Report Update Nov 1, 2024

Vietnam - Bismuth - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Bismuth Market 2022

Bismuth Market Size in Vietnam

After three years of growth, the Vietnamese bismuth market decreased by -6.3% to $X in 2021. Overall, consumption showed a deep slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Bismuth Production in Vietnam

In value terms, bismuth production soared to $X in 2021 estimated in export price. Over the period under review, production faced a dramatic slump. Bismuth production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Bismuth Exports

Exports from Vietnam

In 2021, overseas shipments of bismuth increased by 143% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 3,845%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, bismuth exports surged to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 1,292%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for bismuth exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lao People's Democratic Republic stood at +117.8%.

In value terms, Lao People's Democratic Republic ($X) also remains the key foreign market for bismuth exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to Lao People's Democratic Republic totaled +54.2%.

Export Prices by Country

The average bismuth export price stood at $X per ton in 2021, shrinking by -27% against the previous year. Overall, the export price continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 2.4%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the 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 Lao People's Democratic Republic.

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to +16.3% per year.

Bismuth Imports

Imports into Vietnam

In 2021, overseas purchases of bismuth decreased by -8.2% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 4,715%. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, bismuth imports shrank remarkably to $X in 2021. In general, imports, however, recorded moderate growth. The growth pace was the most rapid in 2018 with an increase of 3,802%. Imports peaked at $X in 2020, and then declined notably in the following year.

Imports by Country

In 2021, the United States (X tons) was the main supplier of bismuth to Vietnam, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of bismuth to Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +2.9%.

Import Prices by Country

In 2021, the average bismuth import price amounted to $X per ton, shrinking by -10.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2017 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +2.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bismuth in the world?

China remains the largest bismuth consuming country worldwide, comprising approx. 49% of total volume. Moreover, bismuth consumption in China exceeded the figures recorded by the second-largest consumer, Vietnam, sixfold. Hong Kong SAR ranked third in terms of total consumption with a 7.8% share.

What are the largest producers of bismuth in the world?

China constituted the country with the largest volume of bismuth production, accounting for 75% of total volume. Moreover, bismuth production in China exceeded the figures recorded by the second-largest producer, Vietnam, eightfold. The third position in this ranking was occupied by Lao People's Democratic Republic, with a 4.7% share.

What are the leading suppliers of bismuth to Vietnam?

In value terms, the United States constituted the largest supplier of bismuth to Vietnam.

What is the average export price for bismuth in Vietnam?

In 2021, the average bismuth export price amounted to $15,023 per ton, growing by 31% against the previous year.

What is the average import price for bismuth in Vietnam?

In 2021, the average bismuth import price amounted to $11,344 per ton, picking up by 80% against the previous year.

This report provides an in-depth analysis of the bismuth market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023