Vietnam: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Vietnam

In 2020, after three years of growth, there was decline in the Vietnamese market for iron, steel or aluminium reservoirs, tanks, vats and similar containers, when its value decreased by -X% to $X. Overall, consumption, however, saw a noticeable slump. The growth pace was the most rapid in 2009 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2010 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Vietnam

In value terms, iron, steel or aluminium reservoir production rose notably to $X in 2020 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Vietnam

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, iron, steel or aluminium reservoir exports expanded modestly to $X in 2020. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Japan (X tons), the U.S. (X tons) and Australia (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Vietnam, together accounting for X% of total exports. These countries were followed by Tanzania, Indonesia, South Korea, Saudi Arabia, Thailand and Cambodia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the U.S. ($X) and Australia ($X) constituted the largest markets for iron, steel or aluminium reservoir exported from Vietnam worldwide, with a combined X% share of total exports. These countries were followed by Indonesia, Tanzania, South Korea, Saudi Arabia, Thailand and Cambodia, which together accounted for a further X the main countries of destination, Tanzania (+X% per year) recorded the highest growth rate of 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

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron, steel or aluminium reservoir export price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2016 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Vietnam

In 2020, iron, steel or aluminium reservoir imports into Vietnam contracted to X tons, waning by -X% on the previous year. In general, total imports indicated modest growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports contracted modestly to $X in 2020. Over the period under review, total imports indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

South Korea (X tons), China (X tons) and Thailand (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Vietnam, together comprising X% of total imports. These countries were followed by Japan, India, Taiwan (Chinese), Malaysia, Spain and Germany, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Vietnam were South Korea ($X), China ($X) and Thailand ($X), together accounting for X% of total imports. Japan, Taiwan (Chinese), India, Spain, Malaysia and Germany lagged somewhat behind, together accounting for a further X recorded 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

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. The import price peaked at $X per ton in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Germany ($X per ton), while the price for Malaysia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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