Waxes; Artificial, Prepared Price in Vietnam - 2021
Contents:
- Waxes; Artificial, Prepared Price in Vietnam (CIF) - 2021
- Waxes; Artificial, Prepared Price in Vietnam (FOB) - 2022
- Waxes; Artificial, Prepared Imports in Vietnam
- Waxes; Artificial, Prepared Exports in Vietnam
Waxes; Artificial, Prepared Price in Vietnam (CIF) - 2021
The average waxes; artificial, prepared import price stood at $2,741 per ton in December 2021, growing by 3.2% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2021 an increase of 3.6% m-o-m. The import price peaked at $2,787 per ton in October 2021; however, from November 2021 to December 2021, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Saudi Arabia ($3,025 per ton) and Germany ($3,025 per ton), while the price for South Korea ($2,396 per ton) and Taiwan (Chinese) ($2,523 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in Vietnam (FOB) - 2022
The average waxes; artificial, prepared export price stood at $2,922 per ton in 2022, shrinking by -3.2% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waxes; artificial, prepared export price increased by +5.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 33%. Over the period under review, the average export prices attained the maximum at $3,243 per ton in 2018; however, from 2019 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 countries with the highest prices were Taiwan (Chinese) ($2,912 per ton) and South Korea ($2,912 per ton), while the average price for exports to Thailand ($2,579 per ton) and India ($2,853 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in Vietnam
In 2022, supplies from abroad of waxes; artificial, prepared decreased by -5.9% to 49K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%.
In value terms, waxes; artificial, prepared imports declined to $68M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 19%.
| Import of Waxes; Artificial, Prepared in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.9 | 20.5 | 28.8 | 28.6 | 19.2% |
| South Korea | 9.3 | 11.2 | 13.2 | 13.1 | 12.1% |
| Taiwan (Chinese) | 5.9 | 6.3 | 6.0 | 6.0 | 0.6% |
| Thailand | 3.2 | 4.1 | 3.0 | 3.2 | 0.0% |
| Malaysia | 3.5 | 3.4 | 2.6 | 2.9 | -6.1% |
| Germany | 3.7 | 2.8 | 2.6 | 2.8 | -8.9% |
| Indonesia | 1.0 | 2.1 | 2.6 | 2.6 | 37.5% |
| United States | 1.9 | 2.8 | 2.3 | 2.2 | 5.0% |
| India | 1.2 | 2.0 | 1.5 | 1.5 | 7.7% |
| Saudi Arabia | 1.0 | 1.1 | 1.3 | 1.3 | 9.1% |
| Japan | 3.8 | 4.9 | 3.6 | 0.5 | -49.1% |
| Others | 3.4 | 3.7 | 3.3 | 3.4 | 0.0% |
| Total | 54.9 | 65.1 | 70.8 | 68.0 | 7.4% |
Top Suppliers of Waxes; Artificial, Prepared to Vietnam in 2022:
- China (19.6K tons)
- South Korea (10.9K tons)
- Taiwan (Chinese) (4.6K tons)
- Thailand (2.3K tons)
- Malaysia (2.1K tons)
- Germany (2.0K tons)
- Indonesia (1.6K tons)
- United States (1.5K tons)
- India (1.0K tons)
- Saudi Arabia (0.8K tons)
- Japan (0.3K tons)
Waxes; Artificial, Prepared Exports in Vietnam
In 2022, waxes; artificial, prepared exports from Vietnam rose significantly to 2.2K tons, increasing by 11% on the previous year. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 60%. As a result, the exports attained the peak of 2.5K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, waxes; artificial, prepared exports rose markedly to $6.5M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 64% against the previous year. As a result, the exports attained the peak of $7M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Waxes; Artificial, Prepared in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 5.6 | 4.8 | 3.5 | -2.7% |
| South Korea | N/A | N/A | N/A | 2.1 | 0% |
| Taiwan (Chinese) | 0.1 | 0.4 | 0.3 | 0.3 | 44.2% |
| India | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Thailand | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.3 | 0.7 | 0.6 | 0.4 | 10.1% |
| Total | 4.3 | 7.0 | 6.1 | 6.5 | 14.8% |
Top Export Markets for Waxes; Artificial, Prepared from Vietnam in 2022:
- China (1217.3 tons)
- South Korea (716.5 tons)
- Taiwan (Chinese) (87.1 tons)
- India (59.1 tons)
- Thailand (35.7 tons)
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