Price for Sugars; Fructose, Chemically Pure, in Solid Form in Vietnam - 2022

Contents:

1. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Vietnam (CIF) - 2022
2. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Vietnam (FOB) - 2022
3. Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Vietnam
4. Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Vietnam

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Vietnam (CIF) - 2022

The average import price for sugars; fructose, chemically pure, in solid form stood at $1,030 per ton in 2022, increasing by 13% against the previous year. Overall, the import price, however, saw a pronounced decrease. The import price peaked at $1,384 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($1,030 per ton) and Bulgaria ($1,029 per ton), while the price for Malaysia ($772 per ton) and China ($1,029 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.5%), while the prices for the other major suppliers experienced a decline.

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Vietnam (FOB) - 2022

The average export price for sugars; fructose, chemically pure, in solid form stood at $896 per ton in 2022, flattening at the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 an increase of 182%. As a result, the export price reached the peak level of $2,374 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +1,637.8% per year.

Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Vietnam

In 2022, after three years of growth, there was significant decline in supplies from abroad of sugars; fructose, chemically pure, in solid form, when their volume decreased by -33.7% to 833 tons. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 6.2%.

In value terms, imports of sugars; fructose, chemically pure, in solid form declined remarkably to $860K in 2022. Over the period under review, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 13%. As a result, imports attained the peak of $1.1M, and then fell significantly in the following year.

Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Vietnam in 2022:

1. Finland (456.8 tons)
2. Turkey (247.9 tons)
3. United States (34.8 tons)
4. Bulgaria (21.1 tons)
5. Malaysia (19.9 tons)
6. Italy (14.9 tons)
7. China (14.7 tons)
8. Israel (12.6 tons)

Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Vietnam

In 2022, exports of sugars; fructose, chemically pure, in solid form from Vietnam contracted rapidly to 28 tons, declining by -30.7% on the year before. In general, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 528%.

In value terms, exports of sugars; fructose, chemically pure, in solid form declined significantly to $25K in 2022. Overall, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 506% against the previous year.

Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Vietnam in 2022:

1. Canada (27.7 tons)

Source: IndexBox Market Intelligence Platform