Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Vietnam - 2022

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Vietnam (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Vietnam (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Vietnam
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Vietnam

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Vietnam (CIF) - 2022

In December 2022, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,233 per ton, declining by -2.3% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 an increase of 21% month-to-month. The import price peaked at $1,460 per ton in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from China ($1,641 per ton) and Japan ($1,462 per ton), while the price for India ($1,147 per ton) and Taiwan (Chinese) ($1,251 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Vietnam (FOB) - 2022

In December 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,492 per ton, falling by -14.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 26% m-o-m. The export price peaked at $1,749 per ton in November 2022, and then reduced in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($1,661 per ton), while the average price for exports to the Philippines ($1,054 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Vietnam

In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores imported into Vietnam fell notably to 1M tons, dropping by -65.9% compared with 2021. In general, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores declined dramatically to $908M in 2022. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 75% against the previous year. As a result, imports reached the peak of $2.2B, and then declined significantly in the following year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Vietnam in 2022:

1. India (359.3K tons)
2. Taiwan (Chinese) (204.8K tons)
3. South Korea (169.1K tons)
4. Japan (162.8K tons)
5. China (144.7K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Vietnam

In 2022, after three years of growth, there was significant decline in shipments abroad of alloy steel flat-rolled products, of a width 600mm or mores, when their volume decreased by -35.4% to 104K tons. Over the period under review, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 93% against the previous year. As a result, the exports reached the peak of 161K tons, and then contracted significantly in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores declined sharply to $162M in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 242%. As a result, the exports attained the peak of $191M, and then contracted sharply in the following year.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Vietnam in 2022:

1. Italy (39.9K tons)
2. Thailand (23.4K tons)
3. Brazil (12.9K tons)
4. Malaysia (11.8K tons)
5. Indonesia (5.6K tons)
6. Germany (4.4K tons)
7. Brunei Darussalam (2.1K tons)

Source: IndexBox Market Intelligence Platform