Vietnam - Grinding And Sharpening Metal Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Grinding and Sharpening Machine in Vietnam - 2022
Contents:
- Price for Grinding and Sharpening Machine in Vietnam (CIF) - 2022
- Price for Grinding and Sharpening Machine in Vietnam (FOB) - 2022
- Imports of Grinding and Sharpening Machine in Vietnam
- Exports of Grinding and Sharpening Machine in Vietnam
Price for Grinding and Sharpening Machine in Vietnam (CIF) - 2022
In December 2022, the average grinding and sharpening machine import price amounted to $2,274 per unit, reducing by -51.2% against the previous month. In general, the import price continues to indicate a sharp decrease. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 112% m-o-m. The import price peaked at $54,886 per unit in December 2021; however, from January 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,237 per unit), while the price for Taiwan (Chinese) ($667 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.0%), while the prices for the other major suppliers experienced a decline.
Price for Grinding and Sharpening Machine in Vietnam (FOB) - 2022
In December 2022, the average grinding and sharpening machine export price amounted to $591 per unit, shrinking by -60.5% against the previous month. In general, the export price faced a abrupt descent. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 1,629% against the previous month. As a result, the export price reached the peak level of $27,021 per unit. From May 2022 to December 2022, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2021 to December 2022, the rate of growth in terms of prices for the United States amounted to -2.1% per month.
Imports of Grinding and Sharpening Machine in Vietnam
In 2022, grinding and sharpening machine imports into Vietnam fell remarkably to 4K units, declining by -16.8% compared with the year before. Overall, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of 4.8K units, and then shrank notably in the following year.
In value terms, grinding and sharpening machine imports amounted to $46M in 2022. Over the period under review, imports saw a drastic downturn. Over the period under review, imports hit record highs at $59M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Grinding and Sharpening Machine in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 12.1 | 8.6 | 11.0 | 9.8 | -6.8% |
Japan | 15.3 | 12.2 | 10.2 | 9.0 | -16.2% |
Taiwan (Chinese) | 8.7 | 5.8 | 6.1 | 7.2 | -6.1% |
South Korea | 8.0 | 6.5 | 6.1 | 5.9 | -9.7% |
Germany | 5.0 | 4.1 | 2.9 | 3.2 | -13.8% |
India | 0.8 | 0.5 | 0.4 | 0.4 | -20.6% |
Others | 9.0 | 8.2 | 8.6 | 10.2 | 4.3% |
Total | 59.0 | 45.9 | 45.3 | 45.6 | -8.2% |
Top Suppliers of Grinding and Sharpening Machine to Vietnam in 2022:
- China (2714.0 units)
- Taiwan (Chinese) (447.0 units)
- Japan (170.0 units)
- South Korea (155.0 units)
- India (87.0 units)
- Germany (37.0 units)
Exports of Grinding and Sharpening Machine in Vietnam
In 2022, exports of grinding and sharpening metal finishing machines from Vietnam rose modestly to 133 units, picking up by 3.9% against 2021. The total export volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 20%. As a result, the exports reached the peak of 148 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, grinding and sharpening machine exports contracted to $976K in 2022. Overall, exports, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, the exports attained the peak of $1.1M, and then shrank in the following year.
Export of Grinding and Sharpening Machine in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 413 | 356 | 449 | 394 | -1.6% |
United States | 41.0 | 231 | 231 | 188 | 66.1% |
Myanmar | 115 | 28.9 | 0.1 | 146 | 8.3% |
Thailand | 235 | 82.0 | 124 | 113 | -21.7% |
Japan | 88.0 | 27.4 | 198 | 52.2 | -16.0% |
Taiwan (Chinese) | 27.0 | 21.0 | 73.3 | 38.6 | 12.7% |
Singapore | 25.0 | 21.9 | 13.8 | 15.3 | -15.1% |
Canada | 1.5 | 1.8 | 7.9 | 7.4 | 70.2% |
India | 57.3 | 1.3 | 0.5 | 2.3 | -65.8% |
Cambodia | 43.7 | 1.2 | 4.7 | 1.6 | -66.8% |
Lao People's Democratic Republic | 6.1 | 1.5 | 3.0 | 1.1 | -43.5% |
Indonesia | 9.6 | 0.5 | 0.4 | 0.8 | -56.3% |
Australia | 2.3 | 0.1 | 0.1 | 0.2 | -55.7% |
Others | 31.7 | 53.4 | 17.2 | 15.1 | -21.9% |
Total | 1,097 | 828 | 1,124 | 976 | -3.8% |
Top Export Markets for Grinding and Sharpening Machine from Vietnam in 2022:
- Japan (37.0 units)
- United States (26.0 units)
- Taiwan (Chinese) (10.0 units)
- Myanmar (9.0 units)
- South Korea (7.0 units)
- India (4.0 units)
- Thailand (4.0 units)
- Lao People's Democratic Republic (3.0 units)
- Singapore (3.0 units)
- Indonesia (3.0 units)
- Canada (2.0 units)
- Australia (2.0 units)
- Cambodia (2.0 units)
This report provides an in-depth analysis of the market for grinding and sharpening 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 28412305 - Numerically controlled flat-surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
- Prodcom 28412315 - Numerically controlled cylindrical surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
- Prodcom 28412325 - Other numerically controlled grinding machines in which the positioning in any one axis can be set up to accuracy > 0,01 mm
- Prodcom 28412335 - Non-numerically controlled flat-surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
- Prodcom 28412345 - Non-numerically controlled cylindrical surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
- Prodcom 28412355 - Grinding machines for working metal, any one axis can be set to an accuracy . 0,01 mm excluding flat-surface grinding machines, cylindrical surface grinding machines
- Prodcom 28412365 - Numerically controlled sharpening (tool or cutter grinding) m achines for working metal
- Prodcom 28412375 - Non-numerically controlled sharpening (tool or cutter grinding) machines for working metal
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
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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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