Report Update: May 1, 2024

Vietnam - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights

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Gouges and Chisels Price in Vietnam - 2022

Gouges and Chisels Price in Vietnam (FOB) - 2022

In 2022, the average gouges and chisels export price amounted to $32,140 per ton, flattening at the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gouges and chisels export price decreased by -2.6% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices reached the peak figure at $33,012 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($32,749 per ton), while the average price for exports to the United States ($31,698 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Gouges and Chisels Price in Vietnam (CIF) - 2022

In 2022, the average gouges and chisels import price amounted to $6,001 per ton, remaining constant against the previous year. Overall, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24% against the previous year. The import price peaked at $14,314 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,138 per ton), while the price for Sweden ($3,140 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-8.1%), while the prices for the other major suppliers experienced a decline.

Gouges and Chisels Exports in Vietnam

In 2022, approx. 30 tons of planes, chisels and gouges for working wood were exported from Vietnam; with a decrease of -32.3% compared with the previous year's figure. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 183%. As a result, the exports reached the peak of 44 tons, and then contracted notably in the following year.

In value terms, gouges and chisels exports shrank significantly to $955K in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 173% against the previous year. As a result, the exports attained the peak of $1.4M, and then declined remarkably in the following year.

Export of Gouges and Chisels in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	121	82.3	257	454	55.4%
Japan	339	294	199	437	8.8%
Australia	54.4	60.7	7.6	63.8	5.5%
China	N/A	70.5	932	N/A	1222.0%
Others	N/A	4.7	1.5	N/A	-68.1%
Total	514	512	1,398	955	22.9%

Top Export Markets for Gouges and Chisels from Vietnam in 2022:

United States (14.3 tons)
Japan (13.4 tons)
Australia (1.9 tons)

Gouges and Chisels Imports in Vietnam

In 2022, the amount of planes, chisels and gouges for working wood imported into Vietnam reduced dramatically to 227 tons, dropping by -15.5% on the previous year's figure. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of 268 tons, and then declined dramatically in the following year.

In value terms, gouges and chisels imports dropped to $1.4M in 2022. In general, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year.

Import of Gouges and Chisels in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	528	388	1,387	1,114	28.3%
Taiwan (Chinese)	844	324	18.8	84.8	-53.5%
South Korea	188	107	83.4	66.9	-29.1%
Japan	496	182	60.6	62.0	-50.0%
Sweden	20.5	112	40.0	32.1	16.1%
Others	55.4	18.5	2.6	2.3	-65.4%
Total	2,132	1,131	1,593	1,362	-13.9%

Top Suppliers of Gouges and Chisels to Vietnam in 2022:

China (181.5 tons)
Taiwan (Chinese) (13.8 tons)
South Korea (10.9 tons)
Sweden (10.2 tons)
Japan (10.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gouges and chisels 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 25733057 - Planes, chisels, gouges and similar cutting tools for working wood

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023