Vietnam - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Iron Price in Vietnam - 2021
Contents:
- Pig Iron Price in Vietnam (CIF) - 2021
- Pig Iron Price in Vietnam (FOB) - 2022
- Pig Iron Imports in Vietnam
- Pig Iron Exports in Vietnam
Pig Iron Price in Vietnam (CIF) - 2021
In December 2021, the average pig iron import price amounted to $1,106 per ton, surging by 6.8% against the previous month. Over the period under review, import price indicated temperate growth from December 2020 to December 2021: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, pig iron import price increased by +21.3% against July 2021 indices. The growth pace was the most rapid in July 2021 an increase of 39% month-to-month. Over the period under review, average import prices reached the peak figure in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Taiwan (Chinese) ($1,289 per ton), while the price for Russia ($601 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Norway (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Pig Iron Price in Vietnam (FOB) - 2022
In 2022, the average pig iron export price amounted to $540 per ton, falling by -6.8% against the previous year. In general, export price indicated a notable expansion 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, pig iron export price increased by +34.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 44% against the previous year. As a result, the export price reached the peak level of $579 per ton, and then reduced in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($542 per ton), while the average price for exports to Japan stood at $515 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.
Pig Iron Imports in Vietnam
In 2022, imports of pig iron and spiegeleisen into Vietnam shrank rapidly to 65K tons, waning by -41.8% compared with the previous year's figure. Overall, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 510%. As a result, imports reached the peak of 111K tons, and then fell remarkably in the following year.
In value terms, pig iron imports shrank dramatically to $22M in 2022. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 319%. As a result, imports attained the peak of $36M, and then shrank notably in the following year.
| Import of Pig Iron in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 6.3 | 4.4 | 15.0 | 8.3 | 9.6% |
| Japan | 2.9 | 2.1 | 14.2 | 7.4 | 36.7% |
| China | 6.5 | N/A | N/A | 3.5 | -18.6% |
| Russia | 1.1 | 1.2 | 1.5 | 1.5 | 10.9% |
| Taiwan (Chinese) | 0.4 | 0.3 | 1.7 | 0.9 | 31.0% |
| South Korea | 0.5 | 0.5 | 1.4 | 0.8 | 17.0% |
| Others | 1.1 | 0.1 | 2.3 | N/A | 44.6% |
| Total | 18.8 | 8.6 | 36.0 | 22.3 | 5.9% |
Top Suppliers of Pig Iron to Vietnam in 2022:
- Brazil (29.6K tons)
- Japan (13.1K tons)
- China (6.3K tons)
- Russia (5.8K tons)
- South Korea (1.3K tons)
- Taiwan (Chinese) (1.1K tons)
Pig Iron Exports in Vietnam
In 2022, the amount of pig iron and spiegeleisen exported from Vietnam dropped markedly to 8.6K tons, waning by -35.7% against 2021 figures. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 249% against the previous year. As a result, the exports reached the peak of 13K tons, and then reduced notably in the following year.
In value terms, pig iron exports reduced remarkably to $4.6M in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 404% against the previous year. As a result, the exports reached the peak of $7.7M, and then fell dramatically in the following year.
| Export of Pig Iron in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 1.4 | 5.4 | 3.3 | 27.3% |
| Japan | 0.1 | N/A | 2.2 | 1.3 | 135.1% |
| United States | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.0 | 1.5 | 7.7 | 4.6 | 32.0% |
Top Export Markets for Pig Iron from Vietnam in 2022:
- China (6.0K tons)
- Japan (2.5K tons)
- United States (0.1K tons)
This report provides an in-depth analysis of the pig iron 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 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms
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
-
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
980
This report provides an in-depth analysis of the pig iron market in Vietnam.
562
This report provides an in-depth analysis of the iron and steel market in Vietnam.
4382
This report provides an in-depth analysis of the global pig iron market.
1034
This report provides an in-depth analysis of the global iron and steel market.
980
This report provides an in-depth analysis of the pig iron market in Vietnam.
562
This report provides an in-depth analysis of the iron and steel market in Vietnam.
4382
This report provides an in-depth analysis of the global pig iron market.
1034
This report provides an in-depth analysis of the global iron and steel market.
107
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
1996
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
917
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
124
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
107
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
1996
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
917
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
124
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
