Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam - 2022
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam (CIF) - 2022
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam (FOB) - 2022
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam (CIF) - 2022
In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $6,352 per ton, increasing by 364% against the previous year. In general, the import price enjoyed strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,580 per ton), while the price for South Korea ($3,948 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam (FOB) - 2022
In 2022, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $1,438 per ton, reducing by -24.9% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 27%. The export price peaked at $1,914 per ton in 2021, and then reduced dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,900 per ton), while the average price for exports to the United States ($620 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) (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam
After three years of growth, purchases abroad of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -82.1% to 525 tons in 2022. Over the period under review, imports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, imports reached the peak of 2.9K tons, and then fell markedly in the following year.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses fell markedly to $3.3M in 2022. Overall, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +3.4% 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 +47.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 77%. As a result, imports attained the peak of $4M, and then fell remarkably in the following year.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,061 | 712 | 2,142 | 2,742 | 37.2% |
| Taiwan (Chinese) | 196 | 139 | 364 | 427 | 29.6% |
| South Korea | 320 | 267 | 207 | 161 | -20.5% |
| Russia | 851 | 737 | 836 | N/A | -0.9% |
| Others | 589 | 407 | 464 | 1.1 | -87.7% |
| Total | 3,017 | 2,261 | 4,012 | 3,332 | 3.4% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Vietnam in 2022:
- Japan (416.7 tons)
- Taiwan (Chinese) (66.8 tons)
- South Korea (40.9 tons)
Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam
In 2022, the amount of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses exported from Vietnam surged to 916 tons, jumping by 852% against the previous year's figure. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses surged to $1.3M in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 174 | 22.3 | 5.1 | 1,108 | 85.4% |
| United States | 30.0 | 11.1 | 19.0 | 205 | 89.8% |
| Taiwan (Chinese) | 310 | 83.3 | 155 | N/A | -29.3% |
| Others | 1.6 | 0.4 | 5.4 | 3.6 | 31.0% |
| Total | 515 | 117 | 184 | 1,317 | 36.7% |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Vietnam in 2022:
- China (583.5 tons)
- United States (330.3 tons)
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This report provides an in-depth analysis of the pig iron market in Vietnam.
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This report provides an in-depth analysis of the global pig iron market.
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