Stainless Steel Wire Price in Vietnam - 2022
Contents:
- Stainless Steel Wire Price in Vietnam (CIF) - 2022
- Stainless Steel Wire Price in Vietnam (FOB) - 2022
- Stainless Steel Wire Imports in Vietnam
- Stainless Steel Wire Exports in Vietnam
Stainless Steel Wire Price in Vietnam (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $6,863 per ton, approximately equating the previous year. In general, the import price saw strong growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 34%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($6,863 per ton) and India ($6,863 per ton), while the price for China ($6,863 per ton) and South Korea ($6,863 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Vietnam (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $6,589 per ton, remaining stable against the previous year. In general, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($6,589 per ton) and Thailand ($6,589 per ton), while the average price for exports to Cambodia ($6,586 per ton) and Canada ($6,589 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 the United States (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Vietnam
Stainless steel wire imports into Vietnam was estimated at 12K tons in 2022, stabilizing at the previous year's figure. Overall, imports saw a abrupt setback. The smallest decline of -4.1% was in 2020.
In value terms, stainless steel wire imports stood at $86M in 2022. In general, imports enjoyed moderate growth. The smallest decline of -3.1% was in 2020. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Stainless Steel Wire in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.6 | 27.5 | N/A | 38.6 | 16.2% |
| Thailand | 13.0 | 12.5 | N/A | 12.2 | -2.1% |
| Japan | 12.9 | 12.8 | N/A | 10.9 | -5.5% |
| South Korea | 8.4 | 5.8 | N/A | 7.8 | -2.4% |
| Taiwan (Chinese) | 9.5 | 7.5 | N/A | 6.8 | -10.5% |
| Philippines | 5.3 | 5.5 | N/A | 4.1 | -8.2% |
| India | 2.4 | 2.1 | N/A | 4.1 | 19.5% |
| Others | 0.8 | 0.7 | N/A | 1.1 | 11.2% |
| Total | 76.8 | 74.5 | N/A | 85.6 | 3.7% |
Top Suppliers of Stainless Steel Wire to Vietnam in 2022:
- China (5.6K tons)
- Thailand (1.8K tons)
- Japan (1.6K tons)
- South Korea (1.1K tons)
- Taiwan (Chinese) (1.0K tons)
- Philippines (0.6K tons)
- India (0.6K tons)
Stainless Steel Wire Exports in Vietnam
In 2022, overseas shipments of stainless steel wire decreased by 0% to 8.4K tons, falling for the second year in a row after two years of growth. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, stainless steel wire exports stood at $55M in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 18%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Stainless Steel Wire in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.2 | 7.2 | N/A | 14.2 | 64.3% |
| Japan | 6.1 | 7.3 | N/A | 13.6 | 30.6% |
| South Korea | 9.2 | 7.6 | N/A | 8.4 | -3.0% |
| United States | 1.6 | 2.9 | N/A | 5.0 | 46.2% |
| Thailand | 2.1 | 3.8 | N/A | 4.0 | 24.0% |
| Canada | 0.8 | 1.5 | N/A | 3.5 | 63.6% |
| Indonesia | 0.6 | 0.6 | N/A | 1.9 | 46.8% |
| China | 3.8 | 1.6 | N/A | 0.8 | -40.5% |
| Myanmar | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Others | 1.3 | 1.4 | N/A | 3.9 | 44.2% |
| Total | 29.1 | 34.3 | N/A | 55.4 | 23.9% |
Top Export Markets for Stainless Steel Wire from Vietnam in 2022:
- Taiwan (Chinese) (2152.6 tons)
- Japan (2060.1 tons)
- South Korea (1278.0 tons)
- United States (761.0 tons)
- Thailand (614.1 tons)
- Canada (532.3 tons)
- Indonesia (288.3 tons)
- China (122.2 tons)
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