Vietnam - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in Vietnam - 2022
Contents:
- Price for Balancing Mechanical Parts Machine in Vietnam (CIF) - 2022
- Price for Balancing Mechanical Parts Machine in Vietnam (FOB) - 2022
- Imports of Balancing Mechanical Parts Machine in Vietnam
- Exports of Balancing Mechanical Parts Machine in Vietnam
Price for Balancing Mechanical Parts Machine in Vietnam (CIF) - 2022
In 2022, the average balancing mechanical parts machine import price amounted to $2,719 per unit, stabilizing at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 7.9%. As a result, import price reached the peak level of $3,375 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($2,737 per unit) and Taiwan (Chinese) ($2,732 per unit), while the price for the Netherlands ($2,661 per unit) and Singapore ($2,711 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Balancing Mechanical Parts Machine in Vietnam (FOB) - 2022
In 2022, the average balancing mechanical parts machine export price amounted to $813 per unit, declining by -44.1% against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum at $5,754 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($1,054 per unit) and Japan ($794 per unit), while the average price for exports to Thailand ($708 per unit) and Taiwan (Chinese) ($761 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 South Korea (+13.4%), while the prices for the other major destinations experienced a decline.
Imports of Balancing Mechanical Parts Machine in Vietnam
In 2022, purchases abroad of machines for balancing mechanical parts was finally on the rise to reach 3.4K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep reduction. Imports peaked at 4.7K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, balancing mechanical parts machine imports soared to $9.3M in 2022. Over the period under review, imports, however, saw a abrupt curtailment. Over the period under review, imports reached the maximum at $13M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Balancing Mechanical Parts Machine in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 3.3 | 3.0 | 5.4 | 2.6% |
| Japan | 1.5 | 1.8 | 1.2 | 1.3 | -4.7% |
| Italy | 0.8 | 0.8 | 0.8 | 1.0 | 7.7% |
| Germany | 1.3 | 2.6 | 0.7 | 0.4 | -32.5% |
| Netherlands | 0.4 | N/A | 0.1 | 0.2 | -20.6% |
| Taiwan (Chinese) | 0.5 | 0.6 | 0.3 | 0.2 | -26.3% |
| United States | 1.4 | 0.5 | 0.2 | 0.2 | -47.7% |
| South Korea | 1.8 | 1.3 | 0.2 | 0.1 | -61.8% |
| Others | 0.5 | 0.4 | 1.0 | 0.5 | 0.0% |
| Total | 13.1 | 11.3 | 7.4 | 9.3 | -10.8% |
Top Suppliers of Balancing Mechanical Parts Machine to Vietnam in 2022:
- China (1996.0 units)
- Japan (480.0 units)
- Italy (357.0 units)
- Germany (140.0 units)
- Taiwan (Chinese) (87.0 units)
- United States (83.0 units)
- Netherlands (59.0 units)
- South Korea (53.0 units)
Exports of Balancing Mechanical Parts Machine in Vietnam
In 2022, exports of machines for balancing mechanical parts from Vietnam soared to 518 units, increasing by 241% compared with the year before. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, balancing mechanical parts machine exports soared to $421K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Balancing Mechanical Parts Machine in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 170 | 209 | 27.0 | 218 | 8.6% |
| China | 0.9 | 20.0 | 31.5 | 74.4 | 335.6% |
| South Korea | 7.7 | 4.6 | 71.2 | 58.0 | 96.0% |
| Netherlands | 1.1 | N/A | N/A | 37.9 | 225.4% |
| Taiwan (Chinese) | N/A | N/A | N/A | 12.2 | 0% |
| Thailand | 0.9 | 1.3 | 15.1 | 8.5 | 111.4% |
| Malaysia | N/A | N/A | 16.3 | N/A | 0% |
| Cambodia | 110 | N/A | 10.0 | N/A | -69.8% |
| Others | 67.6 | 53.0 | 50.2 | 12.8 | -42.6% |
| Total | 358 | 288 | 221 | 421 | 5.6% |
Top Export Markets for Balancing Mechanical Parts Machine from Vietnam in 2022:
- Japan (274.0 units)
- China (95.0 units)
- South Korea (55.0 units)
- Netherlands (49.0 units)
- Taiwan (Chinese) (16.0 units)
- Thailand (12.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts
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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