Nucleic Acids Price in Vietnam - 2022
Contents:
- Nucleic Acids Price in Vietnam (CIF) - 2022
- Nucleic Acids Price in Vietnam (FOB) - 2022
- Nucleic Acids Imports in Vietnam
- Nucleic Acids Exports in Vietnam
Nucleic Acids Price in Vietnam (CIF) - 2022
The average nucleic acids import price stood at $10,703 per ton in 2022, surging by 2.4% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nucleic acids import price increased by +24.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 30%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
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 Thailand ($158,424 per ton), while the price for South Korea ($2,987 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Nucleic Acids Price in Vietnam (FOB) - 2022
In 2022, the average nucleic acids export price amounted to $983 per ton, declining by -8.5% against the previous year. Overall, the export price faced a dramatic contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 213% against the previous year. Over the period under review, the average export prices reached the maximum at $12,495 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($1,224 per ton), while the average price for exports to Singapore ($331 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 Indonesia (+57.5%), while the prices for the other major destinations experienced more modest paces of growth.
Nucleic Acids Imports in Vietnam
In 2022, supplies from abroad of nucleic acids and their salts decreased by -15.8% to 9K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year.
In value terms, nucleic acids imports contracted to $96M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports reached the peak of $112M, and then declined in the following year.
| Import of Nucleic Acids in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.6 | 32.5 | 40.1 | 51.0 | 27.5% |
| Indonesia | 10.4 | 14.7 | 23.7 | 12.3 | 5.8% |
| Thailand | 15.1 | 14.8 | 19.3 | 10.9 | -10.3% |
| Japan | 0.3 | 0.3 | 0.3 | 2.3 | 97.2% |
| South Korea | 0.5 | 0.7 | 0.8 | 0.5 | 0.0% |
| Others | 20.7 | 17.6 | 27.4 | 19.2 | -2.5% |
| Total | 71.7 | 80.7 | 112 | 96.1 | 10.3% |
Top Suppliers of Nucleic Acids to Vietnam in 2022:
- China (7.2K tons)
- Indonesia (0.9K tons)
- South Korea (0.2K tons)
- Thailand (0.1K tons)
- Japan (0.1K tons)
Nucleic Acids Exports in Vietnam
In 2022, the amount of nucleic acids and their salts exported from Vietnam soared to 54 tons, jumping by 23% against the previous year's figure. The total export volume increased at an average annual rate of +13.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nucleic acids exports stood at $53K in 2022. In general, exports, however, continue to indicate a slight descent.
| Export of Nucleic Acids in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.8 | 17.7 | 9.1 | 29.1 | 15.7% |
| Thailand | 9.7 | 8.8 | 3.6 | 9.6 | -0.3% |
| Singapore | 7.3 | 3.3 | 2.4 | 7.3 | 0.0% |
| United States | N/A | N/A | 13.4 | 0.1 | -99.3% |
| Taiwan (Chinese) | N/A | 20.7 | 13.3 | N/A | -35.7% |
| Others | 19.4 | 8.7 | 5.4 | 7.1 | -28.5% |
| Total | 55.1 | 59.3 | 47.2 | 53.2 | -1.2% |
Top Export Markets for Nucleic Acids from Vietnam in 2022:
- China (23.8 tons)
- Singapore (22.1 tons)
- Thailand (7.8 tons)
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This report provides an in-depth analysis of the nucleic acid market in Vietnam.
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This report provides an in-depth analysis of the nucleic acid market in Vietnam.
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