Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,624 per ton in 2022, waning by -2.8% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses increased by +74.9% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 60% against the previous year. As a result, import price attained the peak level of $2,700 per ton, and then reduced slightly in the following year.
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 Japan ($3,039 per ton), while the price for the United States ($1,881 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $2,958 per ton, growing by 13% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. Over the period under review, the average export prices reached the peak figure at $2,983 per ton in 2013; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($7,578 per ton), while the average price for exports to Thailand ($2,053 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 Myanmar (+26.6%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses imported into Vietnam expanded markedly to 8.3K tons, growing by 10% compared with 2021 figures. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, imports reached the peak of 8.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $22M in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 42%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 5.3 | 9.0 | 11.6 | 53.6% |
| United States | 2.2 | 1.9 | 5.2 | 5.5 | 35.7% |
| Japan | 1.6 | 2.3 | 2.8 | 3.7 | 32.2% |
| Netherlands | 0.1 | 1.3 | 0.9 | 0.3 | 44.2% |
| Singapore | 3.3 | 3.2 | 1.0 | 0.2 | -60.7% |
| Others | 0.3 | 0.5 | 1.3 | 0.4 | 10.1% |
| Total | 10.6 | 14.3 | 20.3 | 21.7 | 27.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Vietnam in 2022:
- China (3.8K tons)
- United States (2.9K tons)
- Japan (1.2K tons)
- Netherlands (0.1K tons)
- Singapore (0.1K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses were finally on the rise to reach 71 tons after two years of decline. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses soared to $211K in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 66.5 | 49.3 | 82.6 | 131 | 25.4% |
| Indonesia | N/A | 9.2 | N/A | 37.5 | 101.9% |
| United Kingdom | N/A | N/A | N/A | 29.6 | 0% |
| Thailand | 17.7 | 16.9 | 7.3 | 13.1 | -9.5% |
| Others | 4.9 | N/A | 0.7 | 0.6 | -50.3% |
| Total | 89.0 | 75.4 | 90.6 | 211 | 33.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from Vietnam in 2022:
- Cambodia (47.5 tons)
- Indonesia (13.7 tons)
- Thailand (6.4 tons)
- United Kingdom (3.9 tons)
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