Vietnam: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in Vietnam

The Vietnamese market for manganites, manganates and permanganates, molybdates and tungstates soared to $X in 2021, growing by 26% against the previous year. In general, consumption, however, recorded a abrupt setback. Manganites, manganates, molybdates and tungstates consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in Vietnam

In value terms, manganites, manganates, molybdates and tungstates production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 74%. Manganites, manganates, molybdates and tungstates production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from Vietnam

In 2021, after two years of decline, there was significant growth in overseas shipments of manganites, manganates and permanganates, molybdates and tungstates, when their volume increased by 18% to X tons. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 389% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, manganites, manganates, molybdates and tungstates exports soared to $X in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of 314%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), the Netherlands (X tons) and China (X tons) were the main destinations of manganites, manganates, molybdates and tungstates exports from Vietnam, together accounting for 58% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +75.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for manganites, manganates, molybdates and tungstates exported from Vietnam were Germany ($X), the Netherlands ($X) and the United States ($X), with a combined 62% share of total exports.

The Netherlands, with a CAGR of +77.2%, 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 export price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, growing by 30% against the previous year. In general, the export price, however, showed a slight decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to France ($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 Japan (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into Vietnam

In 2021, overseas purchases of manganites, manganates and permanganates, molybdates and tungstates were finally on the rise to reach X tons after three years of decline. Overall, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by 394%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports surged to $X in 2021. Over the period under review, imports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 212% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Lao People's Democratic Republic (X tons) was the main supplier of manganites, manganates, molybdates and tungstates to Vietnam, with a 94% share of total imports. Moreover, manganites, manganates, molybdates and tungstates imports from Lao People's Democratic Republic exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Lao People's Democratic Republic amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.3% per year) and India (-18.5% per year).

In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of manganites, manganates and permanganates, molybdates and tungstates to Vietnam, comprising 78% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Lao People's Democratic Republic was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.8% per year) and India (+0.9% per year).

Import Prices by Country

In 2021, the average import price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, dropping by -9.4% against the previous year. In general, the import price, however, enjoyed a notable expansion. The growth pace was the most rapid in 2018 an increase of 91% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 India ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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