Price for Railway or Tramway Track Constructions of Iron or Steel in Vietnam - 2022
Contents:
- Price for Railway or Tramway Track Constructions of Iron or Steel in Vietnam (CIF) - 2022
- Price for Railway or Tramway Track Constructions of Iron or Steel in Vietnam (FOB) - 2022
- Imports of Railway or Tramway Track Constructions of Iron or Steel in Vietnam
- Exports of Railway or Tramway Track Constructions of Iron or Steel in Vietnam
Price for Railway or Tramway Track Constructions of Iron or Steel in Vietnam (CIF) - 2022
In December 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $1,509 per ton, waning by -19.2% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 49% against the previous month. Over the period under review, average import prices attained the maximum at $1,867 per ton in November 2022, and then fell remarkably in the following month.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was China ($1,516 per ton), while the price for Turkey amounted to $1,461 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Railway or Tramway Track Constructions of Iron or Steel in Vietnam (FOB) - 2022
In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $1,787 per ton, increasing by 63% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 74%. The export price peaked at $1,932 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($3,208 per ton), while the average price for exports to South Korea ($1,405 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 Australia (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Railway or Tramway Track Constructions of Iron or Steel in Vietnam
In 2022, after three years of growth, there was significant decline in purchases abroad of railway or tramway track constructions of iron or steel, when their volume decreased by -36.5% to 27K tons. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year.
In value terms, imports of railway or tramway track constructions of iron or steel declined remarkably to $28M in 2022. In general, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 37% against the previous year.
| Import of Railway or Tramway Track Constructions of Iron or Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.7 | 28.4 | 32.1 | 25.9 | 9.5% |
| Japan | 1.6 | 1.8 | 1.2 | 0.4 | -37.0% |
| Russia | 1.8 | 2.1 | 3.3 | N/A | 35.4% |
| Others | 1.9 | 1.9 | 3.1 | 1.3 | -11.9% |
| Total | 25.1 | 34.3 | 39.7 | 27.6 | 3.2% |
Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Vietnam in 2022:
- China (25.5K tons)
- Japan (0.6K tons)
Exports of Railway or Tramway Track Constructions of Iron or Steel in Vietnam
In 2022, the amount of railway or tramway track constructions of iron or steel exported from Vietnam amounted to 91 tons, with an increase of 11% on 2021 figures. Over the period under review, exports, however, saw a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 32%. As a result, the exports reached the peak of 270 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of railway or tramway track constructions of iron or steel soared to $163K in 2022. In general, exports, however, saw a deep setback.
| Export of Railway or Tramway Track Constructions of Iron or Steel in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 77.1 | 1.0 | N/A | 57.1 | -9.5% |
| Cambodia | 103 | 127 | 69.9 | 56.2 | -18.3% |
| South Korea | N/A | N/A | N/A | 29.4 | 0% |
| Lao People's Democratic Republic | 49.9 | 134 | 18.7 | 9.2 | -43.1% |
| Australia | N/A | N/A | N/A | 6.4 | 0% |
| United States | N/A | 9.8 | N/A | 3.5 | -40.2% |
| Philippines | 11.7 | N/A | N/A | N/A | 0% |
| Others | 8.9 | N/A | 1.5 | 1.1 | -50.2% |
| Total | 251 | 272 | 90.1 | 163 | -13.4% |
Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Vietnam in 2022:
- Cambodia (35.0 tons)
- Japan (24.0 tons)
- South Korea (20.9 tons)
- Lao People's Democratic Republic (6.5 tons)
- United States (2.2 tons)
- Australia (2.0 tons)
482
This report provides an in-depth analysis of the steel railway material market in Vietnam.
752
This report provides an in-depth analysis of the global steel railway material market.
482
This report provides an in-depth analysis of the steel railway material market in Vietnam.
752
This report provides an in-depth analysis of the global steel railway material market.
1296
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1319
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
1296
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1319
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
