Vietnam: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Vietnam

The Vietnamese metal link chain parts market reduced to $X in 2021, falling by -14.6% against the previous year. Overall, consumption showed a abrupt shrinkage. Metal link chain parts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Vietnam

In value terms, metal link chain parts production surged to $X in 2021 estimated in export price. In general, production, however, showed a abrupt contraction. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Vietnam

For the third consecutive year, Vietnam recorded growth in overseas shipments of iron or steel parts of articulated link chain, which increased by 90% to X tons in 2021. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal link chain parts exports surged to $X in 2021. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +151.2% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 88%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Malaysia (X tons) was the main destination for metal link chain parts exports from Vietnam, accounting for a 56% share of total exports. Moreover, metal link chain parts exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+100.4% per year) and Taiwan (Chinese) (+3.4% per year).

In value terms, Malaysia ($X) remains the key foreign market for iron or steel parts of articulated link chain exports from Vietnam, comprising 56% of total exports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total exports. It was followed by Taiwan (Chinese), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+99.7% per year) and Taiwan (Chinese) (+3.1% per year).

Export Prices by Country

The average metal link chain parts export price stood at $X per ton in 2021, which is down by -18.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per ton) and South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Vietnam

After two years of growth, purchases abroad of iron or steel parts of articulated link chain decreased by -4.6% to X tons in 2021. In general, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 113% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain parts imports shrank to $X in 2021. Overall, imports recorded a mild downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 81% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of metal link chain parts to Vietnam, with a 53% share of total imports. Moreover, metal link chain parts imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand amounted to +46.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.1% per year) and Taiwan (Chinese) (-18.9% per year).

In value terms, Thailand ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Vietnam, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.9% per year) and Taiwan (Chinese) (-17.0% per year).

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, reducing by -4.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2014 an increase of 24% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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