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

Contents:

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

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

In December 2022, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $2,437 per ton, dropping by -6.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2022 an increase of 31% m-o-m. Over the period under review, average import prices attained the peak figure at $2,825 per ton in October 2022; however, from November 2022 to December 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,573 per ton), while the price for Japan ($2,050 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for alloy steel flat-rolled products, of a width of less than 600mms stood at $2,850 per ton in December 2022, standing approximately at the previous month. Over the period under review, export price indicated a tangible increase from December 2021 to December 2022: its price increased at an average monthly rate of +3.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, export price for alloy steel flat-rolled products, of a width of less than 600mms increased by +36.9% against September 2022 indices. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 48% against the previous month. The export price peaked at $3,316 per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In December 2022, the countries with the highest prices were Malaysia ($3,515 per ton) and China ($3,515 per ton), while the average price for exports to Egypt ($2,479 per ton) and Thailand ($2,479 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Vietnam

Imports of alloy steel flat-rolled products, of a width of less than 600mms into Vietnam shrank dramatically to 49K tons in 2022, which is down by -18.4% against the previous year's figure. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of 59K tons, and then dropped markedly in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms expanded remarkably to $130M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 9.2%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (16.8K tons)
2. Japan (11.4K tons)
3. France (8.1K tons)
4. South Korea (4.6K tons)
5. Germany (3.9K tons)
6. Sweden (1.6K tons)
7. Taiwan (Chinese) (1.3K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Vietnam

After three years of growth, overseas shipments of alloy steel flat-rolled products, of a width of less than 600mms decreased by -14.1% to 3.8K tons in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.4% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of 4.5K tons, and then dropped in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms rose sharply to $6.1M in 2022. The total export value increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. As a result, the exports attained the peak of $6.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Switzerland (1479.6 tons)
2. Malaysia (810.7 tons)
3. Indonesia (409.8 tons)
4. United States (387.6 tons)
5. Sri Lanka (244.0 tons)
6. Singapore (141.4 tons)
7. Thailand (121.9 tons)
8. Philippines (73.6 tons)

Source: IndexBox Market Intelligence Platform