Price for Steel, Alloy; Semi-Finished Products in Vietnam - 2021
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Vietnam (FOB) - 2021
- Price for Steel, Alloy; Semi-Finished Products in Vietnam (CIF) - 2022
- Exports of Steel, Alloy; Semi-Finished Products in Vietnam
- Imports of Steel, Alloy; Semi-Finished Products in Vietnam
Price for Steel, Alloy; Semi-Finished Products in Vietnam (FOB) - 2021
The average steel, alloy; semi-finished products export price stood at $695 per ton in December 2021, remaining relatively unchanged against the previous month. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in February 2021 when the average export price increased by 278% m-o-m. As a result, the export price attained the peak level of $1,773 per ton. From March 2021 to December 2021, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In December 2021, the country with the highest price was Taiwan (Chinese) ($695 per ton), while the average price for exports to China amounted to $695 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.6%), while the prices for the other major destinations experienced a decline.
Price for Steel, Alloy; Semi-Finished Products in Vietnam (CIF) - 2022
The average steel, alloy; semi-finished products import price stood at $1,111 per ton in 2022, dropping by -21.4% against the previous year. In general, the import price recorded a deep downturn. The growth pace was the most rapid in 2016 an increase of 29%. Over the period under review, average import prices hit record highs at $2,818 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1,501 per ton), while the price for Sweden ($549 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-3.2%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Alloy; Semi-Finished Products in Vietnam
In 2022, shipments abroad of steel, alloy; semi-finished productses decreased by -90.7% to 1.3K tons, falling for the second year in a row after two years of growth. Overall, exports faced a dramatic slump. The pace of growth was the most pronounced in 2020 when exports increased by 103%. As a result, the exports attained the peak of 17K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, steel, alloy; semi-finished products exports shrank modestly to $7.9M in 2022. The total export value increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year.
| Export of Steel, Alloy; Semi-Finished Products in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 5.8 | 5.4 | -6.9% |
| Philippines | 2.9 | 3.6 | 1.3 | 1.2 | -25.5% |
| South Korea | N/A | 3.6 | 1.1 | 1.0 | -47.3% |
| Cambodia | 0.8 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 1.7 | 0.2 | N/A | N/A | -88.2% |
| Others | 0.3 | 0.1 | N/A | 0.3 | 0.0% |
| Total | 5.8 | 7.5 | 8.2 | 7.9 | 10.8% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Vietnam in 2022:
- China (852.5 tons)
- Philippines (189.2 tons)
- South Korea (156.3 tons)
- Taiwan (Chinese) (90.5 tons)
Imports of Steel, Alloy; Semi-Finished Products in Vietnam
In 2022, approx. 3.5K tons of steel, alloy; semi-finished productses were imported into Vietnam; picking up by 3.4% compared with 2021 figures. In general, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 98% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, steel, alloy; semi-finished products imports reduced notably to $3.9M in 2022. Over the period under review, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year.
| Import of Steel, Alloy; Semi-Finished Products in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 639 | 654 | 1,257 | 890 | 11.7% |
| China | 1,456 | 568 | 1,069 | 757 | -19.6% |
| Japan | 343 | 298 | 530 | 621 | 21.9% |
| Italy | 576 | 390 | 634 | 535 | -2.4% |
| Austria | 565 | 495 | 415 | 356 | -14.3% |
| Taiwan (Chinese) | 759 | 362 | 360 | 336 | -23.8% |
| Sweden | 398 | 32.7 | 185 | 131 | -31.0% |
| Others | 749 | 229 | 385 | 305 | -25.9% |
| Total | 5,485 | 3,028 | 4,834 | 3,931 | -10.5% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Vietnam in 2022:
- Italy (769.2 tons)
- Philippines (742.6 tons)
- China (642.8 tons)
- Japan (413.9 tons)
- Taiwan (Chinese) (280.2 tons)
- Austria (249.2 tons)
- Sweden (238.4 tons)
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