Vietnam: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in Vietnam

The Vietnamese dicalcium phosphate market fell rapidly to $X in 2021, declining by -92.5% against the previous year. In general, consumption showed a significant decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Dicalcium Phosphate Production in Vietnam

In value terms, dicalcium phosphate production shrank to $X in 2021 estimated in export price. Overall, production, however, enjoyed mild growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 41%. As a result, production attained the peak level of $X, and then reduced in the following year.

Dicalcium Phosphate Exports

Exports from Vietnam

In 2021, the amount of calcium hydrogenorthophosphate (dicalcium phosphate) exported from Vietnam surged to X tons, rising by 16% on 2020. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 840% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, dicalcium phosphate exports soared to $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 814% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Japan (X tons) were the main destinations of dicalcium phosphate exports from Vietnam, with a combined 50% share of total exports. These countries were followed by India, Nepal, Bangladesh, Thailand, Taiwan (Chinese), Pakistan, Ecuador, Peru, Nigeria and Ghana, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +154.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dicalcium phosphate exported from Vietnam were Malaysia ($X), Indonesia ($X) and Japan ($X), together comprising 54% of total exports. India, Bangladesh, Thailand, Taiwan (Chinese), Pakistan, Nigeria, Ghana, Nepal, Peru and Ecuador lagged somewhat behind, together accounting for a further 34%.

Thailand, with a CAGR of +281.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dicalcium phosphate export price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.8%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 70% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+119.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dicalcium Phosphate Imports

Imports into Vietnam

In 2021, approx. X tons of calcium hydrogenorthophosphate (dicalcium phosphate) were imported into Vietnam; rising by 21% compared with the previous year's figure. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, dicalcium phosphate imports soared to $X in 2021. Over the period under review, imports enjoyed a modest increase. The growth pace was the most rapid in 2016 with an increase of 60%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main dicalcium phosphate supplier to Vietnam, with a 91% share of total imports. It was followed by Japan (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-5.2% per year) and Italy (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of calcium hydrogenorthophosphate (dicalcium phosphate) to Vietnam, comprising 91% of total imports. The second position in the ranking was held by Japan ($X), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.1% per year) and Italy (+6.9% per year).

Import Prices by Country

The average dicalcium phosphate import price stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the import price recorded a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 51% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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