Vietnam - Mechano-Therapy Appliances And Massage Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMechano-Therapy Appliances Price in Vietnam - 2022
Contents:
- Mechano-Therapy Appliances Price in Vietnam (CIF) - 2022
- Mechano-Therapy Appliances Price in Vietnam (FOB) - 2022
- Mechano-Therapy Appliances Imports in Vietnam
- Mechano-Therapy Appliances Exports in Vietnam
Mechano-Therapy Appliances Price in Vietnam (CIF) - 2022
The average mechano-therapy appliances import price stood at $23 per unit in 2022, surging by 7.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2020 when the average import price increased by 23%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($23 per unit) and Japan ($23 per unit), while the price for China ($23 per unit) and South Korea ($23 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Mechano-Therapy Appliances Price in Vietnam (FOB) - 2022
In 2022, the average mechano-therapy appliances export price amounted to $25 per unit, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2016 an increase of 15%. As a result, the export price reached the peak level of $41 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cambodia ($25 per unit) and the United States ($25 per unit), while the average price for exports to South Korea ($24 per unit) and Japan ($25 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 Cambodia (-0.7%), while the prices for the other major destinations experienced a decline.
Mechano-Therapy Appliances Imports in Vietnam
In 2022, approx. 7.6M units of mechano-therapy appliances and massage apparatus were imported into Vietnam; jumping by 43% compared with 2021 figures. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, mechano-therapy appliances imports skyrocketed to $178M in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Mechano-Therapy Appliances in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.0 | 45.7 | 95.6 | 154 | 67.1% |
| South Korea | 14.7 | 6.7 | 7.2 | 12.1 | -6.3% |
| Japan | 4.8 | 4.6 | 4.7 | 4.8 | 0.0% |
| Germany | 1.6 | 1.5 | 2.9 | 1.4 | -4.4% |
| United Kingdom | 2.9 | 1.3 | 1.4 | 0.2 | -59.0% |
| Hong Kong SAR | 7.0 | N/A | N/A | N/A | 0% |
| Others | 5.1 | 3.5 | 4.4 | 5.5 | 2.5% |
| Total | 69.0 | 63.3 | 116 | 178 | 37.1% |
Top Suppliers of Mechano-Therapy Appliances to Vietnam in 2022:
- China (6.6M units)
- South Korea (0.5M units)
- Japan (0.2M units)
- Germany (0.1M units)
Mechano-Therapy Appliances Exports in Vietnam
For the fourth consecutive year, Vietnam recorded growth in shipments abroad of mechano-therapy appliances and massage apparatus, which increased by 79% to 235K units in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, mechano-therapy appliances exports skyrocketed to $5.8M in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Mechano-Therapy Appliances in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 173 | 122 | 103 | 3,035 | 159.8% |
| Japan | 1,473 | 1,568 | 2,997 | 2,534 | 19.8% |
| Cambodia | 53.8 | N/A | 8.5 | 115 | 28.8% |
| South Korea | 70.8 | 536 | 87.3 | 107 | 14.8% |
| Others | 158 | 117 | 53.6 | 26.3 | -45.0% |
| Total | 1,930 | 2,343 | 3,249 | 5,817 | 44.4% |
Top Export Markets for Mechano-Therapy Appliances from Vietnam in 2022:
- United States (122.5K units)
- Japan (102.9K units)
- Cambodia (4.6K units)
- South Korea (4.4K units)
This report provides an in-depth analysis of the mechano-therapy appliances 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 32502130 - Mechano-therapy appliances, massage apparatus, p sychological aptitude-testing apparatus (excluding wholly stationary mechano-therapy apparatus)
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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