Price for Bromides; of Sodium or of Potassium in Vietnam - 2022

Price for Bromides; of Sodium or of Potassium in Vietnam (CIF) - 2022

In 2022, the average import price for bromides; of sodium or of potassia amounted to $3,438 per ton, growing by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($3,440 per ton) and Israel ($3,439 per ton), while the price for Germany ($3,437 per ton) and Taiwan (Chinese) ($3,438 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Bromides; of Sodium or of Potassium in Vietnam (FOB) - 2022

The average export price for bromides; of sodium or of potassia stood at $2,438 per ton in 2022, growing by 197% against the previous year. In general, the export price, however, showed a deep reduction. The export price peaked at $9,654 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to +56.7% per year.

Imports of Bromides; of Sodium or of Potassium in Vietnam

In 2022, supplies from abroad of bromides; of sodium or of potassia decreased by -11% to 13 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, imports attained the peak of 19 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of bromides; of sodium or of potassia reduced to $45K in 2022. Overall, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.5% 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 decreased by -29.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 48%. As a result, imports reached the peak of $63K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Bromides; of Sodium or of Potassium in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	18.4	21.2	12.1	16.7	-3.2%
Taiwan (Chinese)	7.4	18.6	12.7	14.0	23.7%
Japan	2.5	4.2	4.8	5.6	30.8%
Germany	4.8	7.3	6.5	4.1	-5.1%
Israel	1.1	1.3	1.4	2.1	24.1%
Thailand	N/A	N/A	N/A	2.1	0%
Others	8.4	10.8	10.6	N/A	12.3%
Total	42.6	63.3	48.1	44.6	1.5%

Top Suppliers of Bromides; of Sodium or of Potassium to Vietnam in 2022:

China (4.8 tons)
Taiwan (Chinese) (4.1 tons)
Japan (1.6 tons)
Germany (1.2 tons)
Israel (0.6 tons)
Thailand (0.6 tons)

Exports of Bromides; of Sodium or of Potassium in Vietnam

In 2022, exports of bromides; of sodium or of potassia from Vietnam dropped remarkably to 313 kg, reducing by -99.1% compared with 2021 figures. Overall, exports saw a sharp decline.

In value terms, exports of bromides; of sodium or of potassia declined rapidly to $763 in 2022. Over the period under review, exports saw a sharp downturn.