Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam - 2022
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam (CIF) - 2022
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam (CIF) - 2022
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $2,262 per ton in 2022, with an increase of 23% against the previous year. In general, the import price recorded mild growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 77%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($2,262 per ton) and Taiwan (Chinese) ($2,262 per ton), while the price for Malaysia ($2,262 per ton) and China ($2,262 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam (FOB) - 2022
In 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $5,027 per ton, rising by 9.1% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 600%. As a result, the export price reached the peak level of $7,367 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +29.9% per year.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam
In 2022, approx. 3.3K tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were imported into Vietnam; growing by 27% against the previous year's figure. The total import volume increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses skyrocketed to $7.6M in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,565 | 1,418 | 2,086 | 3,902 | 35.6% |
| Taiwan (Chinese) | 399 | 678 | 803 | 1,104 | 40.4% |
| Indonesia | 260 | 244 | 480 | 1,061 | 59.8% |
| Malaysia | 400 | 80.9 | 589 | 668 | 18.6% |
| South Korea | 225 | 346 | 626 | 547 | 34.5% |
| United States | 174 | 155 | 213 | 267 | 15.3% |
| Others | 11.1 | 10.6 | 11.2 | 13.0 | 5.4% |
| Total | 3,034 | 2,933 | 4,808 | 7,561 | 35.6% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Vietnam in 2022:
- China (1725.2 tons)
- Taiwan (Chinese) (488.0 tons)
- Indonesia (469.0 tons)
- Malaysia (295.4 tons)
- South Korea (241.7 tons)
- United States (117.9 tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam
In 2022, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses from Vietnam contracted dramatically to 440 kg, falling by -47.7% on the previous year. In general, exports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of 824% against the previous year. As a result, the exports attained the peak of 841 kg, and then fell sharply in the following year.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses contracted significantly to $2.2K in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 609% against the previous year. As a result, the exports reached the peak of $3.9K, and then fell remarkably in the following year.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.0 | 0.5 | 3.9 | 2.2 | -9.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.0 | 0.5 | 3.9 | 2.2 | -9.8% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Vietnam in 2022:
- Singapore (440.0 kg)
353
This report provides an in-depth analysis of the monocarboxylic acid market in Vietnam.
321
This report provides an in-depth analysis of the benzoic acid market in Vietnam.
363
This report provides an in-depth analysis of the market for benzoyl peroxide and chloride in Vietnam.
327
This report provides an in-depth analysis of the acrylic acid esters market in Vietnam.
377
This report provides an in-depth analysis of the methacrylic acid esters market in Vietnam.
365
This report provides an in-depth analysis of the methacrylic acid market in Vietnam.
270
This report provides an in-depth analysis of the market for oleic, linoleic or linolenic acids in Vietnam.
283
This report provides an in-depth analysis of the phenylacetic acid market in Vietnam.
678
This report provides an in-depth analysis of the global monocarboxylic acid market.
1163
This report provides an in-depth analysis of the global benzoic acid market.
974
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
933
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
974
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
933
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
