Vietnam: Hydrazine And Hydroxylamine Market 2024

Hydrazine And Hydroxylamine Market Size in Vietnam

The Vietnamese hydrazine and hydroxylamine market soared to $X in 2022, picking up by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.2% against 2020 indices. Hydrazine and hydroxylamine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Hydrazine And Hydroxylamine Exports

Exports from Vietnam

In 2022, after two years of growth, there was significant decline in shipments abroad of hydrazine and hydroxylamine and their inorganic salts, when their volume decreased by -19.5% to X tons. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 849%. The exports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, hydrazine and hydroxylamine exports declined dramatically to $X in 2022. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of 623% against the previous year. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic totaled +34.4%.

In value terms, Lao People's Democratic Republic ($X) also remains the key foreign market for hydrazine and hydroxylamine and their inorganic salts exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic amounted to +36.6%.

Export Prices by Country

In 2022, the average hydrazine and hydroxylamine export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 24%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, 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 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +1.6% per year.

Hydrazine And Hydroxylamine Imports

Imports into Vietnam

In 2022, approx. X tons of hydrazine and hydroxylamine and their inorganic salts were imported into Vietnam; picking up by 24% against the previous year's figure. Over the period under review, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 49% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, hydrazine and hydroxylamine imports surged to $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 46% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and Belarus (X tons) were the main suppliers of hydrazine and hydroxylamine imports to Vietnam, together accounting for 71% of total imports. France, Belgium, the Netherlands, Thailand, Malaysia, India, Singapore and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +54.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), France ($X) and China ($X) constituted the largest hydrazine and hydroxylamine suppliers to Vietnam, together comprising 63% of total imports. Belarus, Malaysia, the Netherlands, Belgium, Thailand, India, Singapore and Germany lagged somewhat behind, together comprising a further 34%.

Belgium, with a CAGR of +68.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydrazine and hydroxylamine import price stood at $X per ton in 2022, which is down by -2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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