Report Update: May 1, 2024

Vietnam - Base Metal Hooks, Eyes And Eyelets - Market Analysis, Forecast, Size, Trends And Insights

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Base Metal Hook Price in Vietnam - 2021

Base Metal Hook Price in Vietnam (CIF) - 2022

In 2022, the average base metal hook import price amounted to $17,034 per ton, with a decrease of -5% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook import price increased by +5.2% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 55%. Over the period under review, average import prices attained the maximum at $17,923 per ton in 2021, and then declined modestly in the following year.

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 Hong Kong SAR ($31,695 per ton), while the price for Taiwan (Chinese) ($15,001 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Base Metal Hook Price in Vietnam (FOB) - 2022

In 2022, the average base metal hook export price amounted to $14,155 per ton, with an increase of 4.7% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook export price decreased by -37.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 50% against the previous year. The export price peaked at $22,491 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($28,425 per ton), while the average price for exports to South Korea ($11,120 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 the Philippines (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hook Imports in Vietnam

In 2022, the amount of base metal hooks, eyes and eyelets imported into Vietnam contracted to 6.7K tons, with a decrease of -6.2% compared with the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 7.1K tons, and then shrank in the following year.

In value terms, base metal hook imports fell to $113M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports reached the peak of $127M, and then shrank in the following year.

Import of Base Metal Hook in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	63.1	55.6	86.4	71.8	4.4%
South Korea	22.1	18.4	18.4	18.5	-5.8%
Hong Kong SAR	3.6	5.5	1.9	10.9	44.7%
Taiwan (Chinese)	13.0	13.2	13.3	9.4	-10.2%
Japan	3.0	2.8	2.2	1.2	-26.3%
Others	3.9	4.0	4.9	1.6	-25.7%
Total	109	99.6	127	113	1.2%

Top Suppliers of Base Metal Hook to Vietnam in 2022:

China (4.5K tons)
South Korea (1.0K tons)
Taiwan (Chinese) (0.6K tons)
Hong Kong SAR (0.3K tons)
Japan (0.1K tons)

Base Metal Hook Exports in Vietnam

For the fourth year in a row, Vietnam recorded growth in overseas shipments of base metal hooks, eyes and eyelets, which increased by 17% to 976 tons in 2022. The total export volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal hook exports skyrocketed to $14M in 2022. Over the period under review, exports, however, recorded a abrupt contraction.

Export of Base Metal Hook in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cambodia	1.3	3.1	2.6	8.0	83.3%
Indonesia	2.2	3.5	2.7	1.9	-4.8%
Bangladesh	0.1	0.9	0.9	0.6	81.7%
Philippines	3.8	3.0	1.0	0.5	-49.1%
Hong Kong SAR	1.5	0.5	0.5	0.5	-30.7%
Myanmar	2.6	1.6	1.3	0.4	-46.4%
India	1.9	1.0	0.4	0.3	-46.0%
United States	0.2	0.2	0.2	0.3	14.5%
China	0.1	0.1	0.5	0.3	44.2%
South Korea	0.7	0.3	0.1	0.3	-24.6%
Others	2.4	2.2	1.0	0.8	-30.7%
Total	17.0	16.4	11.3	13.8	-6.7%

Top Export Markets for Base Metal Hook from Vietnam in 2022:

Cambodia (577.3 tons)
Indonesia (133.6 tons)
Bangladesh (45.3 tons)
China (24.4 tons)
India (24.3 tons)
Myanmar (23.7 tons)
United States (23.6 tons)
Philippines (23.0 tons)
South Korea (22.8 tons)
Hong Kong SAR (17.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the base metal hook 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 25992530 - Base metal hooks, eyes, eyelets and the like, used for clothing, footwear, awnings, handbags, travel goods or other made-up articles excluding snap hooks, rivets, press studs and push buttons

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023