Vietnam - Salicylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSalicylic Acid Price in Vietnam - 2022
Contents:
- Salicylic Acid Price in Vietnam (CIF) - 2022
- Salicylic Acid Price in Vietnam (FOB) - 2022
- Salicylic Acid Imports in Vietnam
- Salicylic Acid Exports in Vietnam
Salicylic Acid Price in Vietnam (CIF) - 2022
In 2022, the average salicylic acid import price amounted to $4,506 per ton, with an increase of 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2018 an increase of 15%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,890 per ton), while the price for France ($4,299 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Salicylic Acid Price in Vietnam (FOB) - 2022
The average salicylic acid export price stood at $5,022 per ton in 2022, waning by -14.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 40%. The export price peaked at $18,108 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($5,024 per ton), while the average price for exports to Thailand totaled $5,021 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-34.8%).
Salicylic Acid Imports in Vietnam
In 2022, the amount of salicylic acid and its salts imported into Vietnam soared to 151 tons, picking up by 35% compared with 2021. Overall, imports continue to indicate a relatively flat trend pattern.
In value terms, salicylic acid imports soared to $679K in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
| Import of Salicylic Acid in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 191 | 251 | 168 | 323 | 19.1% |
| France | 231 | 238 | 76.2 | 158 | -11.9% |
| Germany | 51.7 | 28.0 | 1.1 | 38.8 | -9.1% |
| Japan | 22.7 | 26.2 | 15.5 | 36.2 | 16.8% |
| India | 9.6 | 22.2 | 9.4 | 16.6 | 20.0% |
| Others | 110 | 170 | 215 | 107 | -0.9% |
| Total | 616 | 736 | 485 | 679 | 3.3% |
Top Suppliers of Salicylic Acid to Vietnam in 2022:
- China (63.2 tons)
- France (36.7 tons)
- Japan (5.3 tons)
- India (3.6 tons)
- Germany (1.2 tons)
Salicylic Acid Exports in Vietnam
In 2022, overseas shipments of salicylic acid and its salts decreased by -11.8% to 360 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a significant expansion.
In value terms, salicylic acid exports plummeted to $1.8K in 2022. In general, exports, however, showed significant growth.
| Export of Salicylic Acid in Vietnam (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 1,190 | 0% |
| Malaysia | 670 | N/A | 1,232 | 618 | -2.7% |
| Singapore | N/A | N/A | 1,161 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 670 | N/A | 2,393 | 1,808 | 39.2% |
Top Export Markets for Salicylic Acid from Vietnam in 2022:
- Thailand (237.0 kg)
- Malaysia (123.0 kg)
This report provides an in-depth analysis of the salicylic acid market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21101030 - Salicylic acid and its salts
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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