Vietnam: Aluminium Market Overview 2021

Aluminium Market Size in Vietnam

The Vietnamese aluminium market reduced modestly to $X in 2019, dropping 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). Overall, consumption posted resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a lower figure.

Aluminium Exports

Exports from Vietnam

For the fifth year in a row, Viet Nam recorded growth in overseas shipments of aluminium, which increased by X% to X tonnes in 2019. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Exports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, aluminium exports expanded rapidly to $X in 2019. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in years to come.

Exports by Country

Taiwan (Chinese) (X tonnes), Thailand (X tonnes) and South Korea (X tonnes) were the main destinations of aluminium exports from Viet Nam, together comprising X% of total exports. These countries were followed by Costa Rica, India, Japan and Malaysia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Thailand ($X) and South Korea ($X) were the largest markets for aluminium exported from Viet Nam worldwide, together accounting for X% of total exports. Costa Rica, India, Japan and Malaysia lagged somewhat behind, together accounting for a further X Rica (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 export price amounted to $X per tonne, waning by -X% against the previous year. In general, the export price showed a slight slump. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2008; however, from 2009 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2019, the highest prices were recorded for prices to Thailand ($X per tonne) and India ($X per tonne), while the average price for exports to Malaysia ($X per tonne) and Costa Rica ($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 Taiwan (Chinese), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Imports

Imports into Vietnam

In 2019, aluminium imports into Viet Nam expanded significantly to X tonnes, growing by X% on the previous year's figure. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2010 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 years to come.

In value terms, aluminium imports reduced slightly to $X in 2019. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2018, and then shrank slightly in the following year.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest supplier of aluminium to Viet Nam, with a X% share of total imports. Moreover, aluminium imports from Malaysia exceeded the figures recorded by the second-largest supplier, South Korea (X tonnes), twofold. Iran (X tonnes) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average aluminium import price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Qatar, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium in the world?

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China (36M tonnes) remains the largest aluminium consuming country worldwide, accounting for 54% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. India (2.8M tonnes) ranked third in terms of total consumption with a 4.2% share.

What are the largest producers of aluminium in the world?

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The country with the largest volume of aluminium production was China (36M tonnes), accounting for 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. Russia (3.6M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of aluminium to Vietnam?

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In value terms, Malaysia ($387M) constituted the largest supplier of aluminium to Viet Nam, comprising 40% of total imports. The second position in the ranking was occupied by South Korea ($172M), with a 18% share of total imports. It was followed by China, with a 6.3% share.

What are the leading importers of aluminium from Vietnam?

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In value terms, the largest markets for aluminium exported from Viet Nam were Taiwan (Chinese) ($75M), Thailand ($56M) and South Korea ($46M), together comprising 55% of total exports. These countries were followed by Costa Rica, India, Japan and Malaysia, which together accounted for a further 28%.

What is the average export price for aluminium in Vietnam?

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The average aluminium export price stood at $1,886 per tonne in 2019, which is down by -13.3% against the previous year.

What is the average import price for aluminium in Vietnam?

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The average aluminium import price stood at $2,065 per tonne in 2019, dropping by -12.5% against the previous year.