According to the material, steel pipes could be divided into stainless steel, alloy steel, carbon steel, cold-drawn or cold-rolled iron, etc. These products generally exclude cast iron.
The main characteristics of steel pipes include strength, corrosion resistance, high-pressure resistance, and high-temperature resistance, which make them widely applicable in industries such as petroleum, chemicals, energy, construction, and machinery manufacturing. The upstream industries mainly include steel smelting and rolling, providing various types of steel required for steel pipe production. The downstream industries cover oil and gas transportation, urban infrastructure construction, machinery equipment manufacture, chemical production and alike, all of which rely on the performance of steel pipes to meet various engineering and product requirements.
The production of steel pipes requires high-quality steel and iron materials, advanced production equipment, and a strict quality control system. According to the publisher, globally, major producers and exporters include China, the United States, Japan, and Germany. Among these, China, with its vast production capacity and comprehensive industrial chain, is one of the largest steel pipe producers and exporters in the world. Vietnam currently faces challenges in large-scale steelmaking, including issues related to technology, equipment, and quality control, limiting its domestic production capacity. Consequently, the Vietnamese steel pipe market relies heavily on imports.
In Vietnam, with the acceleration of industrialization and urbanization, the demand for steel pipes in the Vietnamese market is increasing. Although there are some domestic steel pipe manufacturers in Vietnam, the technological level and production capacity are relatively limited, unable to fully meet the rapidly growing market demand. Therefore, Vietnam needs to import a large quantity of steel pipes from overseas markets to supplement domestic production. Steel pipes are vital materials for industrial and infrastructure construction, and the market prospects and development potential for steel pipes in Vietnam are very promising.
According to the data from the publisher, in 2023, Vietnam's total steel pipe imports exceeded USD 300 million, with pipes used for oil or gas transportation and drilling accounting for over USD 100 million. The market demand in 2024 is even more robust, with cumulative import values exceeding USD 150 million from January to May 2024, and this trend is expected to continue growing in the coming years.
The publisher analyzes that between 2021 and 2024, the primary sources of steel pipe imports for Vietnam included China, South Korea, and Japan. The main companies exporting steel pipes to Vietnam include ZARNEST SERVICE LTD, ATA GLOBAL LOGISTICS CO., LTD, and CHARM MING CO., LTD.
The main importers of steel pipes in Vietnam are companies in industries related to oil and gas, infrastructure construction, machinery manufacturing, and various heavy industries, mainly foreign-invested enterprises. According to the publisher, these companies include Vietsovpetro, LTD., GE POWER SYSTEMS CO., LTD., and DOOSAN VINA.
Overall, as Vietnam's population grows, industrialization and urbanization continue to progress, the market demand for steel pipes in Vietnam will also continue to increase. The publisher projects the import volume of steel pipes in Vietnam to maintain a growth trend in the coming years, which will play a crucial role in the stability and growth of Vietnam's industry.
Topics covered:
- The Import Volume and Value of Steel Pipe in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Steel Pipes in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Steel Pipes in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Steel Pipes in Vietnam (January-May 2024)
- Total Import Value and Percentage Change of Steel Pipes in Vietnam (January-May 2024)
- Average Import Price of Steel Pipes in Vietnam (2021-2024)
- Top 10 Sources of Steel Pipes Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Steel Pipes in Vietnam and Their Supply Volume
- Top 10 Importers of Steel Pipes in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Steel Pipes in Vietnam
- How Foreign Enterprises Enter the Steel Pipes Market of Vietnam
- Forecast for the Import of Steel Pipes in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Zarnest Service Ltd.
- Ata Global Logistics
- Charm Ming Co Ltd.
- Vietsovpetro Ltd.
- GE Power Systems
- Doosan Vina Ices Steel
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 350 Million |
| Forecasted Market Value ( USD | $ 671 Million |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
