Price for Steel, Stainless; Angles, Shapes and Sections in Vietnam - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Vietnam (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Vietnam (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Vietnam
- Exports of Steel, Stainless; Angles, Shapes and Sections in Vietnam
Price for Steel, Stainless; Angles, Shapes and Sections in Vietnam (CIF) - 2022
The average import price for steel, stainless stood at $6,438 per ton in 2022, picking up by 21% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless increased by +77.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 69% against the previous year. Over the period under review, average import prices hit record highs 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 highest price was recorded for prices from the United States ($6,442 per ton) and India ($6,441 per ton), while the price for China ($6,441 per ton) and South Korea ($6,441 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Vietnam (FOB) - 2022
The average export price for steel, stainless stood at $6,481 per ton in 2022, increasing by 2.3% against the previous year. Over the period under review, the export price continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2018 an increase of 76%. The export price peaked at $6,831 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($6,482 per ton) and Cambodia ($6,481 per ton), while the average price for exports to South Korea ($6,480 per ton) and the United States ($6,480 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 Cambodia (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Vietnam
Imports of steel, stainless into Vietnam skyrocketed to 5.4K tons in 2022, jumping by 15% compared with the year before. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of steel, stainless skyrocketed to $35M in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 98% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Steel, Stainless; Angles, Shapes and Sections in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.9 | 5.1 | 10.2 | 18.5 | 46.4% |
| South Korea | 3.1 | 4.0 | 11.0 | 9.5 | 45.3% |
| China | 5.4 | 3.1 | 3.2 | 5.8 | 2.4% |
| India | 1.0 | 0.4 | 0.4 | 1.0 | 0.0% |
| United States | 1.4 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.1 | 0.3 | 0.3 | -20.6% |
| Total | 17.4 | 12.7 | 25.1 | 35.0 | 26.2% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Vietnam in 2022:
- Japan (2874.8 tons)
- South Korea (1468.6 tons)
- China (895.0 tons)
- India (148.7 tons)
- United States (2.5 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Vietnam
Exports of steel, stainless from Vietnam surged to 282 tons in 2022, increasing by 25% compared with 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 27%. As a result, the exports attained the peak of 364 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel, stainless skyrocketed to $1.8M in 2022. Overall, exports, however, recorded a pronounced shrinkage.
| Export of Steel, Stainless; Angles, Shapes and Sections in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 934 | 651 | 864 | 760 | -6.6% |
| Lao People's Democratic Republic | 143 | 209 | 241 | 364 | 36.5% |
| United States | 417 | 456 | 24.2 | 156 | -27.9% |
| New Zealand | N/A | N/A | N/A | 156 | 0% |
| Hong Kong SAR | N/A | N/A | N/A | 108 | 0% |
| Philippines | N/A | 0.5 | N/A | 91.8 | 1255.0% |
| South Korea | 248 | 863 | 138 | 40.4 | -45.4% |
| Cambodia | 153 | 13.6 | 136 | 31.9 | -40.7% |
| Others | 55.4 | 111 | 27.4 | 120 | 29.4% |
| Total | 1,951 | 2,304 | 1,431 | 1,829 | -2.1% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Vietnam in 2022:
- Japan (117.3 tons)
- Lao People's Democratic Republic (56.2 tons)
- United States (24.1 tons)
- New Zealand (24.1 tons)
- Hong Kong SAR (16.6 tons)
- Philippines (14.2 tons)
- South Korea (6.2 tons)
- Cambodia (4.9 tons)
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