Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Vietnam - 2022

Contents:

1. Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Vietnam (FOB) - 2022
2. Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Vietnam (CIF) - 2022
3. Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Vietnam
4. Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Vietnam

Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Vietnam (FOB) - 2022

In 2022, the average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $36,704 per ton, with an increase of 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2020 when the average export price increased by 27%. As a result, the export price attained the peak level of $46,374 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($36,575 per ton) and the United States ($36,575 per ton), while the average price for exports to Thailand ($36,575 per ton) and South Korea ($36,575 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 China (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Vietnam (CIF) - 2022

In 2022, the average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $21,623 per ton, picking up by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $22,418 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($21,616 per ton) and Japan ($21,616 per ton), while the price for South Korea ($21,616 per ton) and China ($21,616 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Vietnam

In 2022, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors from Vietnam totaled 57K tons, surging by 7.4% compared with 2021 figures. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.7% 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 +74.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $2.1B in 2022. The total export value increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from Vietnam in 2022:

1. China (24.4K tons)
2. United States (11.2K tons)
3. Japan (7.6K tons)
4. South Korea (4.7K tons)
5. Hong Kong SAR (2.0K tons)
6. Thailand (1.2K tons)
7. India (0.7K tons)

Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Vietnam

In 2022, after three years of growth, there was significant decline in supplies from abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors, when their volume decreased by -9.5% to 39K tons. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 40%.

In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors reduced slightly to $834M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 49%.

Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to Vietnam in 2022:

1. China (30.8K tons)
2. Philippines (2.2K tons)
3. South Korea (2.2K tons)
4. Japan (1.0K tons)

Source: IndexBox Market Intelligence Platform