Price for Metals; Platinum, Unwrought or in Powder Form in Vietnam - 2022

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Vietnam (CIF) - 2022
2. Price for Metals; Platinum, Unwrought or in Powder Form in Vietnam (FOB) - 2022
3. Imports of Metals; Platinum, Unwrought or in Powder Form in Vietnam
4. Exports of Metals; Platinum, Unwrought or in Powder Form in Vietnam

Price for Metals; Platinum, Unwrought or in Powder Form in Vietnam (CIF) - 2022

In 2022, the average import price for metals; platinum, unwrought or in powder forms amounted to $31,414,502 per ton, which is down by -10.7% against the previous year. Over the period under review, the import price showed a perceptible setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 22%. The import price peaked at $50,285,122 per ton in 2012; however, from 2013 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 the United States ($31,641,679 per ton), while the price for Japan amounted to $31,368,546 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-4.6%).

Price for Metals; Platinum, Unwrought or in Powder Form in Vietnam (FOB) - 2022

In 2022, the average export price for metals; platinum, unwrought or in powder forms amounted to $10,316,000 per ton, which is down by -53.9% against the previous year. In general, the export price faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the maximum at $66,439,000 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($19,282,000 per ton), while the average price for exports to the United States totaled $1,350,000 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-12.8%).

Imports of Metals; Platinum, Unwrought or in Powder Form in Vietnam

In 2022, approx. 315 kg of metals; platinum, unwrought or in powder forms were imported into Vietnam; growing by 5% compared with the previous year. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of metals; platinum, unwrought or in powder forms shrank to $9.9M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, imports attained the peak of $11M, and then reduced in the following year.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Vietnam in 2022:

1. Japan (262.0 kg)
2. United States (53.0 kg)

Exports of Metals; Platinum, Unwrought or in Powder Form in Vietnam

After two years of decline, overseas shipments of metals; platinum, unwrought or in powder forms decreased by 0% to 2 kg in 2022. Over the period under review, exports saw a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of metals; platinum, unwrought or in powder forms dropped notably to $21K in 2022. In general, exports faced a deep slump.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Vietnam in 2022:

1. United States (1.0 kg)
2. Japan (1.0 kg)

Source: IndexBox Market Intelligence Platform