Report Update: Apr 1, 2024

Vietnam - Non-Numerically Controlled Sharpening Machines For Working Metal - Market Analysis, Forecast, Size, Trends And Insights

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Price for Non-Numerically Controlled Sharpening Machine in Vietnam - 2022

Price for Non-Numerically Controlled Sharpening Machine in Vietnam (CIF) - 2022

In 2022, the average non-numerically controlled sharpening machine import price amounted to $1,752 per unit, surging by 16% against the previous year. In general, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $7,329 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,810 per unit), while the price for India ($705 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-10.2%), while the prices for the other major suppliers experienced a decline.

Price for Non-Numerically Controlled Sharpening Machine in Vietnam (FOB) - 2022

The average non-numerically controlled sharpening machine export price stood at $780 per unit in 2022, with an increase of 14% against the previous year. In general, the export price showed pronounced growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 79%. The export price peaked at $1,691 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Singapore ($1,683 per unit), while the average price for exports to Australia ($186 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 Singapore (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machine in Vietnam

In 2022, approx. 3K units of non-numerically controlled sharpening machines for working metal were imported into Vietnam; with a decrease of -22.4% compared with 2021 figures. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. As a result, imports attained the peak of 3.8K units, and then shrank dramatically in the following year.

In value terms, non-numerically controlled sharpening machine imports shrank to $5.2M in 2022. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, imports reached the peak figure at $5.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Non-Numerically Controlled Sharpening Machine in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3,550	2,741	3,560	3,289	-2.5%
Taiwan (Chinese)	579	539	766	969	18.7%
South Korea	420	182	136	107	-36.6%
India	67.8	8.5	26.1	55.0	-6.7%
Japan	549	557	513	31.2	-61.6%
Germany	391	39.9	173	14.6	-66.6%
Others	284	593	601	752	38.3%
Total	5,842	4,660	5,775	5,218	-3.7%

Top Suppliers of Non-Numerically Controlled Sharpening Machine to Vietnam in 2022:

China (2359.0 units)
Taiwan (Chinese) (345.0 units)
India (78.0 units)
South Korea (39.0 units)
Japan (12.0 units)
Germany (6.0 units)

Exports of Non-Numerically Controlled Sharpening Machine in Vietnam

In 2022, approx. 75 units of non-numerically controlled sharpening machines for working metal were exported from Vietnam; picking up by 17% on 2021 figures. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 56%. As a result, the exports attained the peak of 95 units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine exports surged to $58K in 2022. Overall, exports, however, saw a abrupt descent. The exports peaked at $103K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Non-Numerically Controlled Sharpening Machine in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	45.3	5.1	3.5	30.9	-12.0%
United States	1.1	63.9	37.9	12.8	126.6%
Taiwan (Chinese)	1.3	1.3	0.8	5.6	62.7%
India	8.1	0.7	0.4	2.1	-36.2%
Cambodia	2.6	0.2	0.1	1.0	-27.3%
South Korea	28.2	1.3	0.4	0.6	-72.3%
Australia	1.0	0.1	N/A	0.2	-41.5%
Others	15.6	0.7	0.6	5.3	-30.2%
Total	103	73.4	43.6	58.5	-17.2%

Top Export Markets for Non-Numerically Controlled Sharpening Machine from Vietnam in 2022:

Japan (35.0 units)
United States (14.0 units)
Taiwan (Chinese) (7.0 units)
India (3.0 units)
Australia (1.0 units)
Cambodia (1.0 units)
South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for non-numerically controlled 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 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.

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