Organo-Sulphur Compounds; Methionine Price in Vietnam - 2021
Contents:
- Organo-Sulphur Compounds; Methionine Price in Vietnam (CIF) - 2022
- Organo-Sulphur Compounds; Methionine Price in Vietnam (FOB) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Vietnam
- Organo-Sulphur Compounds; Methionine Exports in Vietnam
Organo-Sulphur Compounds; Methionine Price in Vietnam (CIF) - 2022
In 2022, the average organo-sulphur compounds; methionine import price amounted to $2,237 per ton, falling by -3.9% against the previous year. Over the period under review, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22%. Over the period under review, average import prices attained the maximum at $3,780 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,830 per ton), while the price for the United States ($1,728 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Organo-Sulphur Compounds; Methionine Price in Vietnam (FOB) - 2022
In 2022, the average organo-sulphur compounds; methionine export price amounted to $1,976 per ton, with a decrease of -23.9% against the previous year. Over the period under review, the export price saw a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 18% against the previous year. The export price peaked at $4,644 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($14,274 per ton), while the average price for exports to Myanmar ($1,381 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 Hong Kong SAR (+9.3%), while the prices for the other major destinations experienced a decline.
Organo-Sulphur Compounds; Methionine Imports in Vietnam
In 2022, approx. 44K tons of organo-sulphur compounds; methionines were imported into Vietnam; surging by 3.1% against the year before. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 909%. As a result, imports attained the peak of 51K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, organo-sulphur compounds; methionine imports reduced slightly to $98M in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 820% against the previous year.
| Import of Organo-Sulphur Compounds; Methionine in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.3 | 15.2 | 19.6 | 37.5 | 206.7% |
| Japan | 4.3 | 26.9 | 31.5 | 25.3 | 80.5% |
| Malaysia | 1.8 | 27.1 | 21.6 | 17.3 | 112.6% |
| China | 0.3 | 9.5 | 15.0 | 12.0 | 242.0% |
| Belgium | 2.4 | 14.4 | 9.1 | 4.2 | 20.5% |
| Others | 0.4 | 4.2 | 2.5 | 1.9 | 68.1% |
| Total | 10.6 | 97.3 | 99.3 | 98.3 | 110.1% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Vietnam in 2022:
- Singapore (17.7K tons)
- Japan (11.0K tons)
- Malaysia (7.5K tons)
- China (5.2K tons)
- Belgium (1.5K tons)
Organo-Sulphur Compounds; Methionine Exports in Vietnam
In 2022, the amount of organo-sulphur compounds; methionines exported from Vietnam skyrocketed to 505 tons, picking up by 20% against 2021 figures. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 189%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, organo-sulphur compounds; methionine exports reduced to $998K in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 204%.
| Export of Organo-Sulphur Compounds; Methionine in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 133 | 421 | 507 | 462 | 51.4% |
| China | 65.6 | 167 | 175 | 138 | 28.1% |
| Lao People's Democratic Republic | 12.0 | 79.6 | 150 | 137 | 125.2% |
| Malaysia | 23.3 | 68.4 | 82.6 | 74.8 | 47.5% |
| Peru | 15.9 | 51.6 | 69.2 | 69.6 | 63.6% |
| Myanmar | 17.4 | 34.4 | 10.0 | 34.3 | 25.4% |
| Venezuela | 10.4 | 28.7 | 32.7 | 27.8 | 38.8% |
| Others | 19.8 | 55.9 | 62.6 | 55.2 | 40.7% |
| Total | 298 | 907 | 1,089 | 998 | 49.6% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from Vietnam in 2022:
- Cambodia (284.2 tons)
- Lao People's Democratic Republic (64.8 tons)
- China (42.8 tons)
- Malaysia (34.6 tons)
- Myanmar (24.9 tons)
- Peru (24.7 tons)
- Venezuela (14.2 tons)
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