Vietnam: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in Vietnam

The Vietnamese threaded copper articles market expanded significantly to $X in 2022, increasing by 12% against the previous year. In general, consumption, however, showed a deep slump. Threaded copper articles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Threaded Copper Articles Production in Vietnam

In value terms, threaded copper articles production rose notably to $X in 2022 estimated in export price. In general, production, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by 63%. Threaded copper articles production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Threaded Copper Articles Exports

Exports from Vietnam

After three years of growth, overseas shipments of threaded articles of copper decreased by -4.7% to X tons in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 392%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, threaded copper articles exports shrank to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 358%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and Japan (X tons) were the main destinations of threaded copper articles exports from Vietnam, with a combined 64% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +129.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the United States ($X) and Japan ($X) were the largest markets for threaded copper articles exported from Vietnam worldwide, with a combined 64% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +124.7%, saw the highest growth rate of 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

In 2022, the average threaded copper articles export price amounted to $X per ton, growing by 1.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 17%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per ton) and Japan ($X per ton), while the average price for exports to the United States ($X per ton) and Australia ($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 India (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Copper Articles Imports

Imports into Vietnam

Threaded copper articles imports into Vietnam expanded rapidly to X tons in 2022, growing by 10% compared with the year before. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 68% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, threaded copper articles imports fell slightly to $X in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 62%. Imports peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of threaded copper articles imports to Vietnam, together accounting for 75% of total imports. Germany, Japan, Malaysia, the Netherlands, Thailand and the United States lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest threaded copper articles suppliers to Vietnam, with a combined 71% share of total imports. Japan, Germany, the Netherlands, Malaysia, Thailand and the United States lagged somewhat behind, together accounting for a further 24%.

Germany, with a CAGR of +37.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average threaded copper articles import price stood at $X per ton in 2022, reducing by -11.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2014 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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