Price for Magnesium; Waste and Scrap in Vietnam - 2022
Contents:
- Price for Magnesium; Waste and Scrap in Vietnam (FOB) - 2022
- Price for Magnesium; Waste and Scrap in Vietnam (CIF) - 2022
- Exports of Magnesium; Waste and Scrap in Vietnam
- Imports of Magnesium; Waste and Scrap in Vietnam
Price for Magnesium; Waste and Scrap in Vietnam (FOB) - 2022
The average magnesium; waste and scrap export price stood at $1,599 per ton in 2022, which is down by -7.4% against the previous year. Overall, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 22%. Over the period under review, the average export prices reached the peak figure at $2,416 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,600 per ton), while the average price for exports to Thailand ($1,236 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 the United States (+1.8%), while the prices for the other major destinations experienced a decline.
Price for Magnesium; Waste and Scrap in Vietnam (CIF) - 2022
The average magnesium; waste and scrap import price stood at $1,612 per ton in 2022, with an increase of 4.7% against the previous year. In general, the import price saw a temperate increase. The most prominent rate of growth was recorded in 2016 an increase of 69%. Over the period under review, average import prices reached the maximum at $1,846 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,694 per ton), while the price for South Korea amounted to $1,610 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%).
Exports of Magnesium; Waste and Scrap in Vietnam
In 2022, the amount of magnesium; waste and scraps exported from Vietnam was estimated at 520 tons, surging by 14% against 2021 figures. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.2% 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 -16.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 101% against the previous year. As a result, the exports reached the peak of 619 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, magnesium; waste and scrap exports rose significantly to $831K in 2022. The total export value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 37%. As a result, the exports reached the peak of $876K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Magnesium; Waste and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 456 | 716 | 505 | 433 | -1.7% |
| United States | 50.5 | 79.8 | 235 | 350 | 90.7% |
| South Korea | 91.0 | 53.4 | 27.1 | 34.0 | -28.0% |
| Taiwan (Chinese) | 40.0 | 27.4 | 18.1 | 13.6 | -30.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 638 | 876 | 786 | 831 | 9.2% |
Top Export Markets for Magnesium; Waste and Scrap from Vietnam in 2022:
- Thailand (350.4 tons)
- United States (134.7 tons)
- South Korea (25.7 tons)
- Taiwan (Chinese) (8.8 tons)
Imports of Magnesium; Waste and Scrap in Vietnam
In 2022, purchases abroad of magnesium; waste and scraps decreased by -1.8% to 267 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 +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 3.9% against the previous year.
In value terms, magnesium; waste and scrap imports expanded slightly to $431K in 2022. In general, imports showed a perceptible reduction.
| Import of Magnesium; Waste and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 424 | 414 | 401 | 417 | -0.6% |
| United States | 35.4 | 25.0 | 17.6 | 13.3 | -27.8% |
| Others | 6.3 | 3.4 | N/A | N/A | -46.0% |
| Total | 466 | 442 | 419 | 431 | -2.6% |
Top Suppliers of Magnesium; Waste and Scrap to Vietnam in 2022:
- South Korea (259.3 tons)
- United States (7.8 tons)
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