Vietnam: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2022

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in Vietnam

The Vietnamese market for aluminium alloy plates, sheets and strip of thickness over X mm contracted significantly to $X in 2021, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a remarkable increase. Consumption of peaked at $X in 2020, and then plummeted in the following year.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Vietnam

In 2021, overseas shipments of aluminium alloy plates, sheets and strip of thickness over X mm decreased by -X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm contracted to $X in 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for exports of aluminium alloy plates, sheets and strip of thickness over X mm from Vietnam, with a X% share of total exports. Moreover, exports of aluminium alloy plates, sheets and strip of thickness over X mm to Bahrain exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. Cambodia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Bahrain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Cambodia (+X% per year).

In value terms, Bahrain ($X) remains the key foreign market for aluminium alloy plate, sheet and strip of thickness over X mm exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Bahrain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Cambodia (+X% per year).

Export Prices by Country

In 2021, the average export price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Vietnam

After nine years of growth, supplies from abroad of aluminium alloy plates, sheets and strip of thickness over X mm decreased by -X% to X tons in 2021. In general, imports, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2020, and then shrank significantly in the following year.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm dropped notably to $X in 2021. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2020, and then dropped sharply in the following year.

Imports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of imports of aluminium alloy plates, sheets and strip of thickness over X mm to Vietnam, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest aluminium alloy plate, sheet and strip of thickness over X mm suppliers to Vietnam were South Korea ($X), China ($X) and Thailand ($X), together accounting for X% of total imports.

Among the main suppliers, Thailand, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per ton) and South Korea ($X per ton), while the price for Thailand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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