Price for Tractors; (Other than Tractors of Heading No 8709) in Vietnam - 2022
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Vietnam (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Vietnam (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Vietnam
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Vietnam
Price for Tractors; (Other than Tractors of Heading No 8709) in Vietnam (CIF) - 2022
In December 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $34,344 per unit, rising by 19% against the previous month. In general, import price indicated strong growth from January 2022 to December 2022: its price increased at an average monthly rate of +7.0% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for tractors; (other than tractors of heading no 8709)s increased by +19.0% against November 2022 indices. The pace of growth was the most pronounced in February 2022 when the average import price increased by 75% against the previous month. Over the period under review, average import prices reached the maximum at $34,489 per unit in April 2022; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was China ($36,312 per unit), while the price for Japan ($9,048 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Vietnam (FOB) - 2022
In December 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $23,399 per unit, increasing by 28% against the previous month. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in February 2022 an increase of 62% m-o-m. Over the period under review, the average export prices hit record highs in December 2022.
Prices varied noticeably by the country of destination: the country with the highest price was Lao People's Democratic Republic ($35,383 per unit), while the average price for exports to the Philippines ($7,428 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Vietnam
In 2022, after three years of growth, there was significant decline in supplies from abroad of tractors; (other than tractors of heading no 8709)s, when their volume decreased by -34% to 11K units. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 64% against the previous year. As a result, imports attained the peak of 17K units, and then contracted remarkably in the following year.
In value terms, imports of tractors; (other than tractors of heading no 8709)s reduced notably to $327M in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 163%. As a result, imports reached the peak of $517M, and then contracted markedly in the following year.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.8 | 107 | 407 | 271 | 73.6% |
| Thailand | 18.3 | 21.6 | 36.4 | 27.1 | 14.0% |
| Japan | 7.4 | 7.0 | 5.6 | 8.6 | 5.1% |
| South Korea | 26.0 | 13.4 | 43.0 | 7.2 | -34.8% |
| India | 1.7 | 0.5 | 2.3 | 5.8 | 50.5% |
| Mexico | 61.9 | 15.4 | 7.3 | 3.6 | -61.3% |
| United States | 1.5 | 16.8 | 2.0 | 0.1 | -59.5% |
| Others | 5.8 | 15.4 | 13.9 | 3.4 | -16.3% |
| Total | 174 | 197 | 517 | 327 | 23.4% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Vietnam in 2022:
- China (7.7K units)
- Thailand (2.1K units)
- Japan (0.5K units)
- India (0.4K units)
- South Korea (0.2K units)
- Mexico (0.1K units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of tractors; (other than tractors of heading no 8709)s, when their volume decreased by -44.7% to 1.1K units. In general, exports saw a slight shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 72% against the previous year. Over the period under review, the exports of hit record highs at 1.9K units in 2021, and then contracted markedly in the following year.
In value terms, exports of tractors; (other than tractors of heading no 8709)s contracted notably to $11M in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 7.3% against the previous year. As a result, the exports reached the peak of $16M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 4.0 | 6.1 | 5.6 | 3.4 | -5.3% |
| Lao People's Democratic Republic | 0.3 | N/A | 0.3 | 1.4 | 67.1% |
| Netherlands | 2.7 | 2.8 | 2.0 | 1.4 | -19.7% |
| Germany | 0.4 | 1.1 | 0.9 | 1.0 | 35.7% |
| United States | 1.4 | 1.6 | 1.3 | 0.9 | -13.7% |
| Australia | 0.6 | 0.8 | 1.0 | 0.8 | 10.1% |
| United Kingdom | 0.6 | 0.4 | 0.3 | 0.5 | -5.9% |
| Uruguay | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Dominican Republic | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Cambodia | 2.0 | 1.0 | 1.2 | 0.2 | -53.6% |
| Others | 2.0 | 1.5 | 1.3 | 1.1 | -18.1% |
| Total | 14.6 | 15.6 | 14.2 | 11.4 | -7.9% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Vietnam in 2022:
- Philippines (375.0 units)
- Netherlands (149.0 units)
- Germany (103.0 units)
- United States (95.0 units)
- Australia (80.0 units)
- United Kingdom (50.0 units)
- Lao People's Democratic Republic (45.0 units)
- Uruguay (30.0 units)
- Dominican Republic (29.0 units)
- Cambodia (8.0 units)
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