Vietnam: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Vietnam

The Vietnamese cast iron household articles market contracted rapidly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild expansion. Cast iron household articles consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Table, Kitchen Or Household Articles Of Cast Iron in Vietnam

In value terms, cast iron household articles production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Cast iron household articles production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Vietnam

In 2022, exports of table, kitchen or household articles of cast iron from Vietnam soared to X tons, rising by X% against 2021. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, cast iron household articles exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of cast iron household articles exports from Vietnam, together accounting for X% of total exports. The UK and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cast iron household articles exported from Vietnam were the Netherlands ($X), the United States ($X) and Belgium ($X), with a combined X% share of total exports. The UK and Japan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average cast iron household articles export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Belgium ($X per ton), while the average price for exports to Japan ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Vietnam

After two years of growth, supplies from abroad of table, kitchen or household articles of cast iron decreased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, cast iron household articles imports fell rapidly to $X in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest cast iron household articles supplier to Vietnam, accounting for a X% share of total imports. Moreover, cast iron household articles imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to Vietnam, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, 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: the United States (X% per year) and Thailand (X% per year).

Import Prices by Country

The average cast iron household articles import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, 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.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :