Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam - 2022

Contents:

  1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam (CIF) - 2022
  2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam (FOB) - 2022
  3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam
  4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam (CIF) - 2022

The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $12,778 per unit in December 2022, approximately equating the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 an increase of 2.1% month-to-month. The import price peaked at $12,938 per unit in September 2022; afterwards, it flattened through to December 2022.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was India ($16,792 per unit), while the price for Indonesia ($12,822 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 India (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam (FOB) - 2022

In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $12,469 per unit, waning by -3.9% against the previous year. Over the period under review, the export price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 396% against the previous year. The export price peaked at $13,352 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($12,471 per unit), while the average price for exports to Chile ($11,046 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 Chile (+154.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam

Imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs into Vietnam surged to 8.1K units in 2022, growing by 73% against the previous year's figure. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 7,733% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs soared to $103M in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 14,429%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia7.70.115.090.8127.6%
Thailand2.30.112.910.766.9%
Japan1.20.19.2N/A176.9%
Others0.6N/A4.41.432.6%
Total11.80.341.6103105.9%

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Vietnam in 2022:

  1. Indonesia (7.2K units)
  2. Thailand (0.8K units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam

In 2022, after three years of growth, there was significant decline in overseas shipments of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs, when their volume decreased by -57.2% to 7.6K units. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,213%. Over the period under review, the exports of reached the maximum at 18K units in 2021, and then fell remarkably in the following year.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs declined sharply to $94M in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,834% against the previous year. Over the period under review, the exports of reached the maximum at $229M in 2021, and then reduced sharply in the following year.

Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.979.921591.2366.2%
Canada2.23.79.62.88.4%
Pakistan0.20.10.7N/A87.1%
Others1.11.74.00.2-43.3%
Total4.485.422994.2177.7%

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Vietnam in 2022:

  1. United States (7.3K units)
  2. Canada (0.2K units)

Source: IndexBox Market Intelligence Platform

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