Vietnam - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Mechanical Shovel and Excavator in Vietnam - 2021
Contents:
- Price for Mechanical Shovel and Excavator in Vietnam (CIF) - 2021
- Price for Mechanical Shovel and Excavator in Vietnam (FOB) - 2021
- Imports of Mechanical Shovel and Excavator in Vietnam
- Exports of Mechanical Shovel and Excavator in Vietnam
Price for Mechanical Shovel and Excavator in Vietnam (CIF) - 2021
In December 2021, the average mechanical shovel and excavator import price amounted to $23,449 per unit, declining by -14.1% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2021 an increase of 11% against the previous month. The import price peaked at $27,503 per unit in October 2021; afterwards, it flattened through to December 2021.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($29,928 per unit), while the price for Sweden ($10,648 per unit) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mechanical Shovel and Excavator in Vietnam (FOB) - 2021
In December 2021, the average mechanical shovel and excavator export price amounted to $10,990 per unit, falling by -44.4% against the previous month. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in November 2021 an increase of 67% m-o-m. Over the period under review, the average export prices attained the peak figure at $34,557 per unit in April 2021; afterwards, it flattened through to December 2021.
There were significant differences in the average prices for the major export markets. In December 2021, the country with the highest price was the United States ($15,717 per unit), while the average price for exports to Taiwan (Chinese) ($8,224 per unit) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+73.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mechanical Shovel and Excavator in Vietnam
After three years of growth, purchases abroad of mechanical shovels, excavators and shovel loaders decreased by -8.2% to 15K units in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 29%. Imports peaked at 16K units in 2021, and then fell in the following year.
In value terms, mechanical shovel and excavator imports fell to $613M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of $715M, and then reduced in the following year.
| Import of Mechanical Shovel and Excavator in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 223 | 242 | 308 | 254 | 4.4% |
| South Korea | 135 | 144 | 200 | 161 | 6.0% |
| China | 58.4 | 59.4 | 111 | 103 | 20.8% |
| Thailand | 9.4 | 19.0 | 42.8 | 34.1 | 53.7% |
| United States | 8.8 | 5.0 | 16.6 | 13.9 | 16.5% |
| Netherlands | 7.2 | 4.9 | 4.4 | 12.2 | 19.2% |
| Others | 45.9 | 37.0 | 31.3 | 34.3 | -9.3% |
| Total | 487 | 511 | 715 | 613 | 8.0% |
Top Suppliers of Mechanical Shovel and Excavator to Vietnam in 2022:
- Japan (5.7K units)
- South Korea (3.8K units)
- China (2.2K units)
- Thailand (0.8K units)
- Netherlands (0.5K units)
- United States (0.5K units)
Exports of Mechanical Shovel and Excavator in Vietnam
Mechanical shovel and excavator exports from Vietnam stood at 258 units in 2022, approximately mirroring the previous year's figure. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 8.5%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, mechanical shovel and excavator exports contracted to $11M in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. As a result, the exports attained the peak of $12M, and then shrank in the following year.
| Export of Mechanical Shovel and Excavator in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 4,899 | 3,749 | 1,349 | 2,732 | -17.7% |
| Lao People's Democratic Republic | 539 | 611 | 2,540 | 2,430 | 65.2% |
| Canada | 144 | 1,008 | 1,720 | 1,539 | 120.3% |
| Bangladesh | 1,128 | 1,091 | 1,388 | 1,230 | 2.9% |
| China | 1,527 | 665 | 595 | 593 | -27.0% |
| Australia | 1,287 | 635 | 24.0 | 523 | -25.9% |
| Pakistan | 99.2 | 131 | 425 | 391 | 58.0% |
| Iraq | 11.0 | 15.4 | 270 | 289 | 197.3% |
| United States | 403 | 455 | 661 | 288 | -10.6% |
| Taiwan (Chinese) | 218 | 203 | 274 | 277 | 8.3% |
| Hong Kong SAR | 169 | 242 | 213 | 211 | 7.7% |
| Philippines | 243 | 311 | 118 | 188 | -8.2% |
| United Arab Emirates | 15.1 | 227 | 76.5 | 124 | 101.8% |
| Others | 765 | 1,401 | 2,327 | 548 | -10.5% |
| Total | 11,447 | 10,745 | 11,980 | 11,363 | -0.2% |
Top Export Markets for Mechanical Shovel and Excavator from Vietnam in 2022:
- Canada (49.0 units)
- Cambodia (47.0 units)
- Lao People's Democratic Republic (44.0 units)
- Bangladesh (30.0 units)
- Pakistan (17.0 units)
- Australia (13.0 units)
- China (11.0 units)
- Iraq (7.0 units)
- Taiwan (Chinese) (5.0 units)
- Philippines (5.0 units)
- United States (5.0 units)
- United Arab Emirates (4.0 units)
- Hong Kong SAR (4.0 units)
This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
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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