Price for Textile Machinery; Spinning Machines in Vietnam - 2022
Contents:
- Price for Textile Machinery; Spinning Machines in Vietnam (CIF) - 2022
- Price for Textile Machinery; Spinning Machines in Vietnam (FOB) - 2022
- Imports of Textile Machinery; Spinning Machines in Vietnam
- Exports of Textile Machinery; Spinning Machines in Vietnam
Price for Textile Machinery; Spinning Machines in Vietnam (CIF) - 2022
In 2022, the average textile machinery; spinning machines import price amounted to $71,139 per unit, reducing by -7.6% against the previous year. Over the period under review, the import price, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of 112%. Over the period under review, average import prices reached the peak figure at $117,923 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 India ($188,318 per unit), while the price for Malaysia ($9,110 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Machinery; Spinning Machines in Vietnam (FOB) - 2022
The average textile machinery; spinning machines export price stood at $62,830 per unit in 2022, growing by 7.6% against the previous year. Overall, the export price posted a significant increase. The growth pace was the most rapid in 2018 an increase of 269%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 Germany ($124,887 per unit), while the average price for exports to Singapore ($81 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 South Korea (+61.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Machinery; Spinning Machines in Vietnam
In 2022, textile machinery; spinning machines imports into Vietnam surged to 421 units, rising by 16% against the year before. In general, imports, however, recorded a dramatic descent. Over the period under review, imports attained the maximum at 822 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, textile machinery; spinning machines imports rose sharply to $30M in 2022. Overall, imports, however, faced a sharp decline. Over the period under review, imports hit record highs at $97M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Textile Machinery; Spinning Machines in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 29.3 | 10.7 | 6.3 | 10.4 | -29.2% |
| China | 48.0 | 9.6 | 10.7 | 7.9 | -45.2% |
| Japan | 1.8 | 0.7 | 6.1 | 5.4 | 44.2% |
| Italy | 1.7 | N/A | 1.2 | 2.0 | 5.6% |
| Malaysia | 0.7 | 1.0 | 0.7 | 0.8 | 4.6% |
| Indonesia | 0.7 | 0.9 | 0.7 | 0.7 | 0.0% |
| Germany | 10.5 | 4.9 | 0.1 | 0.6 | -61.5% |
| South Korea | 1.5 | 0.4 | 0.2 | 0.2 | -48.9% |
| Others | 2.7 | 3.7 | 2.0 | 2.0 | -9.5% |
| Total | 96.9 | 31.9 | 28.0 | 29.9 | -32.4% |
Top Suppliers of Textile Machinery; Spinning Machines to Vietnam in 2022:
- Italy (106.0 units)
- Malaysia (83.0 units)
- Japan (74.0 units)
- India (55.0 units)
- China (51.0 units)
- Indonesia (10.0 units)
- Germany (10.0 units)
- South Korea (3.0 units)
Exports of Textile Machinery; Spinning Machines in Vietnam
In 2022, shipments abroad of textile machinery; spinning machineses decreased by -31.4% to 35 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2021 when exports increased by 76% against the previous year. As a result, the exports attained the peak of 51 units, and then declined significantly in the following year.
In value terms, textile machinery; spinning machines exports shrank rapidly to $2.2M in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 109%. As a result, the exports attained the peak of $3M, and then shrank significantly in the following year.
| Export of Textile Machinery; Spinning Machines in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 279 | 578 | 722 | 760 | 39.7% |
| India | 134 | 423 | 873 | 386 | 42.3% |
| China | 46.6 | 89.8 | 355 | 374 | 100.2% |
| Germany | N/A | N/A | N/A | 125 | 0% |
| Bangladesh | 106 | 87.1 | 62.5 | 109 | 0.9% |
| Pakistan | 28.4 | 11.6 | 96.5 | 102 | 53.1% |
| Thailand | 116 | 69.4 | 16.3 | 90.4 | -8.0% |
| Cambodia | 26.2 | 34.0 | 50.7 | 63.7 | 34.5% |
| Indonesia | 32.1 | 25.1 | 51.3 | 54.0 | 18.9% |
| Taiwan (Chinese) | 2.0 | 2.9 | 6.3 | 6.6 | 48.9% |
| Singapore | N/A | N/A | N/A | 0.4 | 0% |
| Egypt | N/A | N/A | 290 | N/A | 0% |
| South Africa | N/A | N/A | 343 | N/A | 0% |
| Others | 202 | 100 | 110 | 128 | -14.1% |
| Total | 973 | 1,421 | 2,977 | 2,199 | 31.2% |
Top Export Markets for Textile Machinery; Spinning Machines from Vietnam in 2022:
- South Korea (8.0 units)
- India (6.0 units)
- Singapore (5.0 units)
- China (4.0 units)
- Thailand (3.0 units)
- Pakistan (2.0 units)
- Bangladesh (2.0 units)
- Taiwan (Chinese) (1.0 units)
- Indonesia (1.0 units)
- Cambodia (1.0 units)
- Germany (1.0 units)
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