Vietnam - Non-Electric Industrial Or Laboratory Furnaces And Ovens - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electric Industrial Furnace Price in Vietnam - 2022
Contents:
- Non-Electric Industrial Furnace Price in Vietnam (CIF) - 2022
- Non-Electric Industrial Furnace Price in Vietnam (FOB) - 2022
- Non-Electric Industrial Furnace Imports in Vietnam
- Non-Electric Industrial Furnace Exports in Vietnam
Non-Electric Industrial Furnace Price in Vietnam (CIF) - 2022
In 2022, the average non-electric industrial furnace import price amounted to $649 per unit, growing by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2020 an increase of 33%. As a result, import price attained the peak level of $686 per unit. From 2021 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($692 per unit) and Taiwan (Chinese) ($692 per unit), while the price for Italy ($608 per unit) and South Korea ($619 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Electric Industrial Furnace Price in Vietnam (FOB) - 2022
In 2022, the average non-electric industrial furnace export price amounted to $668 per unit, remaining stable against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +11.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric industrial furnace export price decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 99%. The export price peaked at $670 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($701 per unit) and Lao People's Democratic Republic ($700 per unit), while the average price for exports to the United States ($621 per unit) and the Philippines ($700 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 Japan (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Electric Industrial Furnace Imports in Vietnam
In 2022, the amount of non-electric industrial or laboratory furnaces and ovens imported into Vietnam dropped rapidly to 74K units, waning by -15.3% against the year before. Over the period under review, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs at 158K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, non-electric industrial furnace imports reduced to $48M in 2022. In general, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Imports peaked at $82M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Non-Electric Industrial Furnace in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.2 | 34.2 | 42.0 | 36.0 | -15.3% |
| Japan | 4.8 | 0.6 | 4.1 | 3.4 | -10.9% |
| Italy | 6.3 | 0.6 | 2.1 | 2.4 | -27.5% |
| South Korea | 5.8 | 2.1 | 0.7 | 2.3 | -26.5% |
| Taiwan (Chinese) | 0.6 | 0.6 | 1.5 | 1.2 | 26.0% |
| Others | 4.9 | 3.6 | 4.3 | 2.9 | -16.0% |
| Total | 81.6 | 41.7 | 54.7 | 48.2 | -16.1% |
Top Suppliers of Non-Electric Industrial Furnace to Vietnam in 2022:
- China (55.6K units)
- Japan (4.9K units)
- Italy (4.0K units)
- South Korea (3.7K units)
- Taiwan (Chinese) (1.7K units)
Non-Electric Industrial Furnace Exports in Vietnam
In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported from Vietnam declined to 9.4K units, dropping by -3% compared with 2021. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 6.5% against the previous year. Over the period under review, the exports reached the maximum at 12K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-electric industrial furnace exports contracted slightly to $6.3M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 6.8%. The exports peaked at $6.5M in 2021, and then contracted modestly in the following year.
| Export of Non-Electric Industrial Furnace in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.6 | N/A | 1.7 | 2.4 | 14.5% |
| Indonesia | 1.5 | 0.1 | 1.6 | 2.3 | 15.3% |
| Philippines | 0.9 | 0.3 | 1.0 | 1.4 | 15.9% |
| Lao People's Democratic Republic | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
| Japan | 1.5 | N/A | N/A | N/A | 0% |
| Belgium | N/A | N/A | 0.7 | N/A | 0% |
| Oman | N/A | 5.4 | 1.0 | N/A | -81.5% |
| Others | 0.2 | N/A | 0.3 | N/A | 22.5% |
| Total | 5.7 | 6.1 | 6.5 | 6.3 | 3.4% |
Top Export Markets for Non-Electric Industrial Furnace from Vietnam in 2022:
- United States (3.9K units)
- Indonesia (3.2K units)
- Philippines (2.0K units)
- Lao People's Democratic Republic (0.3K units)
This report provides an in-depth analysis of the non-electric industrial furnace 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 28211270 - Industrial or laboratory furnaces and ovens, non-electric, i ncluding incinerators (excluding those for the roasting, m elting or other heat treatment of ores, pyrites or metals, b akery ovens, drying ovens and ovens for cracking operations)
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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