Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $5,121 per ton, surging by 33% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +68.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue 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 Japan ($5,121 per ton) and Thailand ($5,121 per ton), while the price for China ($5,121 per ton) and the Netherlands ($5,121 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam (FOB) - 2022
In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $4,759 per ton, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($4,759 per ton) and China ($4,759 per ton), while the average price for exports to Italy ($4,759 per ton) and Spain ($4,759 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 Spain (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam
In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms into Vietnam soared to 5.6K tons, picking up by 44% against the previous year's figure. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 321% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms soared to $29M in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 430%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.7 | 0.4 | 10.7 | 20.1 | 127.8% |
| China | 1.2 | 1.1 | 1.4 | 5.0 | 60.9% |
| Japan | N/A | N/A | 0.7 | 1.2 | 71.4% |
| Thailand | 0.7 | 0.8 | 0.9 | 1.2 | 19.7% |
| Netherlands | 0.1 | 0.2 | 0.5 | 0.6 | 81.7% |
| Others | 0.4 | 0.2 | 0.5 | 0.4 | 0.0% |
| Total | 4.1 | 2.8 | 14.8 | 28.6 | 91.1% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Vietnam in 2022:
- Malaysia (3922.5 tons)
- China (967.5 tons)
- Thailand (243.0 tons)
- Japan (237.8 tons)
- Netherlands (120.2 tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms, when their volume decreased by -12.3% to 5.3K tons. The total export volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. As a result, the exports reached the peak of 6.1K tons, and then reduced in the following year.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms totaled $25M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.7 | 8.9 | 7.7 | 11.7 | 20.4% |
| Japan | 5.6 | 3.5 | 10.8 | 8.9 | 16.7% |
| Malaysia | 2.0 | 2.9 | 4.2 | 2.9 | 13.2% |
| Spain | 0.1 | 0.3 | 0.8 | 1.0 | 115.4% |
| China | 0.2 | 0.2 | 0.7 | 0.9 | 65.1% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 14.8 | 16.0 | 24.3 | 25.3 | 19.6% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Vietnam in 2022:
- Italy (2459.8 tons)
- Japan (1866.8 tons)
- Malaysia (603.0 tons)
- Spain (205.1 tons)
- China (181.2 tons)
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