Vietnam: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2025

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Vietnam

The Vietnamese loose-leaf binder metal fitting market dropped slightly to $X in 2022, which is down by -4.8% 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). Over the period under review, consumption, however, enjoyed a prominent expansion. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports from Vietnam

In 2022, the amount of base metal fittings for loose-leaf binders or files exported from Vietnam skyrocketed to X tons, growing by 88% compared with 2021 figures. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 877%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, loose-leaf binder metal fitting exports surged to $X in 2022. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 956%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Myanmar (X tons) and China (X tons) were the main destinations of loose-leaf binder metal fitting exports from Vietnam, with a combined 57% share of total exports. The UK, Hong Kong SAR, Cambodia, the United States and Japan lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +90.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loose-leaf binder metal fitting exported from Vietnam were Malaysia ($X), Myanmar ($X) and Japan ($X), together accounting for 63% of total exports.

In terms of the main countries of destination, Myanmar, with a CAGR of +83.7%, 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

The average loose-leaf binder metal fitting export price stood at $X per ton in 2022, reducing by -6.8% against the previous year. In general, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports into Vietnam

In 2022, loose-leaf binder metal fitting imports into Vietnam fell to X tons, which is down by -2.4% on the previous year. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 65% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, loose-leaf binder metal fitting imports fell slightly to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 69%. Imports peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

Malaysia (X tons), China (X tons) and Japan (X tons) were the main suppliers of loose-leaf binder metal fitting imports to Vietnam, together accounting for 94% of total imports. These countries were followed by India, which accounted for a further 4.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of base metal fittings for loose-leaf binders or files to Vietnam, comprising 61% of total imports. The second position in the ranking was held by Malaysia ($X), with a 26% share of total imports. It was followed by Japan, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.3% per year) and Japan (+4.8% per year).

Import Prices by Country

In 2022, the average loose-leaf binder metal fitting import price amounted to $X per ton, which is down by -2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell 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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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