Non-Liquid Margarine Price in Vietnam - 2021

Contents:

1. Non-Liquid Margarine Price in Vietnam (CIF) - 2022
2. Non-Liquid Margarine Price in Vietnam (FOB) - 2022
3. Non-Liquid Margarine Imports in Vietnam
4. Non-Liquid Margarine Exports in Vietnam

Non-Liquid Margarine Price in Vietnam (CIF) - 2022

The average non-liquid margarine import price stood at $1,399 per ton in 2022, reducing by -7.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $1,549 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($3,126 per ton), while the price for Hong Kong SAR ($104 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Price in Vietnam (FOB) - 2022

The average non-liquid margarine export price stood at $1,319 per ton in 2022, declining by -12.6% against the previous year. Over the period under review, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum at $1,661 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,364 per ton), while the average price for exports to Bangladesh ($984 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 the United States (+0.9%), while the prices for the other major destinations experienced a decline.

Non-Liquid Margarine Imports in Vietnam

Non-liquid margarine imports into Vietnam reduced modestly to 2K tons in 2022, declining by -4.6% against 2021. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 13%.

In value terms, non-liquid margarine imports dropped to $2.8M in 2022. Over the period under review, imports continue to indicate a slight descent. The growth pace was the most rapid in 2021 when imports increased by 30%. As a result, imports reached the peak of $3.1M, and then contracted in the following year.

Top Suppliers of Non-Liquid Margarine to Vietnam in 2022:

1. Hong Kong SAR (866.6 tons)
2. Singapore (432.1 tons)
3. China (149.5 tons)
4. Malaysia (144.4 tons)
5. Australia (85.8 tons)
6. Indonesia (73.7 tons)
7. New Zealand (68.3 tons)
8. Belgium (41.7 tons)

Non-Liquid Margarine Exports in Vietnam

In 2022, shipments abroad of non-liquid margarine was finally on the rise to reach 1.7K tons after two years of decline. Overall, exports, however, showed a deep downturn.

In value terms, non-liquid margarine exports surged to $2.2M in 2022. Over the period under review, exports, however, continue to indicate a abrupt decrease.

Top Export Markets for Non-Liquid Margarine from Vietnam in 2022:

1. Cambodia (1497.9 tons)
2. United States (149.5 tons)
3. Bangladesh (28.0 tons)

Source: IndexBox Market Intelligence Platform