Vietnam: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in Vietnam

In 2019, the Vietnamese aluminium bar market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Aluminium bar consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Aluminium Bar Production in Vietnam

In value terms, aluminium bar production rose modestly to $X in 2019 estimated in export prices. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2019, production failed to regain the momentum.

Aluminium Bar Exports

Exports from Vietnam

In 2019, after eight years of growth, there was significant decline in shipments abroad of aluminium bars, rods and profiles, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2018, and then reduced in the following year.

In value terms, aluminium bar exports reduced to $X in 2019. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2018, and then dropped modestly in the following year.

Exports by Country

The U.S. (X tonnes), South Korea (X tonnes) and Canada (X tonnes) were the main destinations of aluminium bar exports from Viet Nam, together comprising X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium bar exported from Viet Nam were the U.S. ($X), South Korea ($X) and Canada ($X), with a combined X% share of total exports.

In terms of the main countries of destination, South Korea (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average aluminium bar export price amounted to $X per tonne, with an increase of X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs in 2019 and is likely to continue growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2019, the highest prices were recorded for prices to Japan ($X per tonne) and Thailand ($X per tonne), while the average price for exports to Australia ($X per tonne) and Canada ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia, while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Vietnam

For the sixth year in a row, Viet Nam recorded growth in purchases abroad of aluminium bars, rods and profiles, which increased by X% to X tonnes in 2019. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in the near future.

In value terms, aluminium bar imports reached $X in 2019. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, China (X tonnes) constituted the largest aluminium bar supplier to Viet Nam, accounting for a X% share of total imports. Moreover, aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and South Korea (+X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium bar to Viet Nam, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The average aluminium bar import price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was South Korea ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium bars, rods and profiles in the world?

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The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), with a combined 49% share of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

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The country with the largest volume of aluminium bar production was China (6.1M tonnes), comprising approx. 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. Brazil (1.2M tonnes) ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of aluminium bars, rods and profiles to Vietnam?

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In value terms, China ($75M) constituted the largest supplier of aluminium bar to Viet Nam, comprising 77% of total imports. The second position in the ranking was occupied by Malaysia ($12M), with a 12% share of total imports.

What are the leading importers of aluminium bars, rods and profiles from Vietnam?

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In value terms, the largest markets for aluminium bar exported from Viet Nam were the U.S. ($63M), South Korea ($41M) and Canada ($25M), with a combined 73% share of total exports.

What is the average export price for aluminium bars, rods and profiles in Vietnam?

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In 2019, the average aluminium bar export price amounted to $4,627 per tonne, growing by 6.7% against the previous year.

What is the average import price for aluminium bars, rods and profiles in Vietnam?

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In 2019, the average aluminium bar import price amounted to $2,819 per tonne, declining by -4% against the previous year.