Price for Carbides, Whether or Not Chemically Defined in Vietnam - 2022
Contents:
- Price for Carbides, Whether or Not Chemically Defined in Vietnam (FOB) - 2022
- Price for Carbides, Whether or Not Chemically Defined in Vietnam (CIF) - 2022
- Exports of Carbides, Whether or Not Chemically Defined in Vietnam
- Imports of Carbides, Whether or Not Chemically Defined in Vietnam
Price for Carbides, Whether or Not Chemically Defined in Vietnam (FOB) - 2022
In 2022, the average export price for carbides, whether or not chemically defineds amounted to $1,809 per ton, picking up by 42% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($1,809 per ton) and Japan ($1,809 per ton), while the average price for exports to South Korea ($1,809 per ton) and Germany ($1,809 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Carbides, Whether or Not Chemically Defined in Vietnam (CIF) - 2022
The average import price for carbides, whether or not chemically defineds stood at $1,772 per ton in 2022, growing by 33% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 carbides, whether or not chemically defineds increased by +65.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,938 per ton), while the price for China ($1,767 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Carbides, Whether or Not Chemically Defined in Vietnam
In 2022, the amount of carbides, whether or not chemically defineds exported from Vietnam contracted to 28K tons, with a decrease of -3.8% on the previous year. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of 29K tons, and then shrank slightly in the following year.
In value terms, exports of carbides, whether or not chemically defineds soared to $51M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Carbides, Whether or Not Chemically Defined in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.9 | 9.0 | 13.1 | 21.8 | 40.3% |
| Japan | 5.8 | 5.6 | 9.0 | 12.0 | 27.4% |
| South Korea | 7.1 | 5.7 | 7.0 | 9.5 | 10.2% |
| Spain | 0.3 | 0.3 | 0.7 | 1.9 | 85.0% |
| Taiwan (Chinese) | 0.6 | 0.4 | 0.4 | 1.2 | 26.0% |
| United Arab Emirates | 0.8 | 1.4 | 0.4 | 0.4 | -20.6% |
| United States | 3.0 | 0.1 | 0.1 | N/A | -81.7% |
| Others | 7.4 | 3.5 | 6.6 | 4.2 | -17.2% |
| Total | 32.9 | 26.0 | 37.3 | 50.9 | 15.7% |
Top Export Markets for Carbides, Whether or Not Chemically Defined from Vietnam in 2022:
- India (12.1K tons)
- Japan (6.6K tons)
- South Korea (5.2K tons)
- Spain (1.0K tons)
- Taiwan (Chinese) (0.7K tons)
- United Arab Emirates (0.2K tons)
Imports of Carbides, Whether or Not Chemically Defined in Vietnam
In 2022, the amount of carbides, whether or not chemically defineds imported into Vietnam contracted sharply to 5.7K tons, falling by -17.2% on the previous year's figure. Overall, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 6.8K tons, and then fell remarkably in the following year.
In value terms, imports of carbides, whether or not chemically defineds reached $10M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +73.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Carbides, Whether or Not Chemically Defined in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.6 | 5.5 | 8.7 | 9.6 | 13.3% |
| Japan | N/A | N/A | 0.1 | 0.2 | 100.0% |
| South Korea | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Total | 7.0 | 5.8 | 9.1 | 10.0 | 12.6% |
Top Suppliers of Carbides, Whether or Not Chemically Defined to Vietnam in 2022:
- China (5.4K tons)
- Japan (0.1K tons)
- South Korea (0.1K tons)
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