Vietnam: Extruded Rod Market 2022

Extruded Rod Market Size in Vietnam

The Vietnamese extruded rod market dropped to $X in 2021, reducing by -X% against the previous year. Overall, consumption, however, showed a deep downturn. Extruded rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Extruded Rod Production in Vietnam

In value terms, extruded rod production dropped to $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Extruded rod production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports from Vietnam

In 2021, the amount of extruded rods and profile shapes of cellular vulcanised rubber exported from Vietnam surged to X tons, with an increase of X% against the year before. Over the period under review, exports, however, saw a abrupt decrease. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, extruded rod exports soared to $X in 2021. In general, exports, however, continue to indicate a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Togo (X tons), the United States (X tons) and Indonesia (X tons) were the main destinations of extruded rod exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2021, 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 +X%), while the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), the United States ($X) and Indonesia ($X) were the largest markets for extruded rod exported from Vietnam worldwide, together comprising X% of total exports. India, Cambodia, Hong Kong SAR and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X the main countries of destination, India, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 extruded rod export price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Cambodia ($X per ton), while the average price for exports to the United States ($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 Hong Kong SAR (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into Vietnam

In 2021, after seven years of growth, there was significant decline in overseas purchases of extruded rods and profile shapes of cellular vulcanised rubber, when their volume decreased by -X% to X tons. In general, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, extruded rod imports reduced to $X in 2021. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest extruded rod supplier to Vietnam, accounting for a X% share of total imports. Moreover, extruded rod imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Thailand (+X% per year).

In value terms, China ($X) constituted the largest supplier of extruded rod to Vietnam, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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