Vietnam: Ferro-Titanium And Ferro-Silico-Titanium Market 2025

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Vietnam

The Vietnamese ferro-titanium and ferro-silico-titanium market skyrocketed to $X in 2022, with an increase of 38% 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). Overall, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports from Vietnam

In 2022, approx. X tons of ferro-titanium and ferro-silico-titanium were exported from Vietnam; increasing by 88% against 2021 figures. Overall, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 224%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium exports skyrocketed to $X in 2022. In general, exports, however, showed a precipitous descent. The pace of growth was the most pronounced in 2019 with an increase of 208% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) and Taiwan (Chinese) (X tons) were the main destinations of ferro-titanium and ferro-silico-titanium exports from Vietnam.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +106.3%).

In value terms, the Czech Republic ($X) emerged as the key foreign market for ferro-titanium and ferro-silico-titanium exports from Vietnam, comprising 85% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to the Czech Republic was relatively modest.

Export Prices by Country

The average ferro-titanium and ferro-silico-titanium export price stood at $X per ton in 2022, reducing by -8.6% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 a decrease of -5%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Taiwan (Chinese) stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-42.1%).

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports into Vietnam

In 2022, the amount of ferro-titanium and ferro-silico-titanium imported into Vietnam soared to X tons, jumping by 41% on the previous year. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 899% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports skyrocketed to $X in 2022. In general, imports showed a pronounced increase. The most prominent rate of growth was recorded in 2020 when imports increased by 762%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Russia (X tons) were the main suppliers of ferro-titanium and ferro-silico-titanium imports to Vietnam, with a combined 80% share of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +50.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and the UK ($X) appeared to be the largest ferro-titanium and ferro-silico-titanium suppliers to Vietnam, with a combined 81% share of total imports.

In terms of the main suppliers, India, with a CAGR of +37.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ferro-titanium and ferro-silico-titanium import price amounted to $X per ton, remaining constant against the previous year. In general, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+27.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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