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Vietnam - Crude Steel and Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVietnam: Market for Raw Steel And Steel Semi-Finished Products 2024
Market Size for Raw Steel And Steel Semi-Finished Products in Vietnam
The Vietnamese market for raw steel and steel semi-finished products reached $X in 2023, rising by X% against the previous year. In general, consumption, however, saw resilient growth. Consumption of peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.
Production of Raw Steel And Steel Semi-Finished Products in Vietnam
In value terms, production of raw steel and steel semi-finished products amounted to $X in 2023 estimated in export price. Over the period under review, production recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.
Exports of Raw Steel And Steel Semi-Finished Products
Exports from Vietnam
In 2023, overseas shipments of raw steel and steel semi-finished products were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of raw steel and steel semi-finished products surged to $X in 2023. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.
Exports by Country
China (X tons) was the main destination for exports of raw steel and steel semi-finished products from Vietnam, accounting for a X% share of total exports. Moreover, exports of raw steel and steel semi-finished products to China exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Taiwan (Chinese) (X% per year).
In value terms, China ($X) emerged as the key foreign market for raw steel and steel semi-finished products exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.
From 2012 to 2023, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Taiwan (Chinese) (X% per year).
Export Prices by Country
The average export price for raw steel and steel semi-finished products stood at $X per ton in 2023, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced a decline.
Imports of Raw Steel And Steel Semi-Finished Products
Imports into Vietnam
In 2023, purchases abroad of raw steel and steel semi-finished products was finally on the rise to reach X tons for the first time since 2015, thus ending a seven-year declining trend. In general, imports, however, continue to indicate a significant decline. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports of remained at a lower figure.
In value terms, imports of raw steel and steel semi-finished products contracted to $X in 2023. Overall, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports of remained at a lower figure.
Imports by Country
China (X tons), Taiwan (Chinese) (X tons) and India (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to Vietnam, together comprising X% of total imports.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($X), Taiwan (Chinese) ($X) and India ($X) appeared to be the largest raw steel and steel semi-finished products suppliers to Vietnam, together accounting for X% of total imports.
Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average import price for raw steel and steel semi-finished products amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then declined sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products 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 24102110 - Flat semi-finished products (of non-alloy steel)
- Prodcom 24102121 - Ingots, other primary forms and long semi-finished products for seamless tubes (of non-alloy steel)
- Prodcom 24102122 - Other ingots, primary forms and long semi-finished products including blanks (of non-alloy steel)
- Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
- Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
- Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
- Prodcom 24102310 - Flat semi-finished products (of alloy steel other than of stainless steel)
- Prodcom 24102321 - Ingots, other primary forms and long semi-finished products for seamless tubes (of alloy steel other than of stainless steel)
- Prodcom 24102322 - Other ingots, primary forms and long semi-finished products (of alloy steel other than of stainless steel)
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
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