Vietnam - Electric Soldering Irons And Guns - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Soldering Iron Price in Vietnam - 2021
Contents:
- Electric Soldering Iron Price in Vietnam (CIF) - 2022
- Electric Soldering Iron Price in Vietnam (FOB) - 2022
- Electric Soldering Iron Imports in Vietnam
- Electric Soldering Iron Exports in Vietnam
Electric Soldering Iron Price in Vietnam (CIF) - 2022
In 2022, the average electric soldering iron import price amounted to $4.9 per unit, declining by -26.8% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 62%. The import price peaked at $15 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($114 per unit), while the price for the Czech Republic ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.5%), while the prices for the other major suppliers experienced a decline.
Electric Soldering Iron Price in Vietnam (FOB) - 2022
In 2022, the average electric soldering iron export price amounted to $37 per unit, with a decrease of -9.1% against the previous year. Over the period under review, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 158%. The export price peaked at $41 per unit in 2021, and then contracted in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($52 per unit) and the Philippines ($35 per unit), while the average price for exports to Indonesia ($35 per unit) and India ($35 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+76.9%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Soldering Iron Imports in Vietnam
Electric soldering iron imports into Vietnam soared to 642K units in 2022, surging by 33% against the previous year's figure. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. As a result, imports reached the peak of 740K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, electric soldering iron imports declined to $3.2M in 2022. Over the period under review, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 5.5%. Over the period under review, imports reached the peak figure at $4.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Soldering Iron in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 871 | 965 | 801 | 2,298 | 38.2% |
| Spain | 532 | 448 | 447 | 289 | -18.4% |
| France | 30.8 | 6.0 | 3.4 | 146 | 68.0% |
| Israel | 107 | 101 | 106 | 65.5 | -15.1% |
| Indonesia | 199 | 101 | 17.9 | 63.8 | -31.6% |
| Taiwan (Chinese) | 83.2 | 56.1 | 91.7 | 56.3 | -12.2% |
| Czech Republic | 9.9 | 10.5 | 34.2 | 18.7 | 23.6% |
| United States | 309 | 107 | 99.6 | 11.9 | -66.2% |
| Others | 2,522 | 1,292 | 1,656 | 222 | -55.5% |
| Total | 4,665 | 3,087 | 3,256 | 3,172 | -12.1% |
Top Suppliers of Electric Soldering Iron to Vietnam in 2022:
- China (475.1K units)
- Spain (43.1K units)
- Czech Republic (29.0K units)
- Indonesia (27.2K units)
- France (21.7K units)
- Taiwan (Chinese) (13.0K units)
- Israel (9.8K units)
- United States (1.8K units)
Electric Soldering Iron Exports in Vietnam
In 2022, overseas shipments of electric soldering irons and guns were finally on the rise to reach 4.1K units after two years of decline. In general, exports, however, showed a abrupt descent. Over the period under review, the exports reached the maximum at 6.9K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electric soldering iron exports stood at $152K in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The exports peaked at $210K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Soldering Iron in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 167 | 132 | 103 | 102 | -15.2% |
| United States | 3.4 | 6.2 | 7.9 | 25.6 | 96.0% |
| Angola | N/A | 10.6 | 7.4 | 7.3 | -17.0% |
| Indonesia | 3.8 | 4.6 | 3.9 | 4.5 | 5.8% |
| India | 1.0 | 3.3 | 3.9 | 3.8 | 56.0% |
| Spain | 0.2 | 1.4 | 2.3 | 3.5 | 159.6% |
| Japan | 5.1 | 1.0 | 1.9 | 2.0 | -26.8% |
| South Korea | 10.1 | 1.4 | N/A | N/A | -86.1% |
| Singapore | 10.2 | N/A | N/A | N/A | 0% |
| Others | 8.8 | 7.4 | 5.5 | 3.0 | -30.1% |
| Total | 210 | 168 | 135 | 152 | -10.2% |
Top Export Markets for Electric Soldering Iron from Vietnam in 2022:
- Philippines (2885.0 units)
- United States (496.0 units)
- Angola (208.0 units)
- Indonesia (129.0 units)
- India (108.0 units)
- Spain (98.0 units)
- Japan (53.0 units)
- South Korea (1.0 units)
This report provides an in-depth analysis of the electric soldering iron market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27903109 - Electric soldering irons and guns
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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