Vietnam - O-Acetylsalicylic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Vietnam - O-Acetylsalicylic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights

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O-Acetylsalicylic Acid Price in Vietnam - 2021

Contents:

  1. O-Acetylsalicylic Acid Price in Vietnam (CIF) - 2022
  2. O-Acetylsalicylic Acid Price in Vietnam (FOB) - 2022
  3. O-Acetylsalicylic Acid Imports in Vietnam
  4. O-Acetylsalicylic Acid Exports in Vietnam

O-Acetylsalicylic Acid Price in Vietnam (CIF) - 2022

The average o-acetylsalicylic acid import price stood at $2,644 per ton in 2022, waning by -33.8% against the previous year. Overall, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2019 an increase of 14% against the previous year. As a result, import price attained the peak level of $5,208 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($6,612 per ton), while the price for France ($2,430 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the prices for the other major suppliers experienced a decline.

O-Acetylsalicylic Acid Price in Vietnam (FOB) - 2022

In 2022, the average o-acetylsalicylic acid export price amounted to $5,123 per ton, almost unchanged from the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, o-acetylsalicylic acid export price increased by +111.8% against 2012 indices. The most prominent rate of growth was recorded in 2013 an increase of 55%. The export price peaked at $5,142 per ton in 2021, and then reduced in the following year.

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 +7.8% per year.

O-Acetylsalicylic Acid Imports in Vietnam

In 2022, imports of o-acetylsalicylic acid, its salts and esters into Vietnam surged to 82 tons, jumping by 22% against the previous year's figure. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, o-acetylsalicylic acid imports contracted significantly to $217K in 2022. In general, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.6% 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 +31.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of $270K, and then reduced sharply in the following year.

Import of O-Acetylsalicylic Acid in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand16091.9188151-1.9%
China25.941.245.436.612.2%
France11.627.729.323.626.7%
Others3.44.07.35.819.5%
Total2011652702172.6%

Top Suppliers of O-Acetylsalicylic Acid to Vietnam in 2022:

  1. Thailand (62.3 tons)
  2. France (9.7 tons)
  3. China (9.3 tons)

O-Acetylsalicylic Acid Exports in Vietnam

In 2022, overseas shipments of o-acetylsalicylic acid, its salts and esters were finally on the rise to reach 702 kg after two years of decline. Overall, exports, however, recorded a slight contraction.

In value terms, o-acetylsalicylic acid exports stood at $3.6K in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern.

Export of O-Acetylsalicylic Acid in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lao People's Democratic Republic3.63.63.63.60.0%
OthersN/AN/AN/AN/A0%
Total3.63.63.63.60.0%

Top Export Markets for O-Acetylsalicylic Acid from Vietnam in 2022:

  1. Lao People's Democratic Republic (702.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the o-acetylsalicylic acid 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 21101050 - O-acetylsalicylic acid, its salts and esters

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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