Vietnam: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Vietnam

The Vietnamese barium or aluminium sulphates market expanded slightly to $X in 2022, growing by 2% 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). In general, consumption showed a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Exports of Sulphates Of Barium Or Aluminium

Exports from Vietnam

In 2022, approx. X tons of sulphates of barium or aluminium were exported from Vietnam; growing by 12% against the previous year. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 2,613% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, barium or aluminium sulphates exports amounted to $X in 2022. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 2,438%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), New Zealand (X tons) and Cambodia (X tons) were the main destinations of barium or aluminium sulphates exports from Vietnam, with a combined 89% share of total exports. Indonesia, Lao People's Democratic Republic and Thailand lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +30.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for sulphates of barium or aluminium exports from Vietnam, comprising 55% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 20% share of total exports. It was followed by Indonesia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-5.5% per year) and Indonesia (+10.7% per year).

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, with a decrease of -4.1% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphates Of Barium Or Aluminium

Imports into Vietnam

In 2022, the amount of sulphates of barium or aluminium imported into Vietnam expanded rapidly to X tons, surging by 6.8% compared with the year before. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 24%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports reached $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest barium or aluminium sulphates supplier to Vietnam, with a 72% share of total imports. Moreover, barium or aluminium sulphates imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-2.4% per year) and Italy (+29.0% per year).

In value terms, China ($X) constituted the largest supplier of sulphates of barium or aluminium to Vietnam, comprising 81% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+3.2% per year) and Italy (+35.5% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, shrinking by -5.2% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined 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 Italy ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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