Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam (FOB) - 2022
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam
- Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam (FOB) - 2022
The average export price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $1,987 per ton in 2022, which is down by -6.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs at $2,249 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($2,548 per ton), while the average price for exports to South Korea totaled $1,871 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $2,445 per ton in 2022, increasing by 9.7% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses increased by +68.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue 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 Hong Kong SAR ($3,878 per ton), while the price for Indonesia ($2,065 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam
Exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses from Vietnam skyrocketed to 2.8K tons in 2022, with an increase of 30% compared with the year before. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 356% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses skyrocketed to $5.6M in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 452%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.4 | 2.0 | 3.7 | 4.3 | 120.7% |
| Egypt | 0.1 | 0.8 | 0.7 | 1.2 | 128.9% |
| Chile | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Others | N/A | 0.2 | 0.1 | 0.1 | -29.3% |
| Total | 0.5 | 3.0 | 4.6 | 5.6 | 123.7% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids from Vietnam in 2022:
- South Korea (2310.1 tons)
- Egypt (466.6 tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam
In 2022, purchases abroad of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -20.7% to 1.8K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 7.5% against the previous year. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses contracted to $4.4M in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of $5.1M, and then fell in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.7 | 3.1 | 3.8 | 3.1 | 4.7% |
| China | 0.1 | 0.1 | 0.1 | 0.9 | 108.0% |
| Hong Kong SAR | N/A | 0.2 | 0.4 | 0.2 | 0.0% |
| South Korea | 0.3 | 0.4 | 0.6 | 0.1 | -30.7% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 3.3 | 4.0 | 5.1 | 4.4 | 10.1% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Vietnam in 2022:
- Taiwan (Chinese) (1271.9 tons)
- China (390.2 tons)
- Hong Kong SAR (57.1 tons)
- South Korea (34.8 tons)
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