Price for Mineral Substances Not Elsewhere Specified or Included in Vietnam - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Vietnam (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Vietnam (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Vietnam
- Exports of Mineral Substances Not Elsewhere Specified or Included in Vietnam
Price for Mineral Substances Not Elsewhere Specified or Included in Vietnam (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $490 per ton, rising by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 11% against the previous year. The import price peaked at $553 per ton in 2015; however, from 2016 to 2022, import prices stood 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 China ($661 per ton), while the price for the Philippines ($334 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mineral Substances Not Elsewhere Specified or Included in Vietnam (FOB) - 2022
In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $854 per ton, declining by -21.9% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 an increase of 36% against the previous year. As a result, the export price attained the peak level of $1,128 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,163 per ton), while the average price for exports to Thailand ($733 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 India (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Vietnam
In 2022, approx. 33K tons of mineral substances not elsewhere specified or includeds were imported into Vietnam; surging by 9.8% against 2021. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 30%. As a result, imports attained the peak of 35K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of mineral substances not elsewhere specified or includeds soared to $16M 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 relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.3 | 3.4 | 3.8 | 5.8 | 20.7% |
| China | 2.1 | 3.0 | 2.9 | 4.2 | 26.0% |
| Malaysia | 2.1 | 2.4 | 1.6 | 1.7 | -6.8% |
| South Korea | 0.6 | 0.9 | 1.0 | 0.9 | 14.5% |
| Indonesia | 2.4 | 1.1 | 0.3 | 0.8 | -30.7% |
| Japan | 0.5 | 0.6 | 0.7 | 0.8 | 17.0% |
| United States | 1.0 | 0.8 | 0.8 | 0.7 | -11.2% |
| Taiwan (Chinese) | 0.6 | 0.2 | 0.3 | 0.1 | -45.0% |
| Others | 0.5 | 1.6 | 2.1 | 1.4 | 40.9% |
| Total | 13.2 | 14.1 | 13.5 | 16.4 | 7.5% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Vietnam in 2022:
- Thailand (12.7K tons)
- China (6.3K tons)
- Malaysia (3.7K tons)
- South Korea (2.2K tons)
- Japan (1.8K tons)
- Indonesia (1.7K tons)
- United States (1.5K tons)
- Taiwan (Chinese) (0.2K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Vietnam
In 2022, approx. 3.9K tons of mineral substances not elsewhere specified or includeds were exported from Vietnam; surging by 63% on 2021 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 214%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of mineral substances not elsewhere specified or includeds soared to $3.4M in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 203%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Mineral Substances Not Elsewhere Specified or Included in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 43.2 | 502 | 1,417 | 1,621 | 234.8% |
| South Korea | 1.9 | 144 | 472 | 589 | 576.8% |
| Thailand | 43.8 | 207 | 140 | 401 | 109.2% |
| China | N/A | N/A | 257 | 285 | 10.9% |
| Taiwan (Chinese) | 30.6 | 135 | 127 | 250 | 101.4% |
| South Africa | 44.7 | N/A | 129 | 113 | 36.2% |
| Malaysia | 329 | 442 | 47.6 | N/A | -62.0% |
| Others | 34.2 | 166 | 62.6 | 109 | 47.2% |
| Total | 527 | 1,596 | 2,652 | 3,367 | 85.6% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Vietnam in 2022:
- Indonesia (2188.3 tons)
- Thailand (547.4 tons)
- South Korea (506.3 tons)
- China (244.7 tons)
- Taiwan (Chinese) (214.8 tons)
- South Africa (153.3 tons)
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