Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam - 2022

Contents:

  1. Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam (FOB) - 2022
  2. Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam (CIF) - 2022
  3. Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Vietnam
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.517.5N/A22.2145.5%
Canada0.50.30.119.0236.2%
Others0.60.2N/A1.844.2%
Total2.518.10.143.0158.1%

Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Vietnam in 2022:

  1. United States (354.9K units)
  2. 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)
COUNTRY2019202020212022CAGR,
2019-2022
China3.63.44.35.313.8%
Japan2.93.03.83.34.4%
Taiwan (Chinese)1.61.41.31.2-9.1%
United States1.40.40.70.4-34.1%
Germany0.40.50.20.3-9.1%
South Korea0.40.30.50.3-9.1%
Thailand0.1N/AN/AN/A0%
Others1.11.21.00.6-18.3%
Total11.410.211.811.40.0%

Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Vietnam in 2022:

  1. China (327.9K units)
  2. Japan (200.9K units)
  3. Taiwan (Chinese) (76.2K units)
  4. South Korea (19.1K units)
  5. Germany (16.7K units)
  6. Thailand (6.4K units)
  7. United States (6.3K units)

Source: IndexBox Market Intelligence Platform

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