Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam (FOB) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,728 per ton in 2022, standing approx. at the previous year. Overall, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($1,742 per ton) and Thailand ($1,742 per ton), while the average price for exports to Croatia ($1,336 per ton) and Hungary ($1,742 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 China (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,859 per ton, stabilizing at the previous year. Over the period under review, the import price enjoyed a pronounced increase. The growth pace was the most rapid in 2018 when the average import price increased by 26%. 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 ($1,859 per ton) and Thailand ($1,859 per ton), while the price for China ($1,859 per ton) and South Korea ($1,859 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam
In 2022, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses from Vietnam stood at 52K tons, approximately equating the previous year. In general, exports posted a prominent expansion. The smallest decline of -10.2% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $90M in 2022. Overall, exports enjoyed a prominent increase. The smallest decline of -12.4% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.6 | 8.7 | N/A | 19.5 | 36.9% |
| South Korea | 16.8 | 10.7 | N/A | 19.5 | 5.1% |
| Thailand | 10.5 | 10.5 | N/A | 12.3 | 5.4% |
| United States | 7.2 | 5.8 | N/A | 9.6 | 10.1% |
| India | 3.1 | 3.4 | N/A | 7.5 | 34.2% |
| Indonesia | 5.5 | 4.3 | N/A | 7.1 | 8.9% |
| Hungary | N/A | N/A | N/A | 4.8 | 0% |
| Croatia | 3.6 | 3.2 | N/A | 2.3 | -13.9% |
| Others | 6.1 | 6.3 | N/A | 8.0 | 9.5% |
| Total | 60.5 | 53.0 | N/A | 90.5 | 14.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Vietnam in 2022:
- Japan (11.2K tons)
- South Korea (11.2K tons)
- Thailand (7.0K tons)
- United States (5.5K tons)
- India (4.3K tons)
- Indonesia (4.1K tons)
- Hungary (2.8K tons)
- Croatia (1.7K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam
In 2022, supplies from abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by 0% to 28K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 32%. As a result, imports reached the peak of 36K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $51M in 2022. Overall, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.0 | 14.3 | N/A | 28.9 | 38.0% |
| Malaysia | 12.7 | 7.2 | N/A | 13.4 | 1.8% |
| South Korea | 7.0 | 6.9 | N/A | 6.5 | -2.4% |
| Japan | 2.1 | 15.6 | N/A | 1.7 | -6.8% |
| Thailand | 0.8 | 0.7 | N/A | 0.6 | -9.1% |
| Others | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Total | 33.8 | 44.7 | N/A | 51.2 | 14.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Vietnam in 2022:
- China (15.5K tons)
- Malaysia (7.2K tons)
- South Korea (3.5K tons)
- Japan (0.9K tons)
- Thailand (0.3K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
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This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
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This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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