Report Update: May 1, 2024

Vietnam - Vacuum Cleaners - Market Analysis, Forecast, Size, Trends and Insights

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Price for Vacuum Cleaner with Motor in Vietnam - 2022

Price for Vacuum Cleaner with Motor in Vietnam (FOB) - 2022

In December 2022, the average vacuum cleaner with motor export price amounted to $95.5 per unit, approximately equating the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 0.3% m-o-m. The export price peaked at $99.7 per unit in December 2021; however, from January 2022 to December 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In December 2022, the countries with the highest prices were Kazakhstan ($104 per unit) and the United Arab Emirates ($103 per unit), while the average price for exports to France ($94.4 per unit) and Poland ($94.4 per unit) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Vacuum Cleaner with Motor in Vietnam (CIF) - 2022

The average vacuum cleaner with motor import price stood at $116 per unit in December 2022, standing approximately at the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 2.2% against the previous month. As a result, import price reached the peak level of $117 per unit. From November 2022 to December 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Thailand ($130 per unit) and South Korea ($129 per unit), while the price for China ($114 per unit) and Malaysia ($119 per unit) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vacuum Cleaner with Motor in Vietnam

After three years of growth, overseas shipments of vacuum cleaners with motor decreased by -15.6% to 8.1M units in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 60% against the previous year. Over the period under review, the exports reached the maximum at 9.6M units in 2021, and then contracted remarkably in the following year.

In value terms, vacuum cleaner with motor exports reduced notably to $631M in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs at $753M in 2021, and then dropped sharply in the following year.

Export of Vacuum Cleaner with Motor in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	38.4	162	334	316	101.9%
South Korea	105	157	143	88.8	-5.4%
Russia	96.7	90.9	97.4	87.4	-3.3%
Kazakhstan	15.9	15.0	17.7	17.4	3.1%
Poland	0.8	2.5	13.8	13.7	157.8%
China	1.6	4.1	5.4	5.5	50.9%
Ukraine	10.2	9.1	11.0	3.5	-30.0%
Others	58.6	67.9	132	99.0	19.1%
Total	327	509	753	631	24.5%

Top Export Markets for Vacuum Cleaner with Motor from Vietnam in 2022:

United States (18.7M units)
Russia (12.9M units)
South Korea (7.8M units)
Kazakhstan (2.8M units)
Poland (1.0M units)
China (0.9M units)
Ukraine (0.5M units)

Imports of Vacuum Cleaner with Motor in Vietnam

In 2022, the amount of vacuum cleaners with motor imported into Vietnam shrank to 281K units, falling by -8.2% on the previous year's figure. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports attained the peak of 306K units, and then dropped in the following year.

In value terms, vacuum cleaner with motor imports reduced to $28M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, imports reached the peak of $32M, and then fell in the following year.

Import of Vacuum Cleaner with Motor in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	15.9	33.7	20.8	26.4	18.4%
Malaysia	3.0	2.1	3.4	3.2	2.2%
Thailand	4.5	1.1	1.8	2.0	-23.7%
Singapore	2.7	2.3	0.3	0.7	-36.2%
South Korea	0.8	0.6	0.9	0.7	-4.4%
Japan	0.6	0.9	0.5	0.2	-30.7%
Others	-3.7	-16.5	4.6	-4.9	9.8%
Total	23.8	24.2	32.2	28.2	5.8%

Top Suppliers of Vacuum Cleaner with Motor to Vietnam in 2022:

China (1942.2K units)
Malaysia (324.5K units)
Thailand (243.8K units)
South Korea (85.2K units)
Singapore (53.9K units)
Japan (16.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for vacuum cleaner with motor 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 27512123 - Vacuum cleaners with a self-contained electric motor of a power . 1 .500 W and having a dust bag or other receptable capacity . .20 l
Prodcom 27512125 - Other vacuum cleaners with a self-contained electric motor

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