Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Vietnam - 2022
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Vietnam (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Vietnam
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Vietnam (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $11,647 per ton, increasing by 27% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 57% against the previous year. The import price peaked at $26,232 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 the United States ($35,000 per ton), while the price for Canada ($500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.4%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Vietnam
In 2022, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses into Vietnam shrank dramatically to 17 kg, with a decrease of -15% against the year before. In general, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 11%.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses expanded remarkably to $198 in 2022. Over the period under review, imports recorded a significant decline.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Vietnam (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,248 | 129 | 104 | 105 | -56.2% |
| Germany | 559 | 69.0 | 68.0 | 82.0 | -47.3% |
| India | 147 | 13.0 | 9.0 | 8.0 | -62.1% |
| Canada | N/A | N/A | 1.0 | 1.0 | 0.0% |
| Singapore | 2.0 | 1.0 | 1.0 | 1.0 | -20.6% |
| Belgium | 7.0 | 1.0 | 1.0 | 1.0 | -47.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,963 | 213 | 184 | 198 | -53.5% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Vietnam in 2022:
- Germany (9.0 kg)
- United States (3.0 kg)
- Canada (2.0 kg)
- Singapore (1.0 kg)
- India (1.0 kg)
- Belgium (1.0 kg)
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