Vietnam: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Vietnam

The Vietnamese complex fluorine salts market dropped sharply to $X in 2021, with a decrease of -18.5% against the previous year. Overall, consumption recorded a abrupt decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Complex Fluorine Salts Production in Vietnam

In value terms, complex fluorine salts production reduced rapidly to $X in 2021 estimated in export price. In general, production faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 123% against the previous year. Complex fluorine salts production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Complex Fluorine Salts Exports

Exports from Vietnam

In 2021, the amount of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exported from Vietnam declined remarkably to X tons, reducing by -30.3% compared with the previous year. Over the period under review, exports saw a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 143% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, complex fluorine salts exports soared to $X in 2021. Overall, exports continue to indicate a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for complex fluorine salts exports from Vietnam, with a 65% share of total exports. Moreover, complex fluorine salts exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+7.4% per year) and India (+6.6% per year).

In value terms, the largest markets for complex fluorine salts exported from Vietnam were Malaysia ($X), China ($X) and India ($X), together comprising 100% of total exports.

India, with a CAGR of +16.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average complex fluorine salts export price stood at $X per ton in 2021, surging by 321% against the previous year. In general, the export price recorded a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to India ($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 China (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into Vietnam

For the third consecutive year, Vietnam recorded growth in purchases abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts, which increased by 2.2% to X tons in 2021. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 134%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, complex fluorine salts imports skyrocketed to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 113%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest complex fluorine salts supplier to Vietnam, accounting for a 82% share of total imports. Moreover, complex fluorine salts imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+29.8% per year) and Taiwan (Chinese) (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts to Vietnam, comprising 70% of total imports. The second position in the ranking was taken by Japan ($X), with a 5.3% share of total imports. It was followed by Thailand, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.3% per year) and Thailand (+24.0% per year).

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, increasing by 30% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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 Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :