Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Vietnam - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Vietnam (FOB) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Vietnam (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Vietnam
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Vietnam
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Vietnam (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,710 per ton in 2022, almost unchanged from the previous year. Overall, the export price recorded buoyant growth. The growth pace was the most rapid in 2018 an increase of 86% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lao People's Democratic Republic ($1,710 per ton) and Japan ($1,710 per ton), while the average price for exports to Malaysia ($1,710 per ton) and Thailand ($1,710 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 Taiwan (Chinese) (+11.5%), 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 Zinc in Vietnam (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,602 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw measured growth. The pace of growth was the most pronounced in 2018 an increase of 37%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($1,604 per ton) and Malaysia ($1,604 per ton), while the price for China ($1,604 per ton) and South Korea ($1,604 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), 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 Zinc in Vietnam
In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by 0% to 32K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2020 when exports increased by 2.6%. As a result, the exports attained the peak of 36K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs amounted to $54M in 2022. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1.9%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.9 | 6.7 | N/A | 19.9 | 50.0% |
| Lao People's Democratic Republic | 12.9 | 15.9 | N/A | 12.8 | -0.3% |
| Cambodia | 18.0 | 15.1 | N/A | 10.6 | -16.2% |
| Taiwan (Chinese) | 1.5 | 1.6 | N/A | 5.3 | 52.3% |
| Japan | 1.1 | 0.9 | N/A | 1.2 | 2.9% |
| Malaysia | N/A | N/A | N/A | 1.2 | 0% |
| Thailand | N/A | N/A | N/A | 1.2 | 0% |
| Others | 0.3 | 0.3 | N/A | 1.8 | 81.7% |
| Total | 39.8 | 40.5 | N/A | 54.0 | 10.7% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Vietnam in 2022:
- South Korea (11.7K tons)
- Lao People's Democratic Republic (7.5K tons)
- Cambodia (6.2K tons)
- Taiwan (Chinese) (3.1K tons)
- Japan (0.7K tons)
- Malaysia (0.7K tons)
- Thailand (0.7K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Vietnam
In 2022, purchases abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by 0% to 23K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year. As a result, imports reached the peak of 47K 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 zincs amounted to $37M in 2022. In general, imports showed a mild increase. The pace of growth was the most pronounced in 2020 when imports increased by 45%. As a result, imports attained the peak of $52M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.1 | 47.4 | N/A | 29.1 | -1.1% |
| South Korea | 4.6 | 2.9 | N/A | 4.6 | 0.0% |
| Malaysia | 0.1 | 0.4 | N/A | 1.4 | 141.0% |
| India | N/A | N/A | N/A | 1.0 | 0% |
| Others | 0.9 | 1.2 | N/A | 0.9 | 0.0% |
| Total | 35.7 | 51.9 | N/A | 37.0 | 1.2% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Vietnam in 2022:
- China (18.2K tons)
- South Korea (2.9K tons)
- Malaysia (0.9K tons)
- India (0.6K 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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