Vietnam: Ferro-Alloys Market 2025

Ferro-Alloys Market Size in Vietnam

The Vietnamese ferro-alloys market shrank to $X in 2022, falling by X% against the previous year. In general, consumption, however, saw a buoyant increase. Ferro-alloys consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ferro-Alloys Production in Vietnam

In value terms, ferro-alloys production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Ferro-Alloys Exports

Exports from Vietnam

After two years of growth, shipments abroad of ferro-alloys decreased by X% to X tons in 2022. In general, exports saw a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-alloys exports shrank markedly to $X in 2022. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for ferro-alloys exports from Vietnam, with a X% share of total exports. Moreover, ferro-alloys exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), sevenfold. Pakistan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Pakistan (X% per year).

In value terms, Japan ($X) remains the key foreign market for ferro-alloys exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Pakistan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Pakistan (X% per year).

Export Prices by Country

The average ferro-alloys export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to Pakistan ($X per ton) and Japan ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Alloys Imports

Imports into Vietnam

In 2022, supplies from abroad of ferro-alloys decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-alloys imports shrank significantly to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), China (X tons) and India (X tons) were the main suppliers of ferro-alloys imports to Vietnam, with a combined X% share of total imports.

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

In value terms, Malaysia ($X), China ($X) and India ($X) appeared to be the largest ferro-alloys suppliers to Vietnam, with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of 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 ferro-alloys import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :