Vietnam - Lifts And Hoists - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLift and Hoist Price in Vietnam - 2021
Contents:
- Lift and Hoist Price in Vietnam (CIF) - 2022
- Lift and Hoist Price in Vietnam (FOB) - 2022
- Lift and Hoist Imports in Vietnam
- Lift and Hoist Exports in Vietnam
Lift and Hoist Price in Vietnam (CIF) - 2022
The average lift and hoist import price stood at $18,621 per unit in 2022, shrinking by -7.1% against the previous year. In general, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2015 an increase of 20%. The import price peaked at $28,368 per unit in 2012; however, from 2013 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 Sweden ($19,513 per unit) and South Korea ($18,694 per unit), while the price for Taiwan (Chinese) ($18,004 per unit) and Japan ($18,035 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-1.8%), while the prices for the other major suppliers experienced a decline.
Lift and Hoist Price in Vietnam (FOB) - 2022
The average lift and hoist export price stood at $17,529 per unit in 2022, rising by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 an increase of 48%. The export price peaked at $21,169 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($25,388 per unit), while the average price for exports to Myanmar ($14,994 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.
Lift and Hoist Imports in Vietnam
In 2022, after two years of decline, there was significant growth in supplies from abroad of lifts and hoists, when their volume increased by 17% to 7.6K units. Overall, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports reached the peak figure at 9.8K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, lift and hoist imports expanded markedly to $141M in 2022. Over the period under review, imports, however, recorded a deep setback. Imports peaked at $191M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Lift and Hoist in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 87.5 | 63.2 | 62.8 | 64.0 | -9.9% |
| Thailand | 65.4 | 45.3 | 38.5 | 44.7 | -11.9% |
| South Korea | 17.7 | 9.6 | 9.8 | 11.1 | -14.4% |
| Japan | 4.6 | 13.0 | 4.5 | 6.6 | 12.8% |
| Sweden | 3.0 | 4.4 | 3.9 | 3.6 | 6.3% |
| Taiwan (Chinese) | 1.7 | 5.7 | 2.0 | 2.8 | 18.1% |
| Belgium | 2.8 | 3.5 | 1.6 | 2.3 | -6.3% |
| Others | 8.4 | 7.6 | 6.5 | 5.7 | -12.1% |
| Total | 191 | 152 | 130 | 141 | -9.6% |
Top Suppliers of Lift and Hoist to Vietnam in 2022:
- China (3433.0 units)
- Thailand (2405.0 units)
- South Korea (595.0 units)
- Japan (367.0 units)
- Sweden (184.0 units)
- Taiwan (Chinese) (156.0 units)
- Belgium (128.0 units)
Lift and Hoist Exports in Vietnam
In 2022, shipments abroad of lifts and hoists was finally on the rise to reach 39 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous shrinkage. Over the period under review, the exports attained the maximum at 204 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, lift and hoist exports skyrocketed to $684K in 2022. In general, exports, however, continue to indicate a dramatic descent. The exports peaked at $3.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Lift and Hoist in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,037 | 238 | 47.5 | 348 | -44.5% |
| South Korea | 300 | 518 | 19.1 | 126 | -25.1% |
| Lao People's Democratic Republic | 426 | 96.0 | 68.5 | 90.0 | -40.4% |
| Cambodia | 142 | 92.3 | 77.4 | 48.5 | -30.1% |
| Myanmar | 271 | 28.9 | 0.9 | 45.0 | -45.0% |
| Thailand | 73.7 | 47.3 | 41.8 | 25.4 | -29.9% |
| Others | 15.8 | 54.9 | 37.6 | N/A | 54.3% |
| Total | 3,264 | 1,075 | 293 | 684 | -40.6% |
Top Export Markets for Lift and Hoist from Vietnam in 2022:
- Japan (20.0 units)
- South Korea (7.0 units)
- Lao People's Democratic Republic (5.0 units)
- Myanmar (3.0 units)
- Cambodia (3.0 units)
- Thailand (1.0 units)
This report provides an in-depth analysis of the lift and hoist 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
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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