Vietnam - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStranded Wire Price in Vietnam - 2021
Contents:
- Stranded Wire Price in Vietnam (FOB) - 2021
- Stranded Wire Price in Vietnam (CIF) - 2021
- Stranded Wire Exports in Vietnam
- Stranded Wire Imports in Vietnam
Stranded Wire Price in Vietnam (FOB) - 2021
The average stranded wire export price stood at $2,964 per ton in December 2021, stabilizing at the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2021 when the average export price increased by 6.4% against the previous month. Over the period under review, the average export prices attained the peak figure at $2,979 per ton in April 2021; afterwards, it flattened through to December 2021.
Average prices varied noticeably for the major foreign markets. In December 2021, the highest price was recorded for prices to Japan ($3,131 per ton) and Thailand ($2,998 per ton), while the average price for exports to Italy ($2,915 per ton) and Germany ($2,915 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Stranded Wire Price in Vietnam (CIF) - 2021
The average stranded wire import price stood at $2,828 per ton in December 2021, remaining relatively unchanged against the previous month. In general, the import price recorded a slight expansion. The pace of growth appeared the most rapid in January 2021 when the average import price increased by 11% m-o-m. The import price peaked at $2,858 per ton in March 2021; however, from April 2021 to December 2021, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the highest price was recorded for prices from South Korea ($3,015 per ton) and China ($2,822 per ton), while the price for Malaysia ($2,721 per ton) and Thailand ($2,729 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Stranded Wire Exports in Vietnam
In 2022, approx. 228K tons of stranded wire, ropes and cables were exported from Vietnam; shrinking by -21.2% on the previous year. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 74%. As a result, the exports attained the peak of 290K tons, and then declined markedly in the following year.
In value terms, stranded wire exports reduced markedly to $480M in 2022. Over the period under review, total exports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 91%. As a result, the exports reached the peak of $630M, and then contracted notably in the following year.
Export of Stranded Wire in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 140 | 92.1 | 183 | 164 | 5.4% |
Philippines | 47.0 | 33.4 | 58.1 | 44.9 | -1.5% |
South Korea | 52.3 | 35.7 | 48.6 | 43.6 | -5.9% |
Belgium | 40.8 | 21.5 | 36.6 | 32.8 | -7.0% |
Luxembourg | 24.0 | 20.2 | 34.7 | 31.2 | 9.1% |
Thailand | 19.1 | 15.3 | 17.8 | 18.1 | -1.8% |
Japan | 12.0 | 11.3 | 18.9 | 16.6 | 11.4% |
India | 7.1 | 9.5 | 17.5 | 15.7 | 30.3% |
China | 13.9 | 15.3 | 14.6 | 13.0 | -2.2% |
Poland | 13.8 | 5.9 | 13.1 | 11.7 | -5.4% |
Germany | 12.7 | 9.2 | 9.3 | 8.8 | -11.5% |
Italy | 6.0 | 5.0 | 9.4 | 8.4 | 11.9% |
Others | 76.9 | 55.7 | 169 | 71.4 | -2.4% |
Total | 466 | 330 | 630 | 480 | 1.0% |
Top Export Markets for Stranded Wire from Vietnam in 2022:
- United States (82.3K tons)
- Luxembourg (25.1K tons)
- South Korea (21.6K tons)
- Belgium (16.4K tons)
- Japan (8.0K tons)
- India (7.9K tons)
- Thailand (6.7K tons)
- Philippines (6.6K tons)
- China (6.1K tons)
- Poland (5.6K tons)
- Italy (4.2K tons)
- Germany (4.1K tons)
Stranded Wire Imports in Vietnam
Stranded wire imports into Vietnam contracted slightly to 89K tons in 2022, declining by -2.6% against the previous year's figure. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.2%. As a result, imports reached the peak of 91K tons, and then fell slightly in the following year.
In value terms, stranded wire imports contracted to $247M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of $274M, and then fell in the following year.
Import of Stranded Wire in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 140 | 149 | 195 | 170 | 6.7% |
Thailand | 24.1 | 19.1 | 27.0 | 23.5 | -0.8% |
Indonesia | 8.9 | 18.7 | 9.0 | 12.8 | 12.9% |
South Korea | 12.9 | 12.4 | 10.9 | 10.3 | -7.2% |
Japan | 4.9 | 6.2 | 8.5 | 9.4 | 24.3% |
Malaysia | 3.5 | 3.2 | 8.4 | 7.2 | 27.2% |
Others | 13.3 | 11.1 | 15.4 | 13.5 | 0.5% |
Total | 208 | 219 | 274 | 247 | 5.9% |
Top Suppliers of Stranded Wire to Vietnam in 2022:
- China (63.0K tons)
- Thailand (8.3K tons)
- Indonesia (4.5K tons)
- South Korea (3.9K tons)
- Japan (2.6K tons)
- Malaysia (2.3K tons)
This report provides an in-depth analysis of the stranded wire market 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
- Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
- Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
- Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
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
This report provides an in-depth analysis of the stranded wire market in Vietnam.
This report provides an in-depth analysis of the steel stranded wire market in Vietnam.
This report provides an in-depth analysis of the steel plaited band market in Vietnam.
This report provides an in-depth analysis of the global stranded wire market.
This report provides an in-depth analysis of the global steel stranded wire market.
This report provides an in-depth analysis of the global steel plaited band market.
This report provides an in-depth analysis of the stranded wire market in Vietnam.
This report provides an in-depth analysis of the steel stranded wire market in Vietnam.
This report provides an in-depth analysis of the steel plaited band market in Vietnam.
This report provides an in-depth analysis of the global stranded wire market.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.