Vietnam - Parachutes And Rotochutes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Vietnam - Parachutes And Rotochutes - Market Analysis, Forecast, Size, Trends And Insights

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Parachute Price in Vietnam - 2021

Contents:

  1. Parachute Price in Vietnam (FOB) - 2022
  2. Parachute Price in Vietnam (CIF) - 2022
  3. Parachute Exports in Vietnam
  4. Parachute Imports in Vietnam

Parachute Price in Vietnam (FOB) - 2022

The average parachute export price stood at $185,567 per ton in 2022, waning by -2.8% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, parachute export price increased by +14.8% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 16% against the previous year. Over the period under review, the average export prices attained the maximum at $195,584 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($264,222 per ton), while the average price for exports to South Korea ($99,083 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Price in Vietnam (CIF) - 2022

The average parachute import price stood at $188,156 per ton in 2022, which is down by -30.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the peak figure at $271,836 per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($2,430,936 per ton), while the price for the United States ($87,136 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Parachute Exports in Vietnam

After three years of growth, shipments abroad of parachutes and rotochutes decreased by -16.7% to 223 tons in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. As a result, the exports reached the peak of 268 tons, and then contracted rapidly in the following year.

In value terms, parachute exports contracted rapidly to $41M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $51M, and then dropped sharply in the following year.

Export of Parachute in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France8.18.811.68.62.0%
Switzerland1.11.53.76.782.6%
United States3.54.37.95.516.3%
Spain3.13.86.24.311.5%
Germany1.41.73.22.216.3%
Japan0.60.50.81.329.4%
South Korea0.91.41.81.313.0%
United Kingdom0.80.81.51.07.7%
Austria0.81.50.81.07.7%
China0.10.41.10.8100.0%
Italy0.60.50.90.75.3%
Netherlands0.60.40.80.60.0%
Others5.25.910.87.513.0%
Total26.631.751.141.415.9%

Top Export Markets for Parachute from Vietnam in 2022:

  1. France (56.6 tons)
  2. United States (26.7 tons)
  3. Switzerland (25.3 tons)
  4. Spain (23.8 tons)
  5. South Korea (12.9 tons)
  6. Germany (10.7 tons)
  7. Austria (7.0 tons)
  8. Japan (6.7 tons)
  9. United Kingdom (5.7 tons)
  10. Italy (3.7 tons)
  11. China (3.6 tons)
  12. Netherlands (3.5 tons)

Parachute Imports in Vietnam

In 2022, approx. 7.9 tons of parachutes and rotochutes were imported into Vietnam; rising by 91% compared with the previous year. Overall, imports, however, showed a slight slump.

In value terms, parachute imports surged to $1.5M in 2022. In general, imports, however, showed a abrupt descent.

Import of Parachute in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia684476522550-7.0%
Czech Republic3632723213680.5%
South Korea62441858.7340-18.3%
China70.149.310611216.9%
United States11.894.912.643.354.2%
Spain33.222.724.625.9-7.9%
KazakhstanN/A482N/AN/A0%
Others38.233.073.744.04.8%
Total1,8241,8481,1191,483-6.7%

Top Suppliers of Parachute to Vietnam in 2022:

  1. South Korea (3.8 tons)
  2. Russia (2.5 tons)
  3. United States (0.5 tons)
  4. China (0.5 tons)
  5. Czech Republic (0.2 tons)
  6. Spain (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the parachute 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 13922300 - Parachutes and rotochutes, parts and accessories (including dirigible parachutes)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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