Price for Zinc; Bars, Rods, Profiles and Wire in Vietnam - 2022
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Vietnam (CIF) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in Vietnam (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Vietnam
- Exports of Zinc; Bars, Rods, Profiles and Wire in Vietnam
Price for Zinc; Bars, Rods, Profiles and Wire in Vietnam (CIF) - 2022
The average import price for zinc; bars, rods, profiles and wires stood at $4,646 per ton in 2022, picking up by 17% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zinc; bars, rods, profiles and wires increased by +43.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 32% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($4,719 per ton) and Japan ($4,719 per ton), while the price for Belgium ($3,458 per ton) and Australia ($4,717 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc; Bars, Rods, Profiles and Wire in Vietnam (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $4,838 per ton in 2022, with an increase of 22% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 zinc; bars, rods, profiles and wires increased by +39.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Lao People's Democratic Republic ($4,841 per ton) and Indonesia ($4,838 per ton), while the average price for exports to Malaysia ($4,837 per ton) and Thailand ($4,838 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 Indonesia (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Zinc; Bars, Rods, Profiles and Wire in Vietnam
In 2022, supplies from abroad of zinc; bars, rods, profiles and wires decreased by -15.5% to 1.7K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 30%. As a result, imports reached the peak of 2.4K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of zinc; bars, rods, profiles and wires shrank modestly to $7.7M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 19%. As a result, imports reached the peak of $7.9M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Zinc; Bars, Rods, Profiles and Wire in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 1.3 | 3.4 | 2.6 | 15.2% |
| Taiwan (Chinese) | 2.2 | 3.3 | 2.0 | 2.5 | 4.4% |
| Japan | 0.6 | 0.8 | 0.8 | 0.9 | 14.5% |
| South Korea | 0.7 | 0.5 | 0.5 | 0.6 | -5.0% |
| India | 0.3 | 0.3 | 0.6 | 0.4 | 10.1% |
| Belgium | 0.3 | 0.5 | 0.1 | 0.3 | 0.0% |
| Germany | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Others | 0.5 | 0.9 | 0.2 | 0.2 | -26.3% |
| Total | 6.7 | 7.9 | 7.8 | 7.7 | 4.7% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Vietnam in 2022:
- China (552.0 tons)
- Taiwan (Chinese) (529.0 tons)
- Japan (194.6 tons)
- South Korea (136.7 tons)
- Belgium (85.8 tons)
- India (77.4 tons)
- Germany (33.8 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Vietnam
Exports of zinc; bars, rods, profiles and wires from Vietnam reached 126 tons in 2022, picking up by 2.9% on the previous year's figure. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of zinc; bars, rods, profiles and wires skyrocketed to $608K in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 73% 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 near future.
| Export of Zinc; Bars, Rods, Profiles and Wire in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 91.4 | 52.6 | 209 | 359 | 57.8% |
| Indonesia | N/A | 30.6 | 68.5 | 141 | 114.7% |
| Cambodia | 200 | 174 | 154 | 87.1 | -24.2% |
| Malaysia | 15.7 | 8.6 | 3.8 | 8.6 | -18.2% |
| Taiwan (Chinese) | N/A | N/A | 26.6 | N/A | 0% |
| Others | 20.8 | 14.1 | 22.4 | 12.7 | -15.2% |
| Total | 328 | 280 | 484 | 608 | 22.8% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Vietnam in 2022:
- Thailand (74.2 tons)
- Indonesia (29.2 tons)
- Cambodia (18.0 tons)
- Malaysia (1.8 tons)
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