Vietnam - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMotor Vehicle Engine Price in Vietnam - 2021
Contents:
- Motor Vehicle Engine Price in Vietnam (CIF) - 2021
- Motor Vehicle Engine Price in Vietnam (FOB) - 2021
- Motor Vehicle Engine Imports in Vietnam
- Motor Vehicle Engine Exports in Vietnam
Motor Vehicle Engine Price in Vietnam (CIF) - 2021
The average motor vehicle engine import price stood at $418 per unit in December 2021, rising by 24% against the previous month. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was China ($558 per unit), while the price for Indonesia ($226 per unit) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Price in Vietnam (FOB) - 2021
The average motor vehicle engine export price stood at $86.6 per unit in December 2021, picking up by 6.6% against the previous month. In general, the export price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in October 2021 when the average export price increased by 23% m-o-m. The export price peaked at $822 per unit in December 2020; however, from January 2021 to December 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2021, the country with the highest price was Italy ($107 per unit), while the average price for exports to Japan amounted to $63.4 per unit.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Motor Vehicle Engine Imports in Vietnam
In 2022, after three years of growth, there was significant decline in purchases abroad of motor vehicle engines (spark-ignition), when their volume decreased by -10.1% to 22M units. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of 24M units, and then contracted in the following year.
In value terms, motor vehicle engine imports declined to $372M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at $417M in 2021, and then shrank in the following year.
| Import of Motor Vehicle Engine in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.0 | 85.9 | 104 | 94.3 | 22.7% |
| Indonesia | 90.2 | 82.9 | 76.0 | 81.6 | -3.3% |
| South Korea | 50.3 | 50.0 | 82.2 | 76.8 | 15.2% |
| Thailand | 9.2 | 58.7 | 64.9 | 60.6 | 87.5% |
| Japan | 29.4 | 21.9 | 15.6 | 23.3 | -7.5% |
| India | 9.9 | 12.1 | 18.2 | 16.9 | 19.5% |
| Others | 15.3 | 16.5 | 56.4 | 19.0 | 7.5% |
| Total | 255 | 328 | 417 | 372 | 13.4% |
Top Suppliers of Motor Vehicle Engine to Vietnam in 2022:
- Indonesia (5.5M units)
- China (5.3M units)
- South Korea (4.3M units)
- Thailand (3.4M units)
- Japan (1.3M units)
- India (1.0M units)
Motor Vehicle Engine Exports in Vietnam
In 2022, approx. 2.1M units of motor vehicle engines (spark-ignition) were exported from Vietnam; with a decrease of -11.9% against 2021 figures. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, the exports reached the peak of 2.3M units, and then declined in the following year.
In value terms, motor vehicle engine exports dropped to $49M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +43.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 33% against the previous year. The exports peaked at $53M in 2021, and then dropped in the following year.
| Export of Motor Vehicle Engine in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 27.7 | 22.7 | 26.2 | 24.5 | -4.0% |
| Italy | 5.0 | 22.2 | 24.9 | 22.7 | 65.6% |
| Others | 1.5 | 0.6 | 1.6 | 2.0 | 10.1% |
| Total | 34.2 | 45.5 | 52.7 | 49.1 | 12.8% |
Top Export Markets for Motor Vehicle Engine from Vietnam in 2022:
- Japan (1559.1K units)
- Italy (470.4K units)
This report provides an in-depth analysis of the motor vehicle engine 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 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
363
This report provides an in-depth analysis of the motor vehicle engine market in Vietnam.
359
This report provides an in-depth analysis of the market for aircraft internal combustion engine in Vietnam.
475
This report provides an in-depth analysis of the market for internal combustion engine (excl. diesel, moto vehicle and aircraft) in Vietnam.
441
This report provides an in-depth analysis of the outboard boat motors market in Vietnam.
1026
This report provides an in-depth analysis of the global motor vehicle engine market.
1558
This report provides an in-depth analysis of the global market for aircraft internal combustion engine.
1086
This report provides an in-depth analysis of the global market for internal combustion engine (excl. diesel, moto vehicle and aircraft).
273
This report provides an in-depth analysis of the global outboard boat motors market.
363
This report provides an in-depth analysis of the motor vehicle engine market in Vietnam.
359
This report provides an in-depth analysis of the market for aircraft internal combustion engine in Vietnam.
298
Explore the top 10 import markets for motor vehicle engines based on their import value, including the United States, Germany, Canada, and more. Find key data and statistics on the global trade in motor vehicle engines.
1483
In value terms, motor vehicles, parts and accessories imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the tren...
935
In value terms, vehicles, parts and accessories imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some no...
777
In value terms, motor vehicles, parts and accessories exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the...
788
In value terms, vehicles, parts and accessories exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated som...
901
Germany dominates in the global motor vehicle engine trade. In 2014, Germany exported X thousand motor vehicle engines totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its to
181
Discover the world's best import markets for internal combustion engines (excl. diesel, moto vehicle, and aircraft) with key statistics and numbers. Explore the top countries and their import values in 2022.
657
In value terms, parts suitable for use solely imports totaled $X in 2016. In general, parts suitable for use solely imports continue to indicate a relatively flat trend pattern. Over the period unde...
1326
In value terms, engines and motors imports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the ...
694
In value terms, parts suitable for use solely exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend p...
