Vietnam: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Vietnam

The Vietnamese market for chromium, manganese, lead and copper oxides and hydroxides reduced to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Vietnam

In value terms, production of chromium, manganese, lead and copper oxides and hydroxides contracted modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports from Vietnam

For the third year in a row, Vietnam recorded growth in shipments abroad of chromium, manganese, lead and copper oxides and hydroxides, which increased by X% to X tons in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides expanded sharply to $X in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for exports of chromium, manganese, lead and copper oxides and hydroxides from Vietnam, accounting for a X% share of total exports. Moreover, exports of chromium, manganese, lead and copper oxides and hydroxides to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for chromium, manganese, lead and copper oxides and hydroxides exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

Export Prices by Country

The average export price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2022, flattening at the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chromium, manganese, lead and copper oxides and hydroxides increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell modestly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports into Vietnam

In 2022, after ten years of growth, there was significant decline in overseas purchases of chromium, manganese, lead and copper oxides and hydroxides, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides contracted to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest chromium, manganese, lead and copper oxide and hydroxide supplier to Vietnam, with a X% share of total imports. Moreover, imports of chromium, manganese, lead and copper oxides and hydroxides from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, the largest chromium, manganese, lead and copper oxide and hydroxide suppliers to Vietnam were Thailand ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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