Vietnam - Hot-Rolled Bars Of High Speed Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled High Speed Steel Bar in Vietnam - 2021
Contents:
- Price for Hot-Rolled High Speed Steel Bar in Vietnam (CIF) - 2022
- Price for Hot-Rolled High Speed Steel Bar in Vietnam (FOB) - 2022
- Imports of Hot-Rolled High Speed Steel Bar in Vietnam
- Exports of Hot-Rolled High Speed Steel Bar in Vietnam
Price for Hot-Rolled High Speed Steel Bar in Vietnam (CIF) - 2022
The average import price for hot-rolled bars of high speed steel stood at $13,312 per ton in 2022, increasing by 4.7% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of 28%. Over the period under review, average import prices hit record highs at $16,792 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($20,841 per ton), while the price for Canada ($3,125 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled High Speed Steel Bar in Vietnam (FOB) - 2022
In 2022, the average export price for hot-rolled bars of high speed steel amounted to $14,932 per ton, surging by 3.7% against the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 247% against the previous year. As a result, the export price reached the peak level of $19,882 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($24,755 per ton), while the average price for exports to the United States ($768 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 Myanmar (+39.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hot-Rolled High Speed Steel Bar in Vietnam
Hot-rolled high speed steel bar imports into Vietnam contracted sharply to 75 tons in 2022, shrinking by -19.3% against 2021 figures. In general, imports recorded a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 33%.
In value terms, hot-rolled high speed steel bar imports shrank notably to $994K in 2022. Overall, imports recorded a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 45%.
| Import of Hot-Rolled High Speed Steel Bar in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 747 | 94.8 | 148 | 376 | -20.5% |
| China | 504 | 241 | 534 | 310 | -15.0% |
| United Kingdom | 191 | 130 | 170 | 76.8 | -26.2% |
| United States | 192 | 11.1 | 15.4 | 66.3 | -29.8% |
| Taiwan (Chinese) | 15.9 | 21.2 | 85.7 | 43.7 | 40.1% |
| Thailand | 52.2 | 61.3 | 32.0 | 30.5 | -16.4% |
| Austria | 109 | 67.5 | 80.7 | 27.2 | -37.0% |
| Canada | 15.3 | 9.4 | 11.3 | 4.6 | -33.0% |
| France | 222 | 113 | 5.1 | 2.3 | -78.2% |
| Others | 76.2 | 61.5 | 94.0 | 56.2 | -9.7% |
| Total | 2,124 | 811 | 1,177 | 994 | -22.4% |
Top Suppliers of Hot-Rolled High Speed Steel Bar to Vietnam in 2022:
- China (21.7 tons)
- Japan (18.0 tons)
- United Kingdom (16.9 tons)
- United States (5.3 tons)
- Thailand (4.0 tons)
- Taiwan (Chinese) (3.1 tons)
- Canada (1.5 tons)
- Austria (0.7 tons)
- France (0.1 tons)
Exports of Hot-Rolled High Speed Steel Bar in Vietnam
In 2022, approx. 50 tons of hot-rolled bars of high speed steel were exported from Vietnam; surging by 9.5% on 2021 figures. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, the exports attained the peak of 54 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, hot-rolled high speed steel bar exports rose notably to $746K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 decreased by -10.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 79% against the previous year. As a result, the exports attained the peak of $835K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Hot-Rolled High Speed Steel Bar in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.7 | 467 | 398 | 382 | 196.2% |
| Cambodia | 217 | 215 | 154 | 184 | -5.4% |
| Lao People's Democratic Republic | 156 | 32.1 | 25.9 | 77.6 | -20.8% |
| Japan | 41.6 | 57.5 | 14.4 | 34.2 | -6.3% |
| Malaysia | 3.6 | 7.3 | 25.9 | 24.8 | 90.3% |
| Australia | 13.3 | 23.8 | 17.5 | 17.1 | 8.7% |
| United States | 1.1 | 2.0 | 1.5 | 1.4 | 8.4% |
| Others | 19.1 | 30.4 | 19.4 | 24.8 | 9.1% |
| Total | 467 | 835 | 657 | 746 | 16.9% |
Top Export Markets for Hot-Rolled High Speed Steel Bar from Vietnam in 2022:
- China (17.3 tons)
- Lao People's Democratic Republic (14.5 tons)
- Cambodia (7.5 tons)
- Australia (3.3 tons)
- Malaysia (2.8 tons)
- United States (1.8 tons)
- Japan (1.4 tons)
This report provides an in-depth analysis of the market for hot-rolled high speed steel bar 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 24106610 - Hot-rolled bars of high speed 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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