Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam - 2022
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam (CIF) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam (FOB) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam (CIF) - 2022
In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $1,297 per unit, reducing by -54.7% against the previous year. Over the period under review, the import price faced a sharp setback. The most prominent rate of growth was recorded in 2015 a decrease of -2.8% against the previous year. The import price peaked at $27,168 per unit in 2012; however, from 2013 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 China ($17,793 per unit), while the price for Italy ($666 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam (FOB) - 2022
In 2022, the average export price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $1,281 per unit, declining by -13.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 131% against the previous year. As a result, the export price reached the peak level of $6,625 per unit. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2,202 per unit), while the average price for exports to the United States ($520 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 Taiwan (Chinese) (+23.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam
In 2022, approx. 2.7K units of furnaces and ovens; industrial or laboratory induction or dielectrics were imported into Vietnam; picking up by 14% compared with 2021. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics soared to $21M in 2022. Overall, imports saw modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.1 | 9.3 | 9.3 | 17.5 | 7.5% |
| India | N/A | N/A | N/A | 1.4 | 0% |
| Germany | 0.5 | 0.1 | 0.1 | 0.4 | -7.2% |
| Australia | 1.1 | 0.1 | 0.2 | 0.3 | -35.2% |
| Italy | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Japan | 0.5 | 2.9 | N/A | 0.1 | -41.5% |
| Sweden | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| South Korea | 2.5 | 0.2 | 1.5 | 0.1 | -65.8% |
| Spain | N/A | N/A | 0.1 | N/A | 0% |
| Switzerland | N/A | 0.1 | N/A | N/A | 0% |
| Others | 2.0 | 1.5 | 1.6 | 1.4 | -11.2% |
| Total | 20.8 | 14.2 | 12.9 | 21.4 | 1.0% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Vietnam in 2022:
- China (983.0 units)
- India (948.0 units)
- Italy (154.0 units)
- Germany (129.0 units)
- South Korea (91.0 units)
- Sweden (52.0 units)
- Switzerland (31.0 units)
- Spain (27.0 units)
- Australia (26.0 units)
- Japan (21.0 units)
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam
In 2022, the amount of furnaces and ovens; industrial or laboratory induction or dielectrics exported from Vietnam skyrocketed to 1.7K units, jumping by 3,392% compared with the previous year. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics skyrocketed to $2.1M in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.5 | 21.5 | 7.3 | 569 | 369.4% |
| United Kingdom | N/A | N/A | N/A | 447 | 0% |
| United States | 47.1 | 92.2 | 28.2 | 412 | 106.0% |
| Mexico | N/A | N/A | N/A | 212 | 0% |
| Taiwan (Chinese) | 5.1 | 14.5 | 3.6 | 153 | 210.7% |
| Germany | N/A | N/A | N/A | 126 | 0% |
| India | N/A | N/A | N/A | 51.2 | 0% |
| Others | 24.3 | 53.0 | 8.3 | 91.5 | 55.6% |
| Total | 82.0 | 181 | 47.4 | 2,061 | 192.9% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Vietnam in 2022:
- United States (792.0 units)
- Japan (336.0 units)
- United Kingdom (203.0 units)
- Mexico (129.0 units)
- Germany (105.0 units)
- Taiwan (Chinese) (90.0 units)
- India (30.0 units)
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