Vietnam: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Vietnam

In 2020, the Vietnamese unwrought aluminium alloys market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Overall, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Unwrought aluminium alloys consumption peaked at $X in 2019, and then contracted remarkably in the following year.

Unwrought Aluminium Alloys Production in Vietnam

In value terms, unwrought aluminium alloys production dropped to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Unwrought Aluminium Alloys Exports

Exports from Vietnam

Unwrought aluminium alloys exports from Vietnam surged to X tons in 2020, jumping by X% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, unwrought aluminium alloys exports skyrocketed to $X in 2020. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are likely to continue growth in the near future.

Exports by Country

China (X tons), Mexico (X tons) and Egypt (X tons) were the main destinations of unwrought aluminium alloys exports from Vietnam, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Egypt ($X) were the largest markets for unwrought aluminium alloys exported from Vietnam worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Mexico (+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

The average unwrought aluminium alloys export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. In general, the export price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per ton in 2019, and then contracted remarkably in the following year.

Average prices varied noticeably for the major external markets. In 2020, the highest prices were recorded for prices to Mexico ($X per ton) and Indonesia ($X per ton), while the average price for exports to Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Unwrought Aluminium Alloys Imports

Imports into Vietnam

Unwrought aluminium alloys imports into Vietnam contracted to X tons in 2020, waning by -X% against the previous year's figure. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked at X tons in 2019, and then contracted in the following year.

In value terms, unwrought aluminium alloys imports contracted to $X in 2020. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then dropped in the following year.

Imports by Country

In 2020, South Korea (X tons) constituted the largest supplier of unwrought aluminium alloys to Vietnam, accounting for a X% share of total imports. Moreover, unwrought aluminium alloys imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was occupied by Taiwan (Chinese) (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from South Korea stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, South Korea ($X) constituted the largest supplier of unwrought aluminium alloys to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from South Korea stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Qatar ($X per ton) and Indonesia ($X per ton), while the price for Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Qatar, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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