Vietnam - Iron Or Steel Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Spiral or Discs Spring in Vietnam - 2021
Contents:
- Price for Metal Spiral or Discs Spring in Vietnam (CIF) - 2022
- Price for Metal Spiral or Discs Spring in Vietnam (FOB) - 2022
- Imports of Metal Spiral or Discs Spring in Vietnam
- Exports of Metal Spiral or Discs Spring in Vietnam
Price for Metal Spiral or Discs Spring in Vietnam (CIF) - 2022
In 2022, the average import price for iron or steel flat spiral or discs springs amounted to $7,229 per ton, leveling off at the previous year. Overall, the import price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of 33% against the previous year. As a result, import price reached the peak level of $11,244 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.4% per year.
Price for Metal Spiral or Discs Spring in Vietnam (FOB) - 2022
The average export price for iron or steel flat spiral or discs springs stood at $10,822 per ton in 2022, shrinking by -15.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 52%. The export price peaked at $13,572 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($20,775 per ton), while the average price for exports to Nicaragua ($3,834 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 Nicaragua (+48.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metal Spiral or Discs Spring in Vietnam
In 2022, overseas purchases of iron or steel flat spiral or discs springs decreased by -2.4% to 5.7K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 7.8% against the previous year. As a result, imports reached the peak of 5.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, metal spiral or discs spring imports shrank to $41M in 2022. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by 8.1%.
| Import of Metal Spiral or Discs Spring in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.6 | 14.3 | 13.8 | 33.4 | 26.2% |
| South Korea | 7.7 | 5.2 | 6.5 | N/A | -8.1% |
| Thailand | 14.6 | 11.6 | 10.5 | N/A | -15.2% |
| Taiwan (Chinese) | 2.9 | 3.4 | 3.5 | N/A | 9.9% |
| Others | 5.1 | 4.7 | 8.1 | 7.5 | 13.7% |
| Total | 46.9 | 39.3 | 42.4 | 40.9 | -4.5% |
Top Suppliers of Metal Spiral or Discs Spring to Vietnam in 2022:
- China (5.4K tons)
Exports of Metal Spiral or Discs Spring in Vietnam
In 2022, shipments abroad of iron or steel flat spiral or discs springs increased by 47% to 354 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a mild contraction.
In value terms, metal spiral or discs spring exports skyrocketed to $3.8M in 2022. Overall, exports, however, continue to indicate a slight decline.
| Export of Metal Spiral or Discs Spring in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 138 | 476 | 618 | 2,548 | 164.3% |
| Sweden | 8.2 | 14.0 | 6.2 | 182 | 181.0% |
| Philippines | 105 | 37.4 | 27.2 | 119 | 4.3% |
| Nicaragua | N/A | N/A | N/A | 26.9 | 0% |
| South Korea | 134 | 225 | 155 | N/A | 7.6% |
| Thailand | 573 | 845 | 529 | N/A | -3.9% |
| Malaysia | 2,524 | 2,313 | 1,272 | N/A | -29.0% |
| Indonesia | 263 | 235 | 114 | N/A | -34.2% |
| Taiwan (Chinese) | 61.1 | 118 | 30.9 | N/A | -28.9% |
| Others | 231 | 320 | 330 | 957 | 60.6% |
| Total | 4,037 | 4,583 | 3,082 | 3,833 | -1.7% |
Top Export Markets for Metal Spiral or Discs Spring from Vietnam in 2022:
- United States (300.8 tons)
- Sweden (10.5 tons)
- Nicaragua (7.0 tons)
- Philippines (5.7 tons)
This report provides an in-depth analysis of the market for metal spiral or discs spring 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 25931653 - Iron or steel flat spiral springs
- Prodcom 25931655 - Iron or steel discs springs
- Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)
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
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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
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Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
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Global steel spring imports totaled X tons in 2016, ascending by X% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace o...
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