Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $14,273 per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $17,167 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($14,273 per ton) and Thailand ($14,273 per ton), while the price for Singapore ($14,273 per ton) and China ($14,273 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $13,167 per ton, increasing by 11% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 28%. The export price peaked at $18,412 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($13,167 per ton) and Thailand ($13,167 per ton), while the average price for exports to China ($13,167 per ton) and Germany ($13,167 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 Indonesia (+0.6%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam
In 2022, after three years of growth, there was significant decline in purchases abroad of iron or steel; non-threaded cotters and cotter-pinses, when their volume decreased by -5.2% to 5.2K tons. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 4.8% against the previous year. As a result, imports attained the peak of 5.5K tons, and then reduced in the following year.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses reduced slightly to $74M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports attained the peak of $77M, and then fell in the following year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.7 | 23.4 | 30.5 | 33.6 | 21.6% |
| Japan | 13.6 | 13.1 | 14.5 | 13.1 | -1.2% |
| South Korea | 7.0 | 8.7 | 8.7 | 7.6 | 2.8% |
| Taiwan (Chinese) | 5.5 | 5.4 | 6.8 | 5.9 | 2.4% |
| Thailand | 4.7 | 5.6 | 6.6 | 5.5 | 5.4% |
| Germany | 0.9 | 0.8 | 1.0 | 1.7 | 23.6% |
| United States | 1.8 | 1.4 | 1.5 | 1.5 | -5.9% |
| Malaysia | 2.1 | 1.4 | 3.7 | 0.9 | -24.6% |
| Others | 3.9 | 3.6 | 4.2 | 4.0 | 0.8% |
| Total | 58.4 | 63.4 | 77.5 | 73.8 | 8.1% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Vietnam in 2022:
- China (2351.7 tons)
- Japan (914.4 tons)
- South Korea (534.1 tons)
- Taiwan (Chinese) (416.8 tons)
- Thailand (388.5 tons)
- Germany (118.8 tons)
- United States (102.8 tons)
- Malaysia (66.3 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel; non-threaded cotters and cotter-pinses, when their volume decreased by -6.3% to 2.2K tons. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.8% 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 +76.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of 2.3K tons, and then reduced in the following year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses stood at $29M in 2022. The total export value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 23%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.8 | 14.3 | 17.1 | 17.6 | 8.4% |
| Thailand | 1.8 | 2.0 | 2.7 | 2.4 | 10.1% |
| Brazil | 1.6 | 1.2 | 1.9 | 1.8 | 4.0% |
| United States | 1.0 | 1.5 | 1.5 | 1.8 | 21.6% |
| Indonesia | 1.6 | 1.4 | 1.6 | 1.6 | 0.0% |
| Germany | 0.8 | 0.4 | 0.7 | 0.8 | 0.0% |
| China | 0.4 | 0.4 | 0.5 | 0.7 | 20.5% |
| Others | 1.2 | 1.6 | 1.8 | 2.2 | 22.4% |
| Total | 22.3 | 22.7 | 27.9 | 28.9 | 9.0% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Vietnam in 2022:
- Japan (1336.4 tons)
- Thailand (183.5 tons)
- Brazil (138.3 tons)
- United States (135.5 tons)
- Indonesia (121.3 tons)
- Germany (59.3 tons)
- China (52.8 tons)
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