Vietnam - Metal Complete And Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Domestic Furniture Price in Vietnam - 2021
Contents:
- Metal Domestic Furniture Price in Vietnam (FOB) - 2021
- Metal Domestic Furniture Price in Vietnam (CIF) - 2021
- Metal Domestic Furniture Exports in Vietnam
- Metal Domestic Furniture Imports in Vietnam
Metal Domestic Furniture Price in Vietnam (FOB) - 2021
In December 2021, the average metal domestic furniture export price amounted to $7,361 per ton, almost unchanged from the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2021 when the average export price increased by 2% against the previous month. Over the period under review, the average export prices attained the maximum at $8,169 per ton in December 2020; however, from January 2021 to December 2021, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In December 2021, the countries with the highest prices were Australia ($8,283 per ton) and France ($8,089 per ton), while the average price for exports to Belgium ($6,380 per ton) and Canada ($6,581 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-0.4%), while the prices for the other major destinations experienced a decline.
Metal Domestic Furniture Price in Vietnam (CIF) - 2021
The average metal domestic furniture import price stood at $6,396 per ton in December 2021, which is down by -1.7% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in January 2021 when the average import price increased by 15% m-o-m. The import price peaked at $6,505 per ton in November 2021, and then fell in the following month.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the countries with the highest prices were China ($6,570 per ton) and Malaysia ($6,287 per ton), while the price for Japan ($5,366 per ton) and Germany ($5,801 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Domestic Furniture Exports in Vietnam
In 2022, overseas shipments of metal furniture decreased by -0.8% to 488K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year.
In value terms, metal domestic furniture exports totaled $2.9B in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 36%. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Metal Domestic Furniture in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 474 | 1,000 | 1,429 | 1,486 | 46.4% |
Germany | 91.8 | 106 | 149 | 179 | 24.9% |
Japan | 52.6 | 51.8 | 56.8 | 74.1 | 12.1% |
Netherlands | 48.9 | 51.7 | 63.5 | 65.9 | 10.5% |
Sweden | 41.8 | 35.6 | 38.0 | 56.4 | 10.5% |
Australia | 46.4 | 41.1 | 34.3 | 51.3 | 3.4% |
France | 35.5 | 32.8 | 34.3 | 51.0 | 12.8% |
Canada | 39.0 | 42.7 | 55.9 | 50.1 | 8.7% |
Poland | 29.5 | 21.2 | 33.4 | 42.5 | 12.9% |
Denmark | 30.9 | 28.9 | 28.3 | 37.0 | 6.2% |
Spain | 12.6 | 15.1 | 23.1 | 34.1 | 39.4% |
Others | 511 | 493 | 635 | 816 | 16.9% |
Total | 1,414 | 1,919 | 2,582 | 2,943 | 27.7% |
Top Export Markets for Metal Domestic Furniture from Vietnam in 2022:
- United States (236.2K tons)
- Germany (31.1K tons)
- Sweden (10.9K tons)
- Japan (10.9K tons)
- Poland (9.6K tons)
- France (8.9K tons)
- Netherlands (8.9K tons)
- Denmark (8.0K tons)
- Canada (7.3K tons)
- Australia (6.8K tons)
- Spain (6.1K tons)
Metal Domestic Furniture Imports in Vietnam
In 2022, imports of metal furniture into Vietnam expanded rapidly to 17K tons, growing by 14% compared with the year before. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, metal domestic furniture imports amounted to $85M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Metal Domestic Furniture in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 0.2 | 0.2 | 0.3 | 85.5 | 653.3% |
South Korea | 4.8 | 3.3 | 2.6 | N/A | -26.4% |
Japan | 2.4 | 2.9 | 2.9 | N/A | 9.9% |
China | 43.8 | 41.3 | 66.4 | N/A | 23.1% |
Malaysia | 4.3 | 2.3 | 3.7 | N/A | -7.2% |
Italy | 3.4 | 3.0 | 3.4 | N/A | 0.0% |
Others | 8.5 | 9.5 | 6.1 | N/A | -15.3% |
Total | 67.5 | 62.5 | 85.4 | 85.5 | 8.2% |
Top Suppliers of Metal Domestic Furniture to Vietnam in 2022:
- United Arab Emirates (17.4K tons)
This report provides an in-depth analysis of the metal domestic furniture 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers
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
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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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