Price for Inorganic Acids; Other than Hydrogen Fluoride in Vietnam - 2022

Price for Inorganic Acids; Other than Hydrogen Fluoride in Vietnam (CIF) - 2022

The average import price for inorganic acids; other than hydrogen fluorides stood at $2,510 per ton in 2022, jumping by 36% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 inorganic acids; other than hydrogen fluorides increased by +93.2% against 2017 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 countries with the highest prices were Taiwan (Chinese) ($2,512 per ton) and India ($2,510 per ton), while the price for China ($2,510 per ton) and Japan ($2,510 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Inorganic Acids; Other than Hydrogen Fluoride in Vietnam (FOB) - 2022

In 2022, the average export price for inorganic acids; other than hydrogen fluorides amounted to $2,406 per ton, picking up by 36% against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 an increase of 91% against the previous year. Over the period under review, the average export prices hit record highs at $2,917 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.5% per year.

Imports of Inorganic Acids; Other than Hydrogen Fluoride in Vietnam

In 2022, imports of inorganic acids; other than hydrogen fluorides into Vietnam reduced sharply to 1.7K tons, falling by -15.3% compared with the year before. Overall, imports saw a significant decline. The pace of growth was the most pronounced in 2021 when imports increased by 20%.

In value terms, imports of inorganic acids; other than hydrogen fluorides surged to $4.2M in 2022. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 48%.

Import of Inorganic Acids; Other than Hydrogen Fluoride in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,578	1,316	2,291	3,059	24.7%
Japan	3,300	985	1,262	939	-34.2%
India	27.3	2.8	6.9	77.9	41.8%
South Korea	91.8	95.7	35.2	34.8	-27.6%
Others	49.2	82.1	67.1	105	28.7%
Total	5,046	2,482	3,662	4,216	-5.8%

Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Vietnam in 2022:

China (1218.8 tons)
Japan (374.1 tons)
India (31.1 tons)
South Korea (13.8 tons)

Exports of Inorganic Acids; Other than Hydrogen Fluoride in Vietnam

In 2022, the amount of inorganic acids; other than hydrogen fluorides exported from Vietnam dropped sharply to 1.6 tons, with a decrease of -99% compared with the previous year's figure. Over the period under review, exports recorded a sharp decrease. The growth pace was the most rapid in 2021 when exports increased by 1,317%.

In value terms, exports of inorganic acids; other than hydrogen fluorides shrank markedly to $3.8K in 2022. Overall, exports saw a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 757%.