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Vietnam - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights
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Vietnam: Hot-Rolled Free-Cutting Steel Market Overview 2021

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Hot-Rolled Free-Cutting Steel Market Size in Vietnam

After three years of decline, the Vietnamese hot-rolled free-cutting steel market increased by X% to $X in 2020. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Production in Vietnam

In value terms, hot-rolled free-cutting steel production skyrocketed to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from Vietnam

Hot-rolled free-cutting steel exports from Viet Nam soared to X tonnes in 2020, jumping by X% compared with 2019. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, hot-rolled free-cutting steel exports skyrocketed to $X in 2020. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to continue growth in years to come.

Exports by Country

Lao People's Democratic Republic (X tonnes) was the main destination for hot-rolled free-cutting steel exports from Viet Nam, with a X% share of total exports. Moreover, hot-rolled free-cutting steel exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Cambodia (X tonnes), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Lao People's Democratic Republic amounted to +X%.

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for hot-rolled free-cutting steel exports from Viet Nam, comprising X% of total exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Lao People's Democratic Republic amounted to +X%.

Export Prices by Country

The average hot-rolled free-cutting steel export price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the export price, however, showed a mild downturn. The pace of growth was the most pronounced in 2009 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2010 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was Lao People's Democratic Republic ($X per tonne), while the average price for exports to Cambodia amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia.

Hot-Rolled Free-Cutting Steel Imports

Imports into Vietnam

Hot-rolled free-cutting steel imports into Viet Nam contracted significantly to X tonnes in 2020, with a decrease of -X% on the year before. Over the period under review, imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, hot-rolled free-cutting steel imports dropped significantly to $X in 2020. In general, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

Japan (X tonnes), Taiwan (Chinese) (X tonnes) and China (X tonnes) were the main suppliers of hot-rolled free-cutting steel imports to Viet Nam, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China, while imports for the other leaders experienced a decline.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) were the largest hot-rolled free-cutting steel suppliers to Viet Nam, with a combined X% share of total imports.

Among the main suppliers, China 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 a decline.

Import Prices by Country

In 2020, the average hot-rolled free-cutting steel import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hot-rolled free-cutting steel import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2020 and is likely to continue growth in the near future.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?
+
The countries with the highest volumes of hot-rolled free-cutting steel consumption in 2020 were China (852K tonnes), the U.S. (454K tonnes) and India (329K tonnes), with a combined 41% share of global consumption. These countries were followed by Japan, Germany, Russia, Singapore, the UK, France, Turkey, Iran, South Korea and Italy, which together accounted for a further 28%.
What are the largest producers of hot-rolled bars in free-cutting steels in the world?
+
The countries with the highest volumes of hot-rolled free-cutting steel production in 2020 were China (852K tonnes), the U.S. (435K tonnes) and India (330K tonnes), with a combined 41% share of global production. These countries were followed by Japan, Germany, Russia, Saudi Arabia, France, the UK, Turkey, Iran, South Korea and Canada, which together accounted for a further 29%.
What are the leading suppliers of hot-rolled bars in free-cutting steels to Vietnam?
+
In value terms, Japan ($201K), Taiwan (Chinese) ($109K) and China ($43K) appeared to be the largest hot-rolled free-cutting steel suppliers to Viet Nam, together accounting for 87% of total imports.
What are the leading importers of hot-rolled bars in free-cutting steels from Vietnam?
+
In value terms, Lao People's Democratic Republic ($860K) remains the key foreign market for hot-rolled free-cutting steel exports from Viet Nam, comprising 84% of total exports. The second position in the ranking was occupied by Cambodia ($159K), with a 16% share of total exports.
What is the average export price for hot-rolled bars in free-cutting steels in Vietnam?
+
In 2020, the average hot-rolled free-cutting steel export price amounted to $765 per tonne, increasing by 26% against the previous year.
What is the average import price for hot-rolled bars in free-cutting steels in Vietnam?
+
The average hot-rolled free-cutting steel import price stood at $1,424 per tonne in 2020, increasing by 6.7% against the previous year.

Product coverage:
• Prodcom 24106230 - Hot-rolled bars in free-cutting steels

This report provides an in-depth analysis of the hot-rolled free-cutting steel 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 2025.


Country coverage:
• Viet Nam

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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