Price for Steel Alloy Wire of Silico-Manganese Steel in Vietnam - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Vietnam (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in Vietnam (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Vietnam
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Vietnam
Price for Steel Alloy Wire of Silico-Manganese Steel in Vietnam (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,812 per ton in 2022, approximately equating the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 79% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($1,812 per ton) and Taiwan (Chinese) ($1,812 per ton), while the price for Malaysia ($1,812 per ton) and China ($1,812 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Vietnam (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $1,674 per ton in 2022, remaining constant against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($1,674 per ton) and Italy ($1,674 per ton), while the average price for exports to Germany ($1,674 per ton) and Turkey ($1,674 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Vietnam
For the third year in a row, Vietnam recorded decline in purchases abroad of steel alloy wire of silico-manganese steels, which decreased by 0% to 23K tons in 2022. In general, imports recorded a drastic downturn. The smallest decline of -11.1% was in 2020.
In value terms, imports of steel alloy wire of silico-manganese steels amounted to $42M in 2022. Over the period under review, imports saw a noticeable curtailment. The smallest decline of -13.5% was in 2020.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.8 | 35.0 | N/A | 37.2 | -3.8% |
| Taiwan (Chinese) | 0.2 | 0.7 | N/A | 1.8 | 108.0% |
| Malaysia | 0.5 | 1.4 | N/A | 1.1 | 30.1% |
| Japan | 1.5 | 1.0 | N/A | 0.8 | -18.9% |
| South Korea | 0.9 | 0.7 | N/A | 0.6 | -12.6% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 44.9 | 38.9 | N/A | 41.6 | -2.5% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Vietnam in 2022:
- China (20.5K tons)
- Taiwan (Chinese) (1.0K tons)
- Malaysia (0.6K tons)
- Japan (0.4K tons)
- South Korea (0.4K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Vietnam
In 2022, shipments abroad of steel alloy wire of silico-manganese steels decreased by 0% to 2.7K tons, falling for the second year in a row after two years of growth. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 149%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of steel alloy wire of silico-manganese steels stood at $4.5M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 153% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 404 | 918 | N/A | 1,157 | 42.0% |
| Turkey | N/A | 327 | N/A | 1,085 | 82.2% |
| Indonesia | 669 | 150 | N/A | 805 | 6.4% |
| Taiwan (Chinese) | N/A | N/A | N/A | 270 | 0% |
| Germany | 19.8 | 1,316 | N/A | 250 | 132.9% |
| United States | 50.1 | N/A | N/A | 215 | 62.5% |
| Italy | 1.6 | 74.4 | N/A | 198 | 398.3% |
| Slovenia | N/A | 83.6 | N/A | 172 | 43.4% |
| Others | 62.8 | 179 | N/A | 315 | 71.2% |
| Total | 1,207 | 3,048 | N/A | 4,467 | 54.7% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Vietnam in 2022:
- Cambodia (691.3 tons)
- Turkey (648.3 tons)
- Indonesia (480.6 tons)
- Taiwan (Chinese) (161.1 tons)
- Germany (149.2 tons)
- United States (128.3 tons)
- Italy (118.0 tons)
- Slovenia (103.0 tons)
502
This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
327
This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
1934
This report provides an in-depth analysis of the global market for iron and steel wire.
517
This report provides an in-depth analysis of the global market for iron and steel wire.
834
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1500
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
996
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1220
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
664
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
924
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3526
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
751
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
221
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
207
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
