Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam - 2022

Contents:

  1. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam (CIF) - 2022
  2. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam (FOB) - 2022
  3. Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam
  4. Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam (CIF) - 2022

In 2022, the average import price for non-electric iron or steel central heating radiators of cast iron amounted to $17 per unit, rising by 35% against the previous year. Over the period under review, the import price enjoyed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +35.2% per year.

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam (FOB) - 2022

The average export price for non-electric iron or steel central heating radiators of cast iron stood at $19 per unit in 2022, picking up by 58% against the previous year. Over the period under review, the export price, however, faced a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 819% against the previous year. As a result, the export price reached the peak level of $305 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2013 to 2022, the rate of growth in terms of prices for India amounted to +819.3% per year.

Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam

After three years of growth, overseas purchases of non-electric iron or steel central heating radiators of cast iron decreased by -44.6% to 7.9K units in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 772%. As a result, imports attained the peak of 14K units, and then shrank rapidly in the following year.

In value terms, imports of non-electric iron or steel central heating radiators of cast iron contracted rapidly to $131K in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 906%. As a result, imports reached the peak of $175K, and then reduced markedly in the following year.

Import of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)N/AN/A38.8130235.1%
BelgiumN/AN/A79.8N/A0%
China3.59.69.7N/A66.5%
United StatesN/AN/A45.6N/A0%
IndiaN/A7.8N/AN/A0%
Denmark5.5N/AN/AN/A0%
OthersN/AN/A0.61.066.7%
Total9.017.4175131144.2%

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron to Vietnam in 2022:

  1. Taiwan (Chinese) (7.8K units)

Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam

After two years of growth, shipments abroad of non-electric iron or steel central heating radiators of cast iron decreased by -96.7% to 37 units in 2022. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 1,120% against the previous year. As a result, the exports reached the peak of 1.1K units, and then shrank rapidly in the following year.

In value terms, exports of non-electric iron or steel central heating radiators of cast iron contracted sharply to $720 in 2022. Over the period under review, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 410% against the previous year. As a result, the exports reached the peak of $14K, and then reduced dramatically in the following year.

Export of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Vietnam (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
United StatesN/AN/A0.70%
Singapore0.414.0N/A3400.0%
Germany2.3N/AN/A0%
OthersN/AN/AN/A0%
Total2.714.00.7-49.1%

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron from Vietnam in 2022:

  1. United States (37.0 units)

Source: IndexBox Market Intelligence Platform

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