Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam - 2022
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam (FOB) - 2022
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam (CIF) - 2022
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam (FOB) - 2022
In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $6,029 per ton, growing by 2% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or steel cast fittings, other than of non-malleable cast ira decreased by -19.7% against 2020 indices. The growth pace was the most rapid in 2016 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the maximum at $7,512 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($6,029 per ton) and the United States ($6,029 per ton), while the average price for exports to Indonesia ($6,000 per ton) and Singapore ($6,029 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 the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam (CIF) - 2022
In 2022, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $6,537 per ton, with an increase of 9% against the previous year. In general, the import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 61%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($6,537 per ton) and Japan ($6,537 per ton), while the price for the Netherlands ($6,535 per ton) and Singapore ($6,537 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam
In 2022, exports of iron or steel cast fittings, other than of non-malleable cast ira from Vietnam surged to 6.8K tons, rising by 45% on 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 82%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira surged to $41M in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.5 | 15.0 | 19.9 | 29.6 | 170.2% |
| Japan | 1.5 | 1.7 | 2.6 | 4.4 | 43.1% |
| Taiwan (Chinese) | 2.2 | 2.2 | 1.6 | 2.2 | 0.0% |
| South Korea | 2.9 | 2.2 | 1.8 | 1.9 | -13.1% |
| Singapore | 2.3 | 1.6 | 0.4 | 1.5 | -13.3% |
| Thailand | 1.0 | 0.7 | 0.3 | 0.8 | -7.2% |
| Canada | N/A | 0.9 | 0.9 | 0.1 | -66.7% |
| Others | 0.7 | 0.5 | 0.4 | 0.8 | 4.6% |
| Total | 12.0 | 24.8 | 27.8 | 41.2 | 50.9% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Vietnam in 2022:
- United States (4904.4 tons)
- Japan (731.7 tons)
- Taiwan (Chinese) (357.9 tons)
- South Korea (312.3 tons)
- Singapore (246.6 tons)
- Thailand (132.0 tons)
- Canada (9.8 tons)
Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam
After two years of decline, purchases abroad of iron or steel cast fittings, other than of non-malleable cast ira increased by 54% to 3K tons in 2022. Over the period under review, imports, however, showed a deep reduction.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira surged to $20M in 2022. In general, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.1 | 9.9 | 7.7 | 10.8 | 5.9% |
| Italy | 1.0 | 1.7 | 0.6 | 3.6 | 53.3% |
| South Korea | 1.2 | 2.0 | 1.4 | 2.1 | 20.5% |
| Japan | 1.9 | 1.0 | 0.3 | 1.4 | -9.7% |
| India | 0.8 | 0.4 | 0.1 | 0.4 | -20.6% |
| Singapore | 1.8 | 0.8 | 0.8 | 0.3 | -45.0% |
| Thailand | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Others | 1.2 | 1.3 | 0.7 | 1.0 | -5.9% |
| Total | 17.4 | 17.4 | 11.8 | 19.8 | 4.4% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Vietnam in 2022:
- China (1654.2 tons)
- Italy (544.2 tons)
- South Korea (327.5 tons)
- Japan (211.0 tons)
- India (61.2 tons)
- Thailand (39.8 tons)
- Singapore (38.4 tons)
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