Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam - 2022
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam (CIF) - 2022
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam (FOB) - 2022
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam
- Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam (CIF) - 2022
In 2022, the average import price for polyphenols; hydroquinone (quinol) and its saltses amounted to $9,588 per ton, growing by 51% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 polyphenols; hydroquinone (quinol) and its saltses increased by +91.6% against 2016 indices. As a result, import price reached 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 the United States ($9,591 per ton) and India ($9,589 per ton), while the price for the UK ($9,583 per ton) and China ($9,587 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+756.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam (FOB) - 2022
In 2022, the average export price for polyphenols; hydroquinone (quinol) and its saltses amounted to $5,466 per ton, flattening at the previous year. In general, the export price saw a slight decline. The most prominent rate of growth was recorded in 2019 an increase of 29%. As a result, the export price attained the peak level of $6,817 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -1.9% per year.
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam
For the third consecutive year, Vietnam recorded decline in overseas purchases of polyphenols; hydroquinone (quinol) and its saltses, which decreased by -60.4% to 13 tons in 2022. In general, imports continue to indicate a precipitous decline. The smallest decline of -0.9% was in 2020.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses contracted dramatically to $125K in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of $209K, and then fell rapidly in the following year.
| Import of Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.7 | 16.9 | 36.5 | 58.3 | 81.8% |
| India | 54.2 | 63.2 | 67.1 | 40.1 | -9.6% |
| United States | 58.0 | 36.4 | 31.2 | 13.9 | -37.9% |
| United Kingdom | 5.1 | 1.7 | 4.9 | 6.1 | 6.1% |
| Japan | 2.7 | 2.2 | 1.7 | 4.9 | 22.0% |
| Malaysia | 50.3 | 47.8 | 41.8 | N/A | -8.8% |
| France | 5.2 | 6.6 | 11.6 | N/A | 49.4% |
| Others | 6.5 | 6.0 | 14.4 | 2.1 | -31.4% |
| Total | 192 | 181 | 209 | 125 | -13.3% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to Vietnam in 2022:
- China (6.1 tons)
- India (4.2 tons)
- United States (1.4 tons)
- United Kingdom (0.6 tons)
- Japan (0.5 tons)
Exports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam
In 2022, overseas shipments of polyphenols; hydroquinone (quinol) and its saltses decreased by 0% to 6.5 tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of 13 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of polyphenols; hydroquinone (quinol) and its saltses stood at $36K in 2022. Over the period under review, exports faced a sharp slump. The smallest decline of -3.2% was in 2020.
| Export of Polyphenols; Hydroquinone (Quinol) and Its Salts in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 72.0 | 71.0 | N/A | 35.5 | -21.0% |
| Others | 1.3 | N/A | N/A | N/A | 0% |
| Total | 73.3 | 71.0 | N/A | 35.5 | -21.5% |
Top Export Markets for Polyphenols; Hydroquinone (Quinol) and Its Salts from Vietnam in 2022:
- Taiwan (Chinese) (6.5 tons)
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