Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Vietnam - 2021
Contents:
- Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Vietnam (CIF) - 2022
- Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Vietnam
Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Vietnam (CIF) - 2022
In 2022, the average sodium hexafluoroaluminate (synthetic cryolite) import price amounted to $1,330 per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2016 when the average import price increased by 25%. As a result, import price reached the peak level of $1,460 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($9,098 per ton), while the price for Bahrain ($428 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Vietnam
In 2022, approx. 65 tons of sodium hexafluoroaluminate (synthetic cryolite)s were imported into Vietnam; shrinking by -29% on the previous year. Over the period under review, imports recorded a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 121%. As a result, imports reached the peak of 91 tons, and then contracted dramatically in the following year.
In value terms, sodium hexafluoroaluminate (synthetic cryolite) imports contracted significantly to $86K in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 149% against the previous year. As a result, imports reached the peak of $123K, and then shrank sharply in the following year.
| Import of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.0 | 14.3 | 48.5 | 34.0 | -16.8% |
| Bahrain | 24.0 | 12.2 | 30.7 | 21.5 | -3.6% |
| Hungary | 1.4 | 7.9 | 23.4 | 16.4 | 127.1% |
| South Korea | 0.9 | 0.8 | 18.8 | 13.2 | 144.8% |
| Others | 2.6 | 14.3 | 1.8 | 1.1 | -24.9% |
| Total | 87.8 | 49.5 | 123 | 86.3 | -0.6% |
Top Suppliers of Sodium Hexafluoroaluminate (Synthetic Cryolite) to Vietnam in 2022:
- Bahrain (50.3 tons)
- China (8.3 tons)
- Hungary (4.0 tons)
- South Korea (1.4 tons)
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