Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Vietnam - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Vietnam (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Vietnam (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Vietnam
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Vietnam

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Vietnam (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.3 per unit, which is down by -23.6% against the previous year. In general, the import price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $0.5 per unit. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1.3 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Vietnam (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.2 per unit, dropping by -15.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 71% against the previous year. Over the period under review, the average export prices hit record highs at $0.3 per unit in 2018; however, from 2019 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 Cambodia ($0.8 per unit), while the average price for exports to Taiwan (Chinese) ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Vietnam

Imports of millstones, grindstones, grinding wheels and the like; of natural stones into Vietnam skyrocketed to 12M units in 2022, increasing by 51% against the previous year's figure. In general, imports, however, continue to indicate a abrupt contraction. Imports peaked at 15M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $3.1M in 2022. Over the period under review, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Imports peaked at $4.9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Vietnam in 2022:

1. China (9.4M units)
2. Japan (0.8M units)
3. Taiwan (Chinese) (0.7M units)
4. Italy (0.4M units)
5. South Korea (0.2M units)
6. Thailand (0.1M units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Vietnam

Exports of millstones, grindstones, grinding wheels and the like; of natural stones from Vietnam rose significantly to 355K units in 2022, surging by 10% compared with the year before. In general, exports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 321%. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at 412K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones declined to $81K in 2022. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 318% against the previous year. The exports peaked at $94K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Vietnam in 2022:

1. Taiwan (Chinese) (248.2K units)
2. Lao People's Democratic Republic (58.7K units)
3. Cambodia (21.7K units)
4. United States (18.9K units)
5. Japan (7.4K units)

Source: IndexBox Market Intelligence Platform