Vietnam: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2024

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Vietnam

The Vietnamese chloride oxides of metal market shrank to $X in 2021, waning by -10% against the previous year. Overall, consumption saw a slight downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Vietnam

In value terms, chloride oxides of metal production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Chloride oxides of metal production peaked at $X in 2020, and then fell in the following year.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from Vietnam

In 2021, after three years of decline, there was significant growth in shipments abroad of chloride oxides and chloride hydroxides of copper and other metals, when their volume increased by 34% to X tons. In general, exports saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 677% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chloride oxides of metal exports surged to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 750%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for chloride oxides of metal exports from Vietnam, with a 94% share of total exports. Moreover, chloride oxides of metal exports to Japan exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to +43.6%.

In value terms, Japan ($X) remains the key foreign market for chloride oxides and chloride hydroxides of copper and other metals exports from Vietnam, comprising 94% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 6.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +50.1%.

Export Prices by Country

In 2021, the average chloride oxides of metal export price amounted to $X per ton, waning by -6.8% against the previous year. In general, the export price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2018 an increase of 82% against the previous year. The export price peaked at $X per ton in 2020, and then dropped in the following year.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Japan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+19.9%).

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into Vietnam

In 2021, overseas purchases of chloride oxides and chloride hydroxides of copper and other metals increased by 34% to X tons, rising for the third year in a row after two years of decline. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 422% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, chloride oxides of metal imports soared to $X in 2021. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 336% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), Malaysia (X tons) and Mexico (X tons) were the main suppliers of chloride oxides of metal imports to Vietnam, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +124.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of chloride oxides and chloride hydroxides of copper and other metals to Vietnam, comprising 69% of total imports. The second position in the ranking was held by Mexico ($X), with a 21% share of total imports. It was followed by Malaysia, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+20.3% per year) and Malaysia (+126.2% per year).

Import Prices by Country

The average chloride oxides of metal import price stood at $X per ton in 2021, rising by 13% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 44%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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