Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $689 per ton in 2022, reducing by -15.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 52% against the previous year. As a result, the export price reached the peak level of $813 per ton, and then shrank significantly in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($743 per ton) and Thailand ($715 per ton), while the average price for exports to China ($618 per ton) and Pakistan ($685 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $712 per ton, with a decrease of -15.4% against the previous year. In general, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. As a result, import price reached the peak level of $842 per ton, and then reduced remarkably in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($799 per ton) and China ($711 per ton), while the price for Malaysia ($703 per ton) and Thailand ($703 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam
In 2022, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -9.8% to 1M tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% 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 +49.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 33%.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses dropped sharply to $689M in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 89%. As a result, the exports attained the peak of $902M, and then fell markedly in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 197 | 124 | 130 | 126 | -13.8% |
| China | 0.2 | 45.8 | 113 | 113 | 726.7% |
| Thailand | 56.3 | 68.0 | 101 | 87.2 | 15.7% |
| Japan | 33.8 | 33.6 | 101 | 70.2 | 27.6% |
| South Korea | 1.7 | 0.1 | 69.7 | 67.2 | 240.6% |
| Canada | N/A | 12.0 | 71.6 | 60.3 | 124.2% |
| Malaysia | 32.9 | 57.6 | 48.1 | 38.5 | 5.4% |
| Philippines | 4.8 | 42.9 | 102 | 32.3 | 88.8% |
| Others | 59.6 | 92.4 | 165 | 94.2 | 16.5% |
| Total | 386 | 476 | 902 | 689 | 21.3% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Vietnam in 2022:
- Cambodia (183.6K tons)
- China (182.3K tons)
- Thailand (121.9K tons)
- Japan (100.6K tons)
- South Korea (90.4K tons)
- Canada (86.4K tons)
- Malaysia (54.3K tons)
- Philippines (46.2K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Vietnam reduced to 272K tons, waning by -9.9% on the previous year. In general, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 25%.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses shrank rapidly to $194M in 2022. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 91% against the previous year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 138 | 67.9 | 109 | 92.4 | -12.5% |
| Japan | 53.9 | 32.2 | 48.3 | 40.0 | -9.5% |
| China | 45.8 | 7.8 | 72.0 | 35.5 | -8.1% |
| Taiwan (Chinese) | 19.8 | 18.7 | 21.0 | 12.7 | -13.8% |
| Malaysia | 30.5 | 5.8 | N/A | 7.6 | -37.1% |
| Thailand | N/A | 0.2 | 1.3 | 5.0 | 400.0% |
| Others | 3.8 | 0.5 | 2.0 | 0.3 | -57.1% |
| Total | 291 | 133 | 254 | 194 | -12.6% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Vietnam in 2022:
- South Korea (131.1K tons)
- Japan (56.6K tons)
- China (49.9K tons)
- Taiwan (Chinese) (15.9K tons)
- Malaysia (10.8K tons)
- Thailand (7.2K tons)
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