Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $656 per ton in 2022, which is down by -14.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 53%. The import price peaked at $770 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($759 per ton), while the price for Malaysia ($494 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $905 per ton in 2022, shrinking by -5.3% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 11%. The export price peaked at $1,235 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Indonesia ($948 per ton) and South Korea ($936 per ton), while the average price for exports to Taiwan (Chinese) ($848 per ton) and Malaysia ($901 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 Malaysia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam
In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Vietnam reduced modestly to 284K tons, which is down by -4.2% compared with 2021 figures. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 9.2% against the previous year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined notably to $186M in 2022. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, imports reached the peak of $228M, and then declined notably in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 174 | 121 | 199 | 153 | -4.2% |
| South Korea | 5.6 | 11.0 | 20.8 | 11.5 | 27.1% |
| Malaysia | 27.1 | 3.4 | 0.2 | 8.5 | -32.1% |
| United Arab Emirates | 0.4 | 0.5 | 2.0 | 7.2 | 162.1% |
| Japan | 6.2 | 3.8 | 4.3 | 3.3 | -19.0% |
| Others | 3.9 | 4.7 | 2.2 | 3.1 | -7.4% |
| Total | 217 | 144 | 228 | 186 | -5.0% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Vietnam in 2022:
- China (230.8K tons)
- Malaysia (17.2K tons)
- South Korea (15.2K tons)
- United Arab Emirates (11.8K tons)
- Japan (4.8K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam
After two years of decline, shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by 9.6% to 230 tons in 2022. Overall, exports, however, recorded a abrupt curtailment.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses expanded slightly to $208K in 2022. Over the period under review, exports, however, showed a pronounced curtailment.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 24.8 | 3.9 | 29.2 | 51.3 | 27.4% |
| South Korea | N/A | N/A | 24.2 | 50.5 | 108.7% |
| Thailand | 106 | 56.2 | 29.1 | 43.0 | -26.0% |
| Taiwan (Chinese) | 32.4 | 71.2 | 71.4 | 39.8 | 7.1% |
| Indonesia | 57.3 | 21.2 | 18.0 | 21.3 | -28.1% |
| China | N/A | 4.0 | 18.3 | 0.3 | -72.6% |
| Philippines | N/A | 50.0 | 6.2 | N/A | -87.6% |
| Others | 11.5 | 9.1 | 3.9 | 1.8 | -46.1% |
| Total | 232 | 216 | 200 | 208 | -3.6% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Vietnam in 2022:
- Malaysia (56.9 tons)
- South Korea (53.9 tons)
- Taiwan (Chinese) (47.0 tons)
- Thailand (46.8 tons)
- Indonesia (22.5 tons)
- China (0.2 tons)
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