Vietnam: Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size in Vietnam

The Vietnamese stainless steel angle market fell sharply to $X in 2021, reducing by -59.7% 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). Overall, consumption continues to indicate a abrupt slump. Stainless steel angle consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Stainless Steel Angle Exports

Exports from Vietnam

In 2021, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel increased by 351% to X tons, rising for the second consecutive year after two years of decline. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel angle exports skyrocketed to $X in 2021. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X tons) was the main destination for stainless steel angle exports from Vietnam, accounting for a 83% share of total exports. Moreover, stainless steel angle exports to Cambodia exceeded the volume sent to the second major destination, Thailand (X tons), sevenfold. Japan (X tons) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia stood at +36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+105.0% per year) and Japan (+26.4% per year).

In value terms, Cambodia ($X) remains the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from Vietnam, comprising 84% of total exports. The second position in the ranking was taken by Thailand ($X), with a 4.5% share of total exports. It was followed by Japan, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cambodia amounted to +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+65.5% per year) and Japan (+22.9% per year).

Export Prices by Country

In 2021, the average stainless steel angle export price amounted to $X per ton, declining by -16.5% against the previous year. Overall, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2019 an increase of 41% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+0.7%), while the prices for the other major destinations experienced a decline.

Stainless Steel Angle Imports

Imports into Vietnam

Stainless steel angle imports into Vietnam contracted sharply to X tons in 2021, with a decrease of -64.6% on the previous year. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 68%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, stainless steel angle imports reduced sharply to $X in 2021. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 56%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Japan (X tons) were the main suppliers of stainless steel angle imports to Vietnam, with a combined 93% share of total imports. India lagged somewhat behind, accounting for a further 5%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +68.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Vietnam, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Japan, with a 21% share.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.1% per year) and Japan (+28.4% per year).

Import Prices by Country

In 2021, the average stainless steel angle import price amounted to $X per ton, with an increase of 62% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 65% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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