Price for Brass Tubes and Pipes in Vietnam - 2022
Contents:
- Price for Brass Tubes and Pipes in Vietnam (CIF) - 2022
- Price for Brass Tubes and Pipes in Vietnam (FOB) - 2022
- Imports of Brass Tubes and Pipes in Vietnam
- Exports of Brass Tubes and Pipes in Vietnam
Price for Brass Tubes and Pipes in Vietnam (CIF) - 2022
The average brass tubes and pipes import price stood at $12,524 per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($12,524 per ton) and Taiwan (Chinese) ($12,524 per ton), while the price for South Korea ($12,523 per ton) and China ($12,524 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Brass Tubes and Pipes in Vietnam (FOB) - 2022
The average brass tubes and pipes export price stood at $11,040 per ton in 2022, rising by 9.4% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brass tubes and pipes export price increased by +35.7% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 51% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +2.2% per year.
Imports of Brass Tubes and Pipes in Vietnam
Brass tubes and pipes imports into Vietnam amounted to 411 tons in 2022, picking up by 4.2% on the year before. Overall, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year.
In value terms, brass tubes and pipes imports soared to $5.1M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Brass Tubes and Pipes in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.8 | 2.3 | 3.4 | 4.0 | 12.6% |
| Japan | 0.4 | 0.2 | 0.2 | 0.5 | 7.7% |
| South Korea | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Taiwan (Chinese) | 0.5 | 0.4 | 0.4 | 0.1 | -41.5% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 4.2 | 3.1 | 4.3 | 5.1 | 6.7% |
Top Suppliers of Brass Tubes and Pipes to Vietnam in 2022:
- China (320.0 tons)
- Japan (36.4 tons)
- South Korea (34.7 tons)
- Taiwan (Chinese) (11.3 tons)
Exports of Brass Tubes and Pipes in Vietnam
In 2022, the amount of tubes and pipes of copper-zinc base alloys (brass) exported from Vietnam reached 158 tons, picking up by 5.6% on the previous year. Over the period under review, exports, however, showed a dramatic decline. The pace of growth was the most pronounced in 2020 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 639 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, brass tubes and pipes exports skyrocketed to $1.7M in 2022. In general, exports, however, recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, the exports attained the peak of $5.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Brass Tubes and Pipes in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.3 | 1.4 | 1.3 | 1.7 | 9.4% |
| United States | 3.0 | 4.0 | 0.2 | N/A | -74.2% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 4.4 | 5.4 | 1.5 | 1.7 | -27.2% |
Top Export Markets for Brass Tubes and Pipes from Vietnam in 2022:
- Japan (158.4 tons)
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