Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Vietnam - 2022

Contents:

1. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Vietnam (CIF) - 2022
2. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Vietnam (FOB) - 2022
3. Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Vietnam
4. Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Vietnam

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Vietnam (CIF) - 2022

The average import price for containers for compressed or liquefied gas, of iron or steel stood at $48 per unit in 2022, growing by 9.8% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The import price peaked at $58 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($48 per unit) and India ($48 per unit), while the price for South Korea ($48 per unit) and the United States ($48 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.8%), while the prices for the other major suppliers experienced a decline.

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Vietnam (FOB) - 2022

The average export price for containers for compressed or liquefied gas, of iron or steel stood at $42 per unit in 2022, increasing by 2% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. The export price peaked at $48 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($42 per unit) and China ($42 per unit), while the average price for exports to Cambodia ($42 per unit) and New Zealand ($42 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Vietnam

For the third year in a row, Vietnam recorded decline in supplies from abroad of containers for compressed or liquefied gas, of iron or steel, which decreased by -13.8% to 808K units in 2022. In general, imports faced a drastic downturn. The smallest decline of -10.5% was in 2021. Over the period under review, imports of hit record highs at 1.3M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel reduced to $39M in 2022. Overall, imports recorded a deep contraction. The smallest decline of -5.2% was in 2021. Over the period under review, imports of attained the peak figure at $50M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Vietnam in 2022:

1. China (622.9K units)
2. Japan (32.9K units)
3. France (26.0K units)
4. India (25.5K units)
5. South Korea (21.8K units)
6. Germany (16.6K units)
7. Thailand (14.1K units)
8. Malaysia (9.6K units)

Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Vietnam

In 2022, after three years of growth, there was significant decline in overseas shipments of containers for compressed or liquefied gas, of iron or steel, when their volume decreased by -14.3% to 626K units. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 103% against the previous year. As a result, the exports reached the peak of 730K units, and then reduced in the following year.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel shrank to $26M in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 86%. Over the period under review, the exports of hit record highs at $30M in 2021, and then reduced in the following year.

Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Vietnam in 2022:

1. United States (414.6K units)
2. Philippines (56.8K units)
3. South Korea (48.4K units)
4. Tanzania (42.8K units)
5. Japan (15.8K units)
6. Australia (12.3K units)
7. New Zealand (9.9K units)
8. Taiwan (Chinese) (0.8K units)

Source: IndexBox Market Intelligence Platform