Report Update: May 1, 2024

Vietnam - Boards, Consoles, Etc. Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V - Market Analysis, Forecast, Size, Trends and Insights

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Price for Electrical Board and Console in Vietnam - 2022

Price for Electrical Board and Console in Vietnam (CIF) - 2022

The average electrical board and console import price stood at $186 per unit in 2022, picking up by 8.6% against the previous year. In general, the import price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2020 when the average import price increased by 10%. Over the period under review, average import prices attained the maximum at $350 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($332 per unit), while the price for Japan ($163 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Electrical Board and Console in Vietnam (FOB) - 2022

In 2022, the average electrical board and console export price amounted to $253 per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 88% against the previous year. The export price peaked at $267 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($372 per unit), while the average price for exports to Japan ($128 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Board and Console in Vietnam

In 2022, imports of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding 1000 v into Vietnam reduced to 924K units, waning by -2.6% compared with the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14%. As a result, imports reached the peak of 948K units, and then reduced modestly in the following year.

In value terms, electrical board and console imports totaled $171M in 2022. In general, imports saw a slight setback. Over the period under review, imports reached the maximum at $181M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Import of Electrical Board and Console in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	106	127	130	109	0.9%
Indonesia	16.1	15.0	8.4	17.5	2.8%
Germany	13.7	11.9	7.2	10.6	-8.2%
South Korea	8.7	3.6	3.9	7.3	-5.7%
Singapore	0.2	0.1	0.1	4.7	186.4%
Japan	6.9	2.7	1.2	4.0	-16.6%
India	5.5	4.6	2.8	3.2	-16.5%
Others	20.6	16.1	8.9	15.0	-10.0%
Total	178	181	162	171	-1.3%

Top Suppliers of Electrical Board and Console to Vietnam in 2022:

China (643.9K units)
Indonesia (95.8K units)
South Korea (39.3K units)
Germany (31.9K units)
Singapore (26.5K units)
Japan (24.6K units)
India (10.3K units)

Exports of Electrical Board and Console in Vietnam

In 2022, after two years of decline, there was significant growth in overseas shipments of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding 1000 v, when their volume increased by 11% to 78K units. In general, exports, however, continue to indicate a significant decline. Over the period under review, the exports attained the peak figure at 195K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electrical board and console exports stood at $20M in 2022. Overall, exports, however, faced a significant decrease. Over the period under review, the exports reached the maximum at $50M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Electrical Board and Console in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	2.6	1.1	2.1	2.7	1.3%
Indonesia	1.3	3.1	0.7	2.1	17.3%
Cambodia	3.1	1.5	0.9	2.1	-12.2%
Australia	9.1	3.1	2.3	2.0	-39.7%
Japan	4.5	2.1	4.4	1.8	-26.3%
United Kingdom	1.3	0.9	1.1	1.7	9.4%
Malaysia	0.3	0.4	0.7	1.2	58.7%
South Korea	1.6	0.9	0.3	1.1	-11.7%
Bangladesh	0.6	0.6	0.7	1.0	18.6%
Singapore	N/A	N/A	0.1	0.7	600.0%
Germany	0.7	0.8	0.6	0.6	-5.0%
Israel	0.7	0.4	0.3	0.4	-17.0%
United States	17.7	1.9	1.6	0.2	-77.6%
Others	6.1	4.9	1.9	2.1	-29.9%
Total	49.7	21.7	17.6	19.6	-26.7%

Top Export Markets for Electrical Board and Console from Vietnam in 2022:

Japan (14.1K units)
Mexico (10.1K units)
Cambodia (7.7K units)
Indonesia (7.4K units)
Australia (6.8K units)
United Kingdom (4.6K units)
Malaysia (4.3K units)
Bangladesh (4.1K units)
South Korea (3.9K units)
Singapore (2.7K units)
Germany (2.0K units)
Israel (1.6K units)
United States (0.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for electrical board and console 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 27123203 - Numerical control panels, 1 .000 V < voltage . .72,5 kV
Prodcom 27123205 - Numerical control panels, voltage > .72,5 kV

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

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
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
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