Vietnam: Ferro-Chromium Market Overview 2020

Ferro-Chromium Market Size in Vietnam

The revenue of the ferro-chromium market in Viet Nam amounted to $X in 2018, shrinking 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). In general, ferro-chromium consumption, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Viet Nam ferro-chromium consumption peaked at $X in 2017, and then declined slightly in the following year.

Ferro-Chromium Exports

Exports from Vietnam

Ferro-chromium exports from Viet Nam stood at X tonnes in 2018, surging by X% against the previous year. Over the period under review, ferro-chromium exports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. In that year, ferro-chromium exports attained their peak of X tonnes. From 2010 to 2018, the growth of ferro-chromium exports failed to regain its momentum.

In value terms, ferro-chromium exports stood at $X in 2018. In general, ferro-chromium exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Viet Nam exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

South Africa was the major exporter of ferro-chromium exported in the world, with the volume of exports reaching X tonnes, which was near X% of total exports in 2018. Kazakhstan (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by India (X%). The following exporters - Finland (X tonnes), Russia (X tonnes), Zimbabwe (X tonnes) and Sweden (X tonnes) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to ferro-chromium exports from South Africa stood at +X%. At the same time, Finland (+X%), India (+X%), Sweden (+X%), Kazakhstan (+X%) and Zimbabwe (+X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. By contrast, Russia (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of South Africa, India, Kazakhstan and Finland increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Kazakhstan ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Russia, Finland, Zimbabwe and Sweden lagged somewhat behind, together comprising a further X experienced the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The ferro-chromium export price in Viet Nam stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period under review, the ferro-chromium export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% against the previous year. Over the period under review, the export prices for ferro-chromium reached their peak figure at $X per tonne in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Russia ($X per tonne), while South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Ferro-Chromium Imports

Imports into Vietnam

In 2018, the amount of ferro-chromium imported into Viet Nam amounted to X tonnes, lowering by -X% against the previous year. In general, ferro-chromium imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Viet Nam imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, ferro-chromium imports totaled $X in 2018. In general, the total imports indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, ferro-chromium imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Viet Nam imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tonnes), distantly followed by Japan (X tonnes), the U.S. (X tonnes), South Korea (X tonnes), the United Arab Emirates (X tonnes), Belgium (X tonnes) and Italy (X tonnes) were the main importers of ferro-chromium, together constituting X% of total imports. Taiwan, Chinese (X tonnes), Germany (X tonnes), Spain (X tonnes) and Indonesia (X tonnes) held a relatively small share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, the United Arab Emirates (+X%), Indonesia (+X%), the U.S. (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%), Japan (-X%), Belgium (-X%), Italy (-X%), Taiwan, Chinese (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), the United Arab Emirates (+X p.p.), the U.S. (+X p.p.), Indonesia (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Belgium (-X p.p.), Italy (-X p.p.), Taiwan, Chinese (-X p.p.), Japan (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and the U.S. ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by South Korea, Germany, Taiwan, Chinese, Belgium, the United Arab Emirates, Italy, Spain and Indonesia, which together accounted for a further X United Arab Emirates (+X% per year) experienced the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the ferro-chromium import price in Viet Nam amounted to $X per tonne, going up by X% against the previous year. In general, the ferro-chromium import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the import price increased by X% against the previous year. Over the period under review, the import prices for ferro-chromium reached their peak figure at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform