Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Vietnam - 2022

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Vietnam (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Vietnam (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Vietnam
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Vietnam

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Vietnam (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $9.3 per unit in 2022, increasing by 15% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 17%. As a result, import price attained the peak level of $11 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($9.9 per unit) and Spain ($9.6 per unit), while the price for Germany ($7.1 per unit) and Japan ($9.1 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Vietnam (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $11 per unit, flattening at the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +8.1% 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 sanitary ware and parts thereof, of iron or steel increased by +10.8% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 69%. Over the period under review, the average export prices hit record highs at $11 per unit in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($11 per unit), while the average price for exports to Taiwan (Chinese) ($2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Vietnam

In 2022, approx. 18M units of sanitary ware and parts thereof, of iron or steel were imported into Vietnam; picking up by 3.8% compared with the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 557%. As a result, imports reached the peak of 19M units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of sanitary ware and parts thereof, of iron or steel skyrocketed to $170M in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 458% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Vietnam in 2022:

1. China (14.5M units)
2. Germany (1.3M units)
3. South Korea (0.5M units)
4. Hong Kong SAR (0.5M units)
5. Italy (0.3M units)
6. Japan (0.3M units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Vietnam

In 2022, the amount of sanitary ware and parts thereof, of iron or steel exported from Vietnam soared to 11M units, rising by 32% against 2021. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.4% 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 +83.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 41% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of sanitary ware and parts thereof, of iron or steel soared to $120M in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Vietnam in 2022:

1. United States (9.8M units)
2. Canada (0.3M units)
3. Cambodia (0.3M units)
4. South Korea (0.3M units)
5. Taiwan (Chinese) (0.2M units)

Source: IndexBox Market Intelligence Platform