Price for Sulphites; Other than of Sodium in Vietnam - 2022

Contents:

1. Price for Sulphites; Other than of Sodium in Vietnam (CIF) - 2022
2. Price for Sulphites; Other than of Sodium in Vietnam (FOB) - 2022
3. Imports of Sulphites; Other than of Sodium in Vietnam
4. Exports of Sulphites; Other than of Sodium in Vietnam

Price for Sulphites; Other than of Sodium in Vietnam (CIF) - 2022

The average import price for sulphites; other than of sodia stood at $931 per ton in 2022, surging by 49% against the previous year. Overall, the import price showed a relatively flat trend pattern. 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 India ($931 per ton) and Italy ($931 per ton), while the price for South Korea ($931 per ton) and Thailand ($931 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sulphites; Other than of Sodium in Vietnam (FOB) - 2022

In 2022, the average export price for sulphites; other than of sodia amounted to $1,341 per ton, surging by 24% against the previous year. In general, the export price recorded a slight increase. Over the period under review, the average export prices reached the peak figure at $1,357 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($1,341 per ton), while the average price for exports to Cambodia ($1,341 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphites; Other than of Sodium in Vietnam

For the third year in a row, Vietnam recorded decline in purchases abroad of sulphites; other than of sodia, which decreased by -34.5% to 1.3K tons in 2022. In general, imports faced a dramatic setback. The smallest decline of -2.8% was in 2021.

In value terms, sulphites; other than of sodium imports reduced to $1.2M in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.

Top Suppliers of Sulphites; Other than of Sodium to Vietnam in 2022:

1. Thailand (501.2 tons)
2. China (399.8 tons)
3. Italy (173.0 tons)
4. United Kingdom (85.1 tons)
5. India (37.9 tons)
6. South Korea (20.3 tons)
7. Singapore (6.9 tons)

Exports of Sulphites; Other than of Sodium in Vietnam

In 2022, sulphites; other than of sodium exports from Vietnam reduced remarkably to 59 tons, waning by -22.5% against the previous year's figure. Overall, exports faced a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year.

In value terms, sulphites; other than of sodium exports contracted to $80K in 2022. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year.

Top Export Markets for Sulphites; Other than of Sodium from Vietnam in 2022:

1. Lao People's Democratic Republic (42.0 tons)
2. Cambodia (12.9 tons)
3. Indonesia (4.4 tons)

Source: IndexBox Market Intelligence Platform