Vietnam: Unwrought Zinc Alloys Market 2025

Unwrought Zinc Alloys Market Size in Vietnam

The Vietnamese unwrought zinc alloys market shrank to $X in 2022, declining by -8% against the previous year. Over the period under review, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.7% against 2020 indices. Unwrought zinc alloys consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Unwrought Zinc Alloys Production in Vietnam

In value terms, unwrought zinc alloys production reduced modestly to $X in 2022 estimated in export price. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 27%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Unwrought Zinc Alloys Exports

Exports from Vietnam

After two years of growth, overseas shipments of unwrought zinc alloys decreased by -30.1% to X tons in 2022. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 684% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped remarkably in the following year.

In value terms, unwrought zinc alloys exports contracted rapidly to $X in 2022. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 625%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped markedly in the following year.

Exports by Country

China (X tons) was the main destination for unwrought zinc alloys exports from Vietnam, with a 62% share of total exports. Moreover, unwrought zinc alloys exports to China exceeded the volume sent to the second major destination, India (X tons), threefold. Japan (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +87.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+19.1% per year) and Japan (+9.1% per year).

In value terms, China ($X) remains the key foreign market for unwrought zinc alloys exports from Vietnam, comprising 62% of total exports. The second position in the ranking was taken by India ($X), with a 19% share of total exports. It was followed by Japan, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +89.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+20.1% per year) and Japan (+13.4% per year).

Export Prices by Country

In 2022, the average unwrought zinc alloys export price amounted to $X per ton, remaining stable against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys export price decreased by -17.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and Japan ($X per ton), while the average price for exports to Cambodia ($X per ton) and the Philippines ($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 Taiwan (Chinese) (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports into Vietnam

After four years of growth, overseas purchases of unwrought zinc alloys decreased by -2.1% to X tons in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 87%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, unwrought zinc alloys imports declined to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 84%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

South Korea (X tons), Australia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of unwrought zinc alloys imports to Vietnam, with a combined 81% share of total imports. China, Japan, Belgium and Singapore lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +76.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought zinc alloys suppliers to Vietnam were South Korea ($X), Australia ($X) and Taiwan (Chinese) ($X), with a combined 82% share of total imports. China, Japan, Belgium and Singapore lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Singapore, with a CAGR of +81.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average unwrought zinc alloys import price amounted to $X per ton, with a decrease of -9.8% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys import price increased by +12.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 39%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and Belgium ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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