Price for Safety Pins and Other Pins; of Iron or Steel in Vietnam - 2022
Contents:
- Price for Safety Pins and Other Pins; of Iron or Steel in Vietnam (CIF) - 2022
- Price for Safety Pins and Other Pins; of Iron or Steel in Vietnam (FOB) - 2022
- Imports of Safety Pins and Other Pins; of Iron or Steel in Vietnam
- Exports of Safety Pins and Other Pins; of Iron or Steel in Vietnam
Price for Safety Pins and Other Pins; of Iron or Steel in Vietnam (CIF) - 2022
In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $15,365 per ton, remaining constant against the previous year. Overall, the import price showed a measured expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 115% against the previous year. As a result, import price reached the peak level of $23,511 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($61,657 per ton), while the price for Indonesia ($6,932 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Safety Pins and Other Pins; of Iron or Steel in Vietnam (FOB) - 2022
The average export price for safety pins and other pins; of iron or steels stood at $7,388 per ton in 2022, falling by -38.2% against the previous year. In general, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $12,799 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($57,691 per ton), while the average price for exports to Cambodia ($1,665 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+22.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Safety Pins and Other Pins; of Iron or Steel in Vietnam
Imports of safety pins and other pins; of iron or steels into Vietnam surged to 265 tons in 2022, jumping by 19% against the previous year's figure. Over the period under review, imports, however, showed a deep contraction.
In value terms, imports of safety pins and other pins; of iron or steels soared to $4.1M in 2022. In general, imports showed a relatively flat trend pattern.
| Import of Safety Pins and Other Pins; of Iron or Steel in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,877 | 2,476 | 1,710 | 2,272 | 6.6% |
| Indonesia | 480 | 695 | 284 | 457 | -1.6% |
| South Korea | 82.9 | 237 | 368 | 367 | 64.2% |
| Malaysia | 18.3 | 36.9 | 53.4 | 276 | 147.1% |
| Singapore | 623 | 495 | 617 | 168 | -35.4% |
| Japan | 656 | 320 | 97.0 | 148 | -39.1% |
| Hong Kong SAR | 91.8 | 28.9 | 152 | 93.4 | 0.6% |
| Others | 171 | 342 | 151 | 295 | 19.9% |
| Total | 4,000 | 4,631 | 3,432 | 4,076 | 0.6% |
Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Vietnam in 2022:
- China (163.1 tons)
- Indonesia (65.9 tons)
- Japan (8.6 tons)
- Malaysia (8.5 tons)
- South Korea (7.9 tons)
- Hong Kong SAR (3.7 tons)
- Singapore (2.7 tons)
Exports of Safety Pins and Other Pins; of Iron or Steel in Vietnam
In 2022, shipments abroad of safety pins and other pins; of iron or steels was finally on the rise to reach 124 tons after two years of decline. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of safety pins and other pins; of iron or steels rose rapidly to $917K in 2022. In general, exports, however, continue to indicate a noticeable contraction.
| Export of Safety Pins and Other Pins; of Iron or Steel in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 692 | 364 | 358 | 715 | 1.1% |
| Singapore | 240 | 197 | 32.2 | 41.5 | -44.3% |
| South Korea | 2.6 | 2.6 | 41.1 | 30.8 | 128.0% |
| Cambodia | N/A | 18.0 | 13.9 | 14.6 | -9.9% |
| Philippines | 32.5 | 5.3 | 3.0 | 7.7 | -38.1% |
| United States | 7.7 | 90.7 | 130 | 4.7 | -15.2% |
| Indonesia | 4.9 | 297 | 204 | 0.9 | -43.2% |
| Others | 40.0 | 31.4 | 35.8 | 102 | 36.6% |
| Total | 1,020 | 1,006 | 817 | 917 | -3.5% |
Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Vietnam in 2022:
- Japan (106.0 tons)
- Cambodia (8.8 tons)
- South Korea (2.6 tons)
- Singapore (1.8 tons)
- Philippines (0.8 tons)
- United States (0.3 tons)
- Indonesia (0.1 tons)
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