Vietnam - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Stainless Steel Household Articles in Vietnam - 2021
Contents:
- Price for Stainless Steel Household Articles in Vietnam (FOB) - 2022
- Price for Stainless Steel Household Articles in Vietnam (CIF) - 2022
- Exports of Stainless Steel Household Articles in Vietnam
- Imports of Stainless Steel Household Articles in Vietnam
Price for Stainless Steel Household Articles in Vietnam (FOB) - 2022
The average stainless steel household articles export price stood at $4.6 per unit in 2022, which is down by -1.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 6.6% against the previous year. As a result, the export price attained the peak level of $5.1 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($5.8 per unit), while the average price for exports to Canada ($3.2 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 Russia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel Household Articles in Vietnam (CIF) - 2022
In 2022, the average stainless steel household articles import price amounted to $6.3 per unit, shrinking by -3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $6.6 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($6.5 per unit) and China ($6.3 per unit), while the price for South Korea ($5.8 per unit) and Thailand ($5.8 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced a decline.
Exports of Stainless Steel Household Articles in Vietnam
In 2022, after two years of decline, there was growth in overseas shipments of table, kitchen or household articles and parts of stainless steel, when their volume increased by 0.7% to 32M units. Overall, exports, however, saw a noticeable slump. The exports peaked at 37M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, stainless steel household articles exports reduced to $148M in 2022. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 1.9% against the previous year. Over the period under review, the exports hit record highs at $175M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Stainless Steel Household Articles in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 39.6 | 41.5 | 53.6 | 41.7 | 1.7% |
United States | 48.3 | 16.3 | 24.9 | 31.1 | -13.6% |
Germany | 6.1 | 7.4 | 6.0 | 12.0 | 25.3% |
Netherlands | 20.5 | 22.1 | 13.1 | 11.7 | -17.1% |
Japan | 6.9 | 6.4 | 4.9 | 7.8 | 4.2% |
Canada | 5.3 | 3.8 | 6.0 | 7.1 | 10.2% |
France | 3.2 | 3.5 | 2.4 | 4.0 | 7.7% |
Russia | 4.1 | 3.7 | 5.1 | 4.0 | -0.8% |
Italy | 6.8 | 5.7 | 3.5 | 2.7 | -26.5% |
Poland | 5.3 | 6.0 | 2.9 | 2.4 | -23.2% |
Others | 28.5 | 30.1 | 26.6 | 23.4 | -6.4% |
Total | 175 | 146 | 149 | 148 | -5.4% |
Top Export Markets for Stainless Steel Household Articles from Vietnam in 2022:
- United States (8.6M units)
- South Korea (7.9M units)
- Netherlands (2.7M units)
- Germany (2.4M units)
- Canada (2.2M units)
- Japan (1.5M units)
- Russia (0.8M units)
- France (0.7M units)
- Poland (0.6M units)
- Italy (0.5M units)
Imports of Stainless Steel Household Articles in Vietnam
In 2022, approx. 6.8M units of table, kitchen or household articles and parts of stainless steel were imported into Vietnam; shrinking by -3.8% on the previous year's figure. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 9.5%. Over the period under review, imports hit record highs at 7.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, stainless steel household articles imports shrank to $43M in 2022. The total import value increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 16%. As a result, imports reached the peak of $46M, and then reduced in the following year.
Import of Stainless Steel Household Articles in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 34.9 | 34.0 | 40.6 | 37.4 | 2.3% |
Thailand | 2.5 | 2.5 | 1.7 | 2.0 | -7.2% |
Germany | 1.0 | 0.9 | 1.1 | 1.0 | 0.0% |
South Korea | 1.1 | 0.5 | 0.8 | 0.7 | -14.0% |
Others | 1.8 | 1.5 | 1.7 | 1.5 | -5.9% |
Total | 41.4 | 39.4 | 45.8 | 42.6 | 1.0% |
Top Suppliers of Stainless Steel Household Articles to Vietnam in 2022:
- China (5.9M units)
- Thailand (0.3M units)
- Germany (0.2M units)
- South Korea (0.1M units)
This report provides an in-depth analysis of the market for stainless steel household articles in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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