Phenols; Phenol-Alcohols Price in Vietnam - 2022
Contents:
- Phenols; Phenol-Alcohols Price in Vietnam (CIF) - 2021
- Phenols; Phenol-Alcohols Price in Vietnam (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in Vietnam
- Phenols; Phenol-Alcohols Exports in Vietnam
Phenols; Phenol-Alcohols Price in Vietnam (CIF) - 2021
The average phenols; phenol-alcohols import price stood at $2,047 per ton in December 2021, falling by -3.8% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2021 an increase of 28% m-o-m. Over the period under review, average import prices attained the peak figure at $2,951 per ton in March 2021; however, from April 2021 to December 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Germany ($3,405 per ton), while the price for Saudi Arabia ($1,368 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in Vietnam (FOB) - 2022
The average phenols; phenol-alcohols export price stood at $5,641 per ton in 2022, increasing by 10% against the previous year. Overall, the export price recorded resilient growth. The pace of growth was the most pronounced in 2019 an increase of 50% against the previous year. The export price peaked at $6,232 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($12,377 per ton), while the average price for exports to Singapore ($575 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 China (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Imports in Vietnam
After three years of growth, purchases abroad of phenols; phenol-alcoholses decreased by -3% to 8.8K tons in 2022. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 12%.
In value terms, phenols; phenol-alcohols imports reduced to $17M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of $20M, and then contracted in the following year.
| Import of Phenols; Phenol-Alcohols in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 2.5 | 4.1 | 3.2 | 1.1% |
| South Korea | 1.9 | 1.7 | 2.6 | 2.8 | 13.8% |
| Taiwan (Chinese) | 2.6 | 2.8 | 2.8 | 2.4 | -2.6% |
| Japan | 2.1 | 3.1 | 3.3 | 2.2 | 1.6% |
| Thailand | 0.4 | 0.9 | 1.8 | 1.6 | 58.7% |
| Germany | 0.7 | 0.9 | 1.0 | 0.8 | 4.6% |
| India | 0.4 | 0.4 | 0.5 | 0.7 | 20.5% |
| Indonesia | 0.5 | N/A | 0.5 | 0.4 | -7.2% |
| Malaysia | 0.2 | 0.1 | 0.5 | 0.4 | 26.0% |
| Saudi Arabia | 0.2 | 0.1 | 0.4 | 0.3 | 14.5% |
| Others | 2.1 | 2.5 | 2.1 | 2.6 | 7.4% |
| Total | 14.4 | 15.0 | 19.7 | 17.3 | 6.3% |
Top Suppliers of Phenols; Phenol-Alcohols to Vietnam in 2022:
- Taiwan (Chinese) (2059.7 tons)
- South Korea (1695.9 tons)
- China (1544.5 tons)
- Thailand (1210.6 tons)
- Japan (579.1 tons)
- Indonesia (363.4 tons)
- Malaysia (306.5 tons)
- Saudi Arabia (267.6 tons)
- Germany (135.1 tons)
- India (90.7 tons)
Phenols; Phenol-Alcohols Exports in Vietnam
In 2022, phenols; phenol-alcohols exports from Vietnam declined to 16 tons, shrinking by -5.4% compared with the year before. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year.
In value terms, phenols; phenol-alcohols exports amounted to $91K in 2022. Over the period under review, exports recorded a mild descent.
| Export of Phenols; Phenol-Alcohols in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 31.1 | 42.5 | 48.7 | 43.8 | 12.1% |
| Cambodia | 17.2 | 24.5 | 28.6 | 26.3 | 15.2% |
| Thailand | 12.4 | 14.5 | 0.3 | 10.9 | -4.2% |
| India | 5.1 | 6.3 | 6.3 | 6.4 | 7.9% |
| Malaysia | 1.7 | 1.3 | 0.4 | 1.4 | -6.3% |
| China | 19.8 | 4.8 | 1.0 | 0.8 | -65.7% |
| Singapore | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
| United Arab Emirates | 2.7 | N/A | N/A | N/A | 0% |
| Bangladesh | 3.9 | N/A | N/A | N/A | 0% |
| Others | 1.7 | 0.9 | 1.9 | 1.4 | -6.3% |
| Total | 95.9 | 95.3 | 87.7 | 91.5 | -1.6% |
Top Export Markets for Phenols; Phenol-Alcohols from Vietnam in 2022:
- Taiwan (Chinese) (6.1 tons)
- Cambodia (3.7 tons)
- India (3.5 tons)
- Thailand (1.4 tons)
- Singapore (0.8 tons)
- Malaysia (0.5 tons)
- China (0.1 tons)
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