Vietnam: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2025

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Vietnam

The Vietnamese market for tubes, pipes and hollow profiles (of iron or steel) totaled $X in 2021, picking up by 13% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Vietnam

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58%. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Vietnam

In 2021, overseas shipments of tubes, pipes and hollow profiles (of iron or steel) decreased by -1.1% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2021. Overall, exports, however, continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), India (X tons) and Thailand (X tons) were the main destinations of exports of tubes, pipes and hollow profiles (of iron or steel) from Vietnam, with a combined 49% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +83.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel pipe and tube exported from Vietnam were India ($X), the United States ($X) and Thailand ($X), with a combined 52% share of total exports.

Among the main countries of destination, India, with a CAGR of +89.3%, saw the highest rates of growth with regard to 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 2021, the average export price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, rising by 65% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Vietnam

Imports of tubes, pipes and hollow profiles (of iron or steel) into Vietnam fell remarkably to X tons in 2021, with a decrease of -23.1% compared with 2020 figures. Over the period under review, imports recorded a mild slump. The pace of growth appeared the most rapid in 2015 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) shrank to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 40% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest iron or steel pipe and tube supplier to Vietnam, accounting for a 61% share of total imports. Moreover, imports of tubes, pipes and hollow profiles (of iron or steel) from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was held by Japan (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.1% per year) and Japan (-6.3% per year).

In value terms, China ($X) constituted the largest supplier of tubes, pipes and hollow profiles (of iron or steel) to Vietnam, comprising 64% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by Japan, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.8% per year) and Japan (-7.5% per year).

Import Prices by Country

The average import price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, growing by 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 17%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :