Vietnam - Welded And Cold-Formed Sections Of Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Welded and Cold-Formed Steel Sections in Vietnam - 2021
Contents:
- Price for Welded and Cold-Formed Steel Sections in Vietnam (FOB) - 2022
- Price for Welded and Cold-Formed Steel Sections in Vietnam (CIF) - 2022
- Exports of Welded and Cold-Formed Steel Sections in Vietnam
- Imports of Welded and Cold-Formed Steel Sections in Vietnam
Price for Welded and Cold-Formed Steel Sections in Vietnam (FOB) - 2022
In 2022, the average export price for welded and cold-formed sections of steel amounted to $3,906 per ton, growing by 11% against the previous year. In general, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2013 when the average export price increased by 600% against the previous year. The export price peaked at $4,031 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +73.7% per year.
Price for Welded and Cold-Formed Steel Sections in Vietnam (CIF) - 2022
The average import price for welded and cold-formed sections of steel stood at $3,366 per ton in 2022, dropping by -2% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +10.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, welded and cold-formed steel sections import price decreased by -4.2% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $3,513 per ton. From 2016 to 2022, the average import prices remained 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 Taiwan (Chinese) ($3,789 per ton) and South Korea ($3,636 per ton), while the price for China ($3,294 per ton) and Japan ($3,418 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Welded and Cold-Formed Steel Sections in Vietnam
Welded and cold-formed steel sections exports from Vietnam declined rapidly to 81 tons in 2022, waning by -15.4% against the previous year's figure. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 30%.
In value terms, welded and cold-formed steel sections exports shrank to $316K in 2022. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 13%.
| Export of Welded and Cold-Formed Steel Sections in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 169 | 230 | 114 | 316 | 23.2% |
| Cambodia | 153 | N/A | N/A | N/A | 0% |
| Myanmar | 125 | N/A | 25.0 | N/A | -55.3% |
| Lao People's Democratic Republic | N/A | 40.0 | 61.3 | N/A | 53.3% |
| Australia | N/A | N/A | 81.4 | N/A | 0% |
| Canada | N/A | N/A | 52.1 | N/A | 0% |
| Others | 26.8 | 26.3 | 2.4 | N/A | -70.1% |
| Total | 474 | 297 | 336 | 316 | -12.6% |
Top Export Markets for Welded and Cold-Formed Steel Sections from Vietnam in 2022:
- United States (81.0 tons)
Imports of Welded and Cold-Formed Steel Sections in Vietnam
In 2022, approx. 81 tons of welded and cold-formed sections of steel were imported into Vietnam; dropping by -16.8% against the previous year. Overall, imports recorded a dramatic contraction. The growth pace was the most rapid in 2021 when imports increased by 51%.
In value terms, welded and cold-formed steel sections imports shrank notably to $271K in 2022. Over the period under review, imports recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year.
| Import of Welded and Cold-Formed Steel Sections in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,427 | 147 | 209 | 221 | -46.3% |
| Taiwan (Chinese) | 3.8 | 8.6 | 92.0 | 35.6 | 110.8% |
| South Korea | 0.8 | 35.5 | 12.6 | 6.1 | 96.8% |
| Others | 28.8 | 19.0 | 19.4 | 8.5 | -33.4% |
| Total | 1,460 | 210 | 333 | 271 | -43.0% |
Top Suppliers of Welded and Cold-Formed Steel Sections to Vietnam in 2022:
- China (67.1 tons)
- Taiwan (Chinese) (9.4 tons)
- South Korea (1.7 tons)
This report provides an in-depth analysis of the market for welded and cold-formed steel sections 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 24107420 - Welded and cold-formed sections (of steel)
- Prodcom 2410T260 - Welded sections
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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