Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam - 2022
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam (FOB) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam (CIF) - 2022
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, other than rotary type stood at $98 per unit in 2022, with a decrease of -37.6% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of 273%. Over the period under review, the average export prices attained the peak figure at $266 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($233 per unit), while the average price for exports to the United States amounted to $63 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+22.9%).
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam (CIF) - 2022
The average import price for tools; for working in the hand, pneumatic, other than rotary type stood at $17 per unit in 2022, shrinking by -28.6% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the peak figure at $57 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($63 per unit), while the price for Thailand ($6.1 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) (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam
In 2022, approx. 438K units of tools; for working in the hand, pneumatic, other than rotary type were exported from Vietnam; increasing by 51,709% on the previous year. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type skyrocketed to $43M in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.5 | 17.5 | N/A | 22.2 | 145.5% |
Canada | 0.5 | 0.3 | 0.1 | 19.0 | 236.2% |
Others | 0.6 | 0.2 | N/A | 1.8 | 44.2% |
Total | 2.5 | 18.1 | 0.1 | 43.0 | 158.1% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Vietnam in 2022:
- United States (354.9K units)
- Canada (81.4K units)
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam
For the fourth year in a row, Vietnam recorded growth in supplies from abroad of tools; for working in the hand, pneumatic, other than rotary type, which increased by 35% to 691K units in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% 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 +65.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type shrank modestly to $11M in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of $12M, and then reduced in the following year.
Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.6 | 3.4 | 4.3 | 5.3 | 13.8% |
Japan | 2.9 | 3.0 | 3.8 | 3.3 | 4.4% |
Taiwan (Chinese) | 1.6 | 1.4 | 1.3 | 1.2 | -9.1% |
United States | 1.4 | 0.4 | 0.7 | 0.4 | -34.1% |
Germany | 0.4 | 0.5 | 0.2 | 0.3 | -9.1% |
South Korea | 0.4 | 0.3 | 0.5 | 0.3 | -9.1% |
Thailand | 0.1 | N/A | N/A | N/A | 0% |
Others | 1.1 | 1.2 | 1.0 | 0.6 | -18.3% |
Total | 11.4 | 10.2 | 11.8 | 11.4 | 0.0% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Vietnam in 2022:
- China (327.9K units)
- Japan (200.9K units)
- Taiwan (Chinese) (76.2K units)
- South Korea (19.1K units)
- Germany (16.7K units)
- Thailand (6.4K units)
- United States (6.3K units)
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