Vietnam: Metal Letter Clip Market 2024

Metal Letter Clip Market Size in Vietnam

The Vietnamese metal letter clip market shrank significantly to $X in 2022, which is down by -26.6% 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). Over the period under review, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Letter Clip Exports

Exports from Vietnam

In 2022, shipments abroad of letter clips, letter corners of base metal was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports recorded a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 102%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, metal letter clip exports skyrocketed to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 117% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for metal letter clip exports from Vietnam, with a 39% share of total exports. Moreover, metal letter clip exports to Japan exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by China (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+35.5% per year) and China (+99.2% per year).

In value terms, Japan ($X) remains the key foreign market for letter clips, letter corners of base metal exports from Vietnam, comprising 37% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by China, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+36.8% per year) and China (+102.3% per year).

Export Prices by Country

In 2022, the average metal letter clip export price amounted to $X per ton, increasing by 8.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2020 an increase of 21%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Sweden ($X per ton), while the average price for exports to Italy ($X per ton) and China ($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 the United Arab Emirates (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Letter Clip Imports

Imports into Vietnam

After two years of growth, overseas purchases of letter clips, letter corners of base metal decreased by -7.7% to X tons in 2022. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 18%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, metal letter clip imports declined to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 27% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal letter clip supplier to Vietnam, accounting for a 80% share of total imports. Moreover, metal letter clip imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.3% per year) and Hong Kong SAR (-12.2% per year).

In value terms, China ($X) constituted the largest supplier of letter clips, letter corners of base metal to Vietnam, comprising 80% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.5% per year) and Hong Kong SAR (-9.4% per year).

Import Prices by Country

The average metal letter clip import price stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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