Price for Steel, Alloy; Ingots and Other Primary Forms in Vietnam - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Vietnam (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Vietnam (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Vietnam
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Vietnam
Price for Steel, Alloy; Ingots and Other Primary Forms in Vietnam (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $1,596 per ton in December 2021, leveling off at the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 3.1% against the previous month. As a result, import price attained the peak level of $1,646 per ton; afterwards, it flattened through to December 2021.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Japan ($1,601 per ton) and Taiwan (Chinese) ($1,594 per ton), while the price for China ($1,594 per ton) and South Korea ($1,594 per ton) were amongst the lowest.
From September 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Vietnam (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $1,050 per ton, reducing by -9% against the previous year. In general, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2019 an increase of 87% against the previous year. The export price peaked at $3,123 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($59,746 per ton), while the average price for exports to China ($882 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 South Korea (+332.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Vietnam
For the fourth year in a row, Vietnam recorded growth in supplies from abroad of steel, alloy; ingots and other primary formses, which increased by 97% to 6.6K tons in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 3,353% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, alloy; ingots and other primary formses surged to $21M in 2022. In general, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 3,144%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 0.2 | 5.2 | 12.5 | 400.0% |
| Japan | 0.1 | 0.1 | 3.5 | 5.1 | 270.8% |
| South Korea | N/A | N/A | 0.9 | 1.4 | 55.6% |
| France | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Others | N/A | N/A | 0.7 | 1.4 | 100.0% |
| Total | 0.2 | 0.3 | 10.7 | 21.0 | 371.8% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Vietnam in 2022:
- China (4.0K tons)
- Japan (1.7K tons)
- South Korea (0.6K tons)
- France (0.1K tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Vietnam
For the fourth year in a row, Vietnam recorded growth in shipments abroad of steel, alloy; ingots and other primary formses, which increased by 16% to 1.1K tons in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 295%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of steel, alloy; ingots and other primary formses expanded notably to $1.1M in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 176% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 435 | 342 | 353 | 656 | 14.7% |
| Taiwan (Chinese) | 5.3 | 43.5 | 512 | 353 | 305.4% |
| Others | 15.3 | 1.6 | 204 | 121 | 99.2% |
| Total | 456 | 387 | 1,070 | 1,130 | 35.3% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Vietnam in 2022:
- China (743.9 tons)
- Taiwan (Chinese) (330.6 tons)
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