
Borates and Perborates Imports in Vietnam
In 2022, approx. 3.9K tons of borates, peroxoborates (perborates) were imported into Vietnam; which is down by -71% compared with the year before. Over the period under review, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of 13K tons, and then fell rapidly in the following year.
In value terms, borates and perborates imports dropped rapidly to $3.1M in 2022. Overall, imports recorded a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $8.1M, and then declined rapidly in the following year.
| Import of Borates and Perborates in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 4.0 | 3.4 | 1.4 | -30.1% |
| Turkey | 1.4 | 0.9 | 3.6 | 1.3 | -2.4% |
| China | 0.3 | 0.4 | 0.5 | 0.2 | -12.6% |
| Argentina | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 0.2 | 0.2 | 0.5 | 0.2 | 0.0% |
| Total | 6.2 | 5.7 | 8.1 | 3.1 | -20.6% |
Top Suppliers of Borates and Perborates to Vietnam in 2022:
- United States (2151.8 tons)
- Turkey (1564.5 tons)
- Argentina (61.6 tons)
- China (60.3 tons)
Borates and Perborates Exports in Vietnam
For the third consecutive year, Vietnam recorded decline in shipments abroad of borates, peroxoborates (perborates), which decreased by -0.2% to 45 tons in 2022. Overall, exports saw a relatively flat trend pattern.
In value terms, borates and perborates exports totaled $88K in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 1.5% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Borates and Perborates in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 84.7 | 33.8 | 24.4 | 88.3 | 1.4% |
| Cambodia | N/A | 52.0 | 58.6 | N/A | 12.7% |
| Others | N/A | N/A | 4.1 | N/A | 0% |
| Total | 84.7 | 85.8 | 87.1 | 88.3 | 1.4% |
Top Export Markets for Borates and Perborates from Vietnam in 2022:
- Lao People's Democratic Republic (44.8 tons)
This report provides an in-depth analysis of the borates and perborates market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20136230 - Borates, peroxoborates (perborates)
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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