Vietnam - Instruments for Measuring Electrical Quantities - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Instruments for Measuring Electrical Quantities in Vietnam - 2021
Contents:
- Price for Instruments for Measuring Electrical Quantities in Vietnam (CIF) - 2021
- Price for Instruments for Measuring Electrical Quantities in Vietnam (FOB) - 2022
- Imports of Instruments for Measuring Electrical Quantities in Vietnam
- Exports of Instruments for Measuring Electrical Quantities in Vietnam
Price for Instruments for Measuring Electrical Quantities in Vietnam (CIF) - 2021
The average import price for instruments for measuring electrical quantities stood at $20.2 per unit in December 2021, standing approximately at the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2021 when the average import price increased by 6.7% against the previous month. The import price peaked at $22.3 per unit in April 2021; however, from May 2021 to December 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the highest price was recorded for prices from China ($21.5 per unit) and Japan ($19.0 per unit), while the price for Malaysia ($18.2 per unit) and the United States ($18.2 per unit) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Instruments for Measuring Electrical Quantities in Vietnam (FOB) - 2022
In 2022, the average export price for instruments for measuring electrical quantities amounted to $21 per unit, dropping by -6.9% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, instruments for measuring electrical quantities export price decreased by -8.2% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 63%. The export price peaked at $23 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($15 per unit) and Japan ($15 per unit), while the average price for exports to China ($12 per unit) and Australia ($12 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 Japan (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Instruments for Measuring Electrical Quantities in Vietnam
In 2022, supplies from abroad of instruments for measuring electrical quantities decreased by -34.3% to 3M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 83%. Over the period under review, imports reached the maximum at 4.5M units in 2021, and then declined rapidly in the following year.
In value terms, instruments for measuring electrical quantities imports declined significantly to $58M in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 140%. Over the period under review, imports attained the peak figure at $86M in 2021, and then dropped remarkably in the following year.
| Import of Instruments for Measuring Electrical Quantities in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 11.8 | 15.2 | 16.9 | 34.2% |
| Japan | 4.2 | 4.7 | 5.9 | 6.5 | 15.7% |
| South Korea | 5.0 | 6.2 | 4.9 | 5.9 | 5.7% |
| United States | 2.4 | 2.0 | 2.5 | 2.8 | 5.3% |
| Taiwan (Chinese) | 1.3 | 1.4 | 1.7 | 1.8 | 11.5% |
| Germany | 0.7 | 2.8 | 1.6 | 1.8 | 37.0% |
| Finland | 0.3 | 0.4 | 1.1 | 1.3 | 63.0% |
| Austria | 0.6 | 2.3 | 0.8 | 1.3 | 29.4% |
| United Kingdom | 0.6 | 0.9 | 1.0 | 1.2 | 26.0% |
| Malaysia | 1.1 | 0.9 | 0.9 | 1.1 | 0.0% |
| Thailand | 0.8 | 1.0 | 0.7 | 0.9 | 4.0% |
| Others | 9.6 | 46.2 | 49.9 | 16.4 | 19.5% |
| Total | 33.6 | 80.5 | 86.2 | 57.9 | 19.9% |
Top Suppliers of Instruments for Measuring Electrical Quantities to Vietnam in 2022:
- China (1947.2K units)
- Japan (725.6K units)
- South Korea (695.5K units)
- United States (320.0K units)
- Taiwan (Chinese) (220.5K units)
- Germany (199.5K units)
- Finland (146.5K units)
- Austria (131.0K units)
- United Kingdom (113.7K units)
- Malaysia (107.6K units)
- Thailand (105.6K units)
Exports of Instruments for Measuring Electrical Quantities in Vietnam
In 2022, approx. 227K units of instruments for measuring electrical quantities were exported from Vietnam; with an increase of 17% compared with the year before. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 282% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, instruments for measuring electrical quantities exports rose significantly to $4.9M in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 277%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Instruments for Measuring Electrical Quantities in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 551 | 320 | 1,690 | 1,682 | 45.1% |
| United States | 10.1 | 70.4 | 796 | 792 | 328.0% |
| Italy | 7.8 | 2.0 | 409 | 407 | 273.7% |
| China | 47.3 | 72.5 | 221 | 220 | 66.9% |
| Japan | 32.3 | 240 | 44.7 | 96.6 | 44.1% |
| Singapore | 172 | 25.2 | 48.3 | 77.2 | -23.4% |
| Australia | 61.3 | 86.1 | 77.3 | 76.9 | 7.9% |
| Others | 419 | 372 | 1,190 | 1,515 | 53.5% |
| Total | 1,300 | 1,189 | 4,477 | 4,866 | 55.3% |
Top Export Markets for Instruments for Measuring Electrical Quantities from Vietnam in 2022:
- South Korea (140.2K units)
- United States (66.3K units)
- Italy (34.0K units)
- China (18.5K units)
- Australia (6.5K units)
- Japan (6.4K units)
- Singapore (5.1K units)
This report provides an in-depth analysis of the market for instruments for measuring electrical quantities 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 26514310 - Multimeters
- Prodcom 26514330 - Electronic instruments and apparatus for measuring or checking voltage, current, resistance or electrical power, w ithout recording device (excluding multimeters, and oscilloscopes and oscillographs)
- Prodcom 26514355 - Voltmeters
- Prodcom 26514359 - Non-electronic instruments and apparatus, for measuring or checking voltage, current, resistance or power, without a recording device (excluding multimeters, voltmeters)
- Prodcom 26514300 -
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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