Report Update: Apr 1, 2024

Vietnam - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Stainless Steel Household Articles in Vietnam - 2021

Price for Stainless Steel Household Articles in Vietnam (FOB) - 2022

The average stainless steel household articles export price stood at $4.6 per unit in 2022, which is down by -1.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 6.6% against the previous year. As a result, the export price attained the peak level of $5.1 per unit. From 2015 to 2022, the average 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 France ($5.8 per unit), while the average price for exports to Canada ($3.2 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 Russia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Stainless Steel Household Articles in Vietnam (CIF) - 2022

In 2022, the average stainless steel household articles import price amounted to $6.3 per unit, shrinking by -3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $6.6 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($6.5 per unit) and China ($6.3 per unit), while the price for South Korea ($5.8 per unit) and Thailand ($5.8 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced a decline.

Exports of Stainless Steel Household Articles in Vietnam

In 2022, after two years of decline, there was growth in overseas shipments of table, kitchen or household articles and parts of stainless steel, when their volume increased by 0.7% to 32M units. Overall, exports, however, saw a noticeable slump. The exports peaked at 37M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, stainless steel household articles exports reduced to $148M in 2022. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 1.9% against the previous year. Over the period under review, the exports hit record highs at $175M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Stainless Steel Household Articles in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	39.6	41.5	53.6	41.7	1.7%
United States	48.3	16.3	24.9	31.1	-13.6%
Germany	6.1	7.4	6.0	12.0	25.3%
Netherlands	20.5	22.1	13.1	11.7	-17.1%
Japan	6.9	6.4	4.9	7.8	4.2%
Canada	5.3	3.8	6.0	7.1	10.2%
France	3.2	3.5	2.4	4.0	7.7%
Russia	4.1	3.7	5.1	4.0	-0.8%
Italy	6.8	5.7	3.5	2.7	-26.5%
Poland	5.3	6.0	2.9	2.4	-23.2%
Others	28.5	30.1	26.6	23.4	-6.4%
Total	175	146	149	148	-5.4%

Top Export Markets for Stainless Steel Household Articles from Vietnam in 2022:

United States (8.6M units)
South Korea (7.9M units)
Netherlands (2.7M units)
Germany (2.4M units)
Canada (2.2M units)
Japan (1.5M units)
Russia (0.8M units)
France (0.7M units)
Poland (0.6M units)
Italy (0.5M units)

Imports of Stainless Steel Household Articles in Vietnam

In 2022, approx. 6.8M units of table, kitchen or household articles and parts of stainless steel were imported into Vietnam; shrinking by -3.8% on the previous year's figure. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 9.5%. Over the period under review, imports hit record highs at 7.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, stainless steel household articles imports shrank to $43M in 2022. The total import value increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 16%. As a result, imports reached the peak of $46M, and then reduced in the following year.

Import of Stainless Steel Household Articles in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	34.9	34.0	40.6	37.4	2.3%
Thailand	2.5	2.5	1.7	2.0	-7.2%
Germany	1.0	0.9	1.1	1.0	0.0%
South Korea	1.1	0.5	0.8	0.7	-14.0%
Others	1.8	1.5	1.7	1.5	-5.9%
Total	41.4	39.4	45.8	42.6	1.0%

Top Suppliers of Stainless Steel Household Articles to Vietnam in 2022:

China (5.9M units)
Thailand (0.3M units)
Germany (0.2M units)
South Korea (0.1M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stainless steel household articles 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 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023