Vietnam: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Vietnam

The Vietnamese ferro-cerium and pyrophoric alloys market expanded significantly to $X in 2021, increasing by 13% against the previous year. In general, consumption, however, showed a slight shrinkage. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Vietnam

In value terms, ferro-cerium and pyrophoric alloys production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, showed a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 49% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Vietnam

In 2021, shipments abroad of ferro-cerium and pyrophoric alloys was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports showed a significant expansion. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant increase. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Brazil (X tons) and Taiwan (Chinese) (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from Vietnam, with a combined 82% share of total exports. These countries were followed by Switzerland, Thailand, Malaysia and Canada, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +126.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Vietnam, comprising 50% of total exports. The second position in the ranking was held by Brazil ($X), with an 18% share of total exports. It was followed by Switzerland, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +70.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+67.8% per year) and Switzerland (+43.1% per year).

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, reducing by -43% against the previous year. In general, the export price continues to indicate a mild slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 61% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, 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 Switzerland ($X per ton), while the average price for exports to Malaysia ($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 Thailand (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Vietnam

In 2021, overseas purchases of ferro-cerium and pyrophoric alloys were finally on the rise to reach X tons after three years of decline. Over the period under review, imports posted a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 122%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 171%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Thailand (X tons), China (X tons) and the United States (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Vietnam, with a combined 82% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +78.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and China ($X) appeared to be the largest ferro-cerium and pyrophoric alloys suppliers to Vietnam, together comprising 83% of total imports.

Malaysia, with a CAGR of +103.3%, saw 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 ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, waning by -1.7% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 24% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+17.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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