Vietnam: Moulds For Metal Market 2024

Moulds For Metal Market Size in Vietnam

The Vietnamese moulds for metal market shrank to $X in 2022, waning by -8.5% against the previous year. Overall, consumption saw a deep downturn. Moulds for metal consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Moulds For Metal Production in Vietnam

In value terms, moulds for metal production fell notably to $X in 2022 estimated in export price. In general, production showed a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 273% against the previous year. Moulds for metal production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Moulds For Metal Exports

Exports from Vietnam

In 2022, approx. X tons of moulds for metals were exported from Vietnam; reducing by -34% on 2021. Overall, exports saw a slight downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 192%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, moulds for metal exports shrank remarkably to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 151%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Brazil (X tons) and South Korea (X tons) were the main destinations of moulds for metal exports from Vietnam, with a combined 50% share of total exports. Cambodia, Mexico, Malaysia, Denmark, Switzerland, the United States, Australia, Thailand, China and Hong Kong SAR lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +49.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for moulds for metal exported from Vietnam were Japan ($X), Brazil ($X) and Mexico ($X), together comprising 55% of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of +34.0%, saw 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 2022, the average moulds for metal export price amounted to $X per ton, growing by 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 when the average export price increased by 17%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Vietnam

In 2022, the amount of moulds for metals imported into Vietnam reached X tons, increasing by 3.1% against 2021 figures. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 107% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, moulds for metal imports amounted to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 94%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of moulds for metal imports to Vietnam, with a combined 82% share of total imports. Thailand, Japan and New Zealand lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +63.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest moulds for metal suppliers to Vietnam were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 78% of total imports. Japan, Thailand and New Zealand lagged somewhat behind, together comprising a further 16%.

New Zealand, with a CAGR of +27.4%, saw the highest growth rate of 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 moulds for metal import price stood at $X per ton in 2022, picking up by 1.7% against the previous year. Overall, the import price, however, recorded a deep contraction. The growth pace was the most rapid in 2016 an increase of 2.5%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform