Vietnam - Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Deformed Non-Alloy Steel Wire Rod in Vietnam - 2022
Contents:
- Price for Deformed Non-Alloy Steel Wire Rod in Vietnam (FOB) - 2022
- Price for Deformed Non-Alloy Steel Wire Rod in Vietnam (CIF) - 2022
- Exports of Deformed Non-Alloy Steel Wire Rod in Vietnam
- Imports of Deformed Non-Alloy Steel Wire Rod in Vietnam
Price for Deformed Non-Alloy Steel Wire Rod in Vietnam (FOB) - 2022
In 2022, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $528 per ton, reducing by -4.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 25%. The export price peaked at $657 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($688 per ton), while the average price for exports to Canada ($415 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 Pakistan (+5.3%), while the prices for the other major destinations experienced a decline.
Price for Deformed Non-Alloy Steel Wire Rod in Vietnam (CIF) - 2022
The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $1,052 per ton in 2022, waning by -2.1% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, deformed non-alloy steel wire rod import price increased by +74.2% against 2013 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 35%. Over the period under review, average import prices attained the maximum at $1,074 per ton in 2021, and then dropped slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($1,281 per ton), while the price for South Korea ($793 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Deformed Non-Alloy Steel Wire Rod in Vietnam
In 2022, deformed non-alloy steel wire rod exports from Vietnam fell modestly to 243K tons, almost unchanged from 2021 figures. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 2.7%.
In value terms, deformed non-alloy steel wire rod exports shrank to $128M in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 12%.
Export of Deformed Non-Alloy Steel Wire Rod in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cambodia | 151 | 78.6 | 91.3 | 86.9 | -16.8% |
Pakistan | 13.7 | 22.0 | 32.2 | 26.6 | 24.8% |
Lao People's Democratic Republic | 10.7 | 7.8 | 4.7 | 6.3 | -16.2% |
Canada | 4.8 | 8.3 | 0.8 | 3.8 | -7.5% |
South Korea | 1.3 | 1.5 | 1.8 | 1.8 | 11.5% |
Others | 5.2 | 2.7 | 4.8 | 2.9 | -17.7% |
Total | 187 | 121 | 136 | 128 | -11.9% |
Top Export Markets for Deformed Non-Alloy Steel Wire Rod from Vietnam in 2022:
- Cambodia (173.6K tons)
- Pakistan (38.7K tons)
- Lao People's Democratic Republic (13.0K tons)
- Canada (9.2K tons)
- South Korea (4.3K tons)
Imports of Deformed Non-Alloy Steel Wire Rod in Vietnam
In 2022, supplies from abroad of ribbed or other deformed wire rod of non-alloy steel was finally on the rise to reach 2.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a perceptible decline.
In value terms, deformed non-alloy steel wire rod imports expanded slightly to $3.1M in 2022. Overall, imports, however, recorded a slight downturn.
Import of Deformed Non-Alloy Steel Wire Rod in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 947 | 569 | 1,151 | 1,231 | 9.1% |
South Korea | 978 | 423 | 890 | 1,124 | 4.7% |
Thailand | 1,034 | 492 | 788 | 511 | -20.9% |
China | 154 | 69.8 | 78.0 | 85.0 | -18.0% |
Malaysia | N/A | 1,502 | N/A | N/A | 0% |
Others | 101 | 61.4 | 115 | 120 | 5.9% |
Total | 3,214 | 3,117 | 3,024 | 3,071 | -1.5% |
Top Suppliers of Deformed Non-Alloy Steel Wire Rod to Vietnam in 2022:
- South Korea (1417.1 tons)
- Taiwan (Chinese) (986.0 tons)
- Thailand (398.6 tons)
- China (80.4 tons)
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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