Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam - 2022
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam (FOB) - 2022
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam (CIF) - 2022
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam (FOB) - 2022
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $1,877 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 183% against the previous year. As a result, the export price reached the peak level of $2,270 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($1,876 per ton) and Mexico ($1,876 per ton), while the average price for exports to Australia ($1,876 per ton) and Malaysia ($1,876 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 Mexico (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam (CIF) - 2022
In 2022, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $2,155 per ton, approximately equating the previous year. Over the period under review, the import price enjoyed a strong expansion. The growth pace was the most rapid in 2018 an increase of 54%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($2,163 per ton) and Japan ($2,155 per ton), while the price for China ($2,155 per ton) and South Korea ($2,155 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam
For the third consecutive year, Vietnam recorded decline in shipments abroad of steel alloy wire of materials other than silico-manganese steels, which decreased by 0% to 48K tons in 2022. In general, exports continue to indicate a buoyant increase. The smallest decline of -9.4% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels totaled $90M in 2022. Overall, exports posted strong growth. The smallest decline of -12.8% was in 2020. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.2 | 7.6 | N/A | 17.7 | 13.2% |
| Cambodia | 10.3 | 15.3 | N/A | 14.6 | 12.3% |
| Japan | 7.1 | 5.5 | N/A | 10.9 | 15.4% |
| Taiwan (Chinese) | 2.0 | 1.0 | N/A | 9.0 | 65.1% |
| Malaysia | 2.2 | 3.1 | N/A | 5.0 | 31.5% |
| Mexico | 2.7 | 2.3 | N/A | 4.3 | 16.8% |
| Germany | 1.0 | 1.3 | N/A | 3.8 | 56.0% |
| Thailand | 1.2 | 0.6 | N/A | 3.4 | 41.5% |
| Australia | 1.6 | 2.0 | N/A | 2.8 | 20.5% |
| India | 4.4 | 2.7 | N/A | 2.4 | -18.3% |
| Russia | 1.9 | 1.3 | N/A | 2.3 | 6.6% |
| South Korea | 0.1 | 0.3 | N/A | 2.1 | 175.9% |
| China | N/A | 0.5 | N/A | 1.5 | 73.2% |
| Others | 10.3 | 6.2 | N/A | 10.7 | 1.3% |
| Total | 57.0 | 49.7 | N/A | 90.5 | 16.7% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Vietnam in 2022:
- United States (9.4K tons)
- Cambodia (7.8K tons)
- Japan (5.8K tons)
- Taiwan (Chinese) (4.8K tons)
- Malaysia (2.7K tons)
- Mexico (2.3K tons)
- Germany (2.0K tons)
- Thailand (1.8K tons)
- Australia (1.5K tons)
- India (1.3K tons)
- Russia (1.2K tons)
- South Korea (1.1K tons)
- China (0.8K tons)
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam
For the third consecutive year, Vietnam recorded decline in supplies from abroad of steel alloy wire of materials other than silico-manganese steels, which decreased by 0% to 18K tons in 2022. In general, imports saw a drastic downturn. The smallest decline of -17.5% was in 2020.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels totaled $40M in 2022. Overall, imports continue to indicate prominent growth. The smallest decline of -18.1% was in 2020. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 15.5 | 11.8 | N/A | 16.8 | 2.7% |
| Taiwan (Chinese) | 5.7 | 4.5 | N/A | 8.2 | 12.9% |
| China | 3.5 | 4.9 | N/A | 6.8 | 24.8% |
| Japan | 3.4 | 2.0 | N/A | 4.0 | 5.6% |
| Thailand | 3.2 | 1.9 | N/A | 1.9 | -16.0% |
| Germany | 0.4 | 0.3 | N/A | 1.0 | 35.7% |
| France | N/A | N/A | N/A | 0.7 | 0% |
| Others | 0.9 | 1.1 | N/A | 0.5 | -17.8% |
| Total | 32.5 | 26.6 | N/A | 39.7 | 6.9% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Vietnam in 2022:
- South Korea (7.8K tons)
- Taiwan (Chinese) (3.8K tons)
- China (3.1K tons)
- Japan (1.9K tons)
- Thailand (0.9K tons)
- Germany (0.4K tons)
- France (0.3K tons)
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