Price for Chain; Articulated Link, Roller, of Iron or Steel in Vietnam - 2022

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Vietnam (CIF) - 2022
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Vietnam (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Vietnam
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Vietnam

Price for Chain; Articulated Link, Roller, of Iron or Steel in Vietnam (CIF) - 2022

The average import price for chain; articulated link, roller, of iron or steel stood at $13,387 per ton in 2022, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2020 when the average import price increased by 18%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($13,387 per ton) and Japan ($13,387 per ton), while the price for Taiwan (Chinese) ($13,387 per ton) and China ($13,387 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Vietnam (FOB) - 2022

The average export price for chain; articulated link, roller, of iron or steel stood at $8,709 per ton in 2022, dropping by -2.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15%. The export price peaked at $15,118 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($8,712 per ton) and Poland ($8,712 per ton), while the average price for exports to South Korea ($8,712 per ton) and China ($8,712 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 Brazil (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Vietnam

In 2022, approx. 2.8K tons of chain; articulated link, roller, of iron or steel were imported into Vietnam; growing by 1.6% on 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of chain; articulated link, roller, of iron or steel skyrocketed to $37M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +55.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Vietnam in 2022:

1. China (1336.3 tons)
2. Thailand (459.2 tons)
3. Malaysia (369.8 tons)
4. Japan (184.5 tons)
5. Taiwan (Chinese) (160.7 tons)
6. South Korea (126.0 tons)
7. Germany (22.0 tons)
8. Canada (21.7 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Vietnam

After three years of growth, shipments abroad of chain; articulated link, roller, of iron or steel decreased by -8.7% to 1.2K tons in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 79%. As a result, the exports reached the peak of 1.4K tons, and then shrank in the following year.

In value terms, exports of chain; articulated link, roller, of iron or steel reduced to $11M in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32%.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Vietnam in 2022:

1. Taiwan (Chinese) (211.4 tons)
2. Italy (206.2 tons)
3. France (123.2 tons)
4. Netherlands (100.3 tons)
5. Cambodia (91.5 tons)
6. Poland (89.2 tons)
7. Indonesia (75.1 tons)
8. China (43.9 tons)
9. Bangladesh (32.3 tons)
10. Brazil (31.9 tons)
11. South Korea (30.6 tons)
12. Turkey (30.4 tons)
13. India (27.7 tons)

Source: IndexBox Market Intelligence Platform