Price for Asbestos, Other than Crocidolite in Vietnam - 2022

Price for Asbestos, Other than Crocidolite in Vietnam (CIF) - 2022

In 2022, the average asbestos, other than crocidolite import price amounted to $626 per ton, jumping by 30% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $723 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($626 per ton), while the price for China ($626 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Asbestos, Other than Crocidolite in Vietnam (FOB) - 2022

The average asbestos, other than crocidolite export price stood at $443 per ton in 2022, picking up by 20% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 33% against the previous year. As a result, the export price attained the peak level of $1,003 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -5.2% per year.

Imports of Asbestos, Other than Crocidolite in Vietnam

In 2022, approx. 19K tons of asbestos, other than crocidolites were imported into Vietnam; declining by -34.4% compared with the year before. Over the period under review, imports saw a abrupt downturn. The smallest decline of -1.4% was in 2020.

In value terms, asbestos, other than crocidolite imports declined to $12M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Asbestos, Other than Crocidolite in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	10.2	11.5	12.0	10.8	1.9%
Kazakhstan	0.2	0.2	0.1	0.9	65.1%
China	0.4	1.1	0.3	0.2	-20.6%
Brazil	1.2	1.4	1.5	N/A	11.8%
Others	N/A	N/A	N/A	N/A	0%
Total	12.1	14.2	14.0	12.0	-0.3%

Top Suppliers of Asbestos, Other than Crocidolite to Vietnam in 2022:

Russia (17.2K tons)
Kazakhstan (1.5K tons)
China (0.4K tons)

Exports of Asbestos, Other than Crocidolite in Vietnam

After two years of decline, overseas shipments of asbestos, other than crocidolites increased by 3,563% to 102 tons in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, asbestos, other than crocidolite exports skyrocketed to $45K in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.