Report Update: Apr 1, 2024

Vietnam - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights

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Hot-Rolled Free-Cutting Steel Price in Vietnam - 2021

Hot-Rolled Free-Cutting Steel Price in Vietnam (FOB) - 2022

In 2022, the average hot-rolled free-cutting steel export price amounted to $747 per ton, waning by -26.4% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. Over the period under review, the average export prices reached the maximum at $1,041 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($1,750 per ton), while the average price for exports to Cambodia ($720 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 Taiwan (Chinese) (+5.6%), while the prices for the other major destinations experienced a decline.

Hot-Rolled Free-Cutting Steel Price in Vietnam (CIF) - 2022

The average hot-rolled free-cutting steel import price stood at $858 per ton in 2022, declining by -12.8% against the previous year. Overall, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 113% against the previous year. The import price peaked at $1,156 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,933 per ton), while the price for the Netherlands ($498 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+36.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Hot-Rolled Free-Cutting Steel Exports in Vietnam

In 2022, the amount of hot-rolled bars in free-cutting steels exported from Vietnam surged to 987 tons, picking up by 128% compared with the previous year's figure. In general, exports, however, continue to indicate a deep reduction.

In value terms, hot-rolled free-cutting steel exports soared to $738K in 2022. Overall, exports, however, showed a abrupt shrinkage.

Export of Hot-Rolled Free-Cutting Steel in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cambodia	155	293	165	449	42.6%
Lao People's Democratic Republic	840	725	224	259	-32.4%
Taiwan (Chinese)	21.2	17.9	15.1	29.7	11.9%
Others	N/A	N/A	34.8	N/A	0%
Total	1,016	1,036	439	738	-10.1%

Top Export Markets for Hot-Rolled Free-Cutting Steel from Vietnam in 2022:

Cambodia (623.7 tons)
Lao People's Democratic Republic (346.5 tons)
Taiwan (Chinese) (17.0 tons)

Hot-Rolled Free-Cutting Steel Imports in Vietnam

In 2022, imports of hot-rolled bars in free-cutting steels into Vietnam shrank to 211 tons, dropping by -8.9% against the year before. In general, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 22%.

In value terms, hot-rolled free-cutting steel imports fell markedly to $181K in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year.

Import of Hot-Rolled Free-Cutting Steel in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	59.9	61.1	78.3	81.4	10.8%
Singapore	39.2	33.0	32.6	39.2	0.0%
South Korea	8.4	3.3	15.0	15.6	22.9%
Turkey	2.7	3.5	9.5	9.9	54.2%
China	7.9	6.7	9.6	9.9	7.8%
Netherlands	3.8	3.7	3.1	3.3	-4.6%
Taiwan (Chinese)	13.5	0.8	0.7	3.3	-37.5%
Belgium	185	N/A	N/A	N/A	0%
India	N/A	N/A	62.1	N/A	0%
Others	26.8	22.4	17.3	18.8	-11.1%
Total	347	135	228	181	-19.5%

Top Suppliers of Hot-Rolled Free-Cutting Steel to Vietnam in 2022:

Japan (117.1 tons)
Singapore (28.0 tons)
South Korea (22.4 tons)
China (14.3 tons)
Turkey (14.2 tons)
Netherlands (6.6 tons)
Taiwan (Chinese) (6.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hot-rolled free-cutting steel 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 24106230 - Hot-rolled bars in free-cutting steels

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