Vietnam - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Stranded Wire Price in Vietnam - 2021
Contents:
- Steel Stranded Wire Price in Vietnam (FOB) - 2022
- Steel Stranded Wire Price in Vietnam (CIF) - 2022
- Steel Stranded Wire Exports in Vietnam
- Steel Stranded Wire Imports in Vietnam
Steel Stranded Wire Price in Vietnam (FOB) - 2022
In 2022, the average steel stranded wire export price amounted to $1,891 per ton, dropping by -5.3% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 an increase of 14% against the previous year. Over the period under review, the average export prices reached the maximum at $2,703 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($2,517 per ton) and Finland ($2,492 per ton), while the average price for exports to South Korea ($1,748 per ton) and the United States ($1,777 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 Finland (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Steel Stranded Wire Price in Vietnam (CIF) - 2022
The average steel stranded wire import price stood at $1,458 per ton in 2022, waning by -9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 23% against the previous year. As a result, import price reached the peak level of $1,603 per ton, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($3,685 per ton), while the price for China totaled $1,336 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Stranded Wire Exports in Vietnam
In 2022, steel stranded wire exports from Vietnam dropped to 235K tons, declining by -12.9% compared with the year before. Overall, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. As a result, the exports attained the peak of 270K tons, and then declined in the following year.
In value terms, steel stranded wire exports fell markedly to $445M in 2022. In general, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of $539M, and then plummeted in the following year.
Export of Steel Stranded Wire in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 154 | 97.6 | 180 | 178 | 4.9% |
South Korea | 45.0 | 36.6 | 48.2 | 32.4 | -10.4% |
Japan | 16.2 | 14.5 | 25.8 | 19.8 | 6.9% |
Poland | 14.4 | 7.2 | 13.4 | 14.5 | 0.2% |
Germany | 14.0 | 5.4 | 10.8 | 11.3 | -6.9% |
Mexico | N/A | 3.1 | 3.1 | 10.9 | 87.5% |
Italy | 5.5 | 4.7 | 10.1 | 9.8 | 21.2% |
Finland | 3.9 | 2.6 | 4.4 | 9.7 | 35.5% |
China | 12.0 | 13.8 | 15.6 | 8.9 | -9.5% |
India | 2.0 | 4.5 | 9.2 | 8.4 | 61.3% |
Portugal | 4.7 | 4.1 | 7.3 | 7.3 | 15.8% |
Spain | 9.6 | 4.5 | 8.2 | 5.1 | -19.0% |
Luxembourg | 45.1 | 21.7 | 38.3 | 0.7 | -75.1% |
Others | 175 | 130 | 165 | 128 | -9.9% |
Total | 501 | 350 | 539 | 445 | -3.9% |
Top Export Markets for Steel Stranded Wire from Vietnam in 2022:
- United States (100.0K tons)
- South Korea (18.5K tons)
- Japan (7.9K tons)
- Poland (7.6K tons)
- Germany (5.6K tons)
- Mexico (5.5K tons)
- Italy (5.2K tons)
- India (4.6K tons)
- China (4.1K tons)
- Portugal (3.9K tons)
- Finland (3.9K tons)
- Spain (2.5K tons)
- Luxembourg (0.2K tons)
Steel Stranded Wire Imports in Vietnam
In 2022, overseas purchases of iron or steel stranded wire, ropes and cables decreased by -2.6% to 145K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 21%.
In value terms, steel stranded wire imports reduced to $211M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of $239M, and then dropped in the following year.
Import of Steel Stranded Wire in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 114 | 133 | 173 | 184 | 17.3% |
South Korea | 10.5 | 10.0 | 10.4 | 10.4 | -0.3% |
Thailand | 17.4 | 18.0 | 23.7 | N/A | 16.7% |
Malaysia | 1.8 | 1.5 | 6.1 | N/A | 84.1% |
Indonesia | 5.9 | 6.4 | 6.1 | N/A | 1.7% |
Others | 18.0 | 15.6 | 19.2 | 16.6 | -2.7% |
Total | 168 | 184 | 239 | 211 | 7.9% |
Top Suppliers of Steel Stranded Wire to Vietnam in 2022:
- China (138.0K tons)
- South Korea (2.8K tons)
This report provides an in-depth analysis of the steel stranded wire market 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
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
This report provides an in-depth analysis of the steel stranded wire market in Vietnam.
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This report provides an in-depth analysis of the steel stranded wire market in Vietnam.
This report provides an in-depth analysis of the stranded wire market in Vietnam.
This report provides an in-depth analysis of the steel plaited band market in Vietnam.
This report provides an in-depth analysis of the global steel stranded wire market.
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...