Price for Winches and Capstans; Powered by an Electric Motor in Vietnam - 2022
Contents:
- Price for Winches and Capstans; Powered by an Electric Motor in Vietnam (CIF) - 2022
- Price for Winches and Capstans; Powered by an Electric Motor in Vietnam (FOB) - 2022
- Imports of Winches and Capstans; Powered by an Electric Motor in Vietnam
- Exports of Winches and Capstans; Powered by an Electric Motor in Vietnam
Price for Winches and Capstans; Powered by an Electric Motor in Vietnam (CIF) - 2022
The average import price for winches and capstans; powered by an electric motors stood at $972 per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 195% against the previous year. As a result, import price attained the peak level of $1,506 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,320 per unit), while the price for the United States ($49 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winches and Capstans; Powered by an Electric Motor in Vietnam (FOB) - 2022
In 2022, the average export price for winches and capstans; powered by an electric motors amounted to $1,746 per unit, surging by 23% against the previous year. In general, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 128%. The export price peaked at $2,511 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($3,000 per unit), while the average price for exports to Canada ($1,356 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 Cameroon (+106.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winches and Capstans; Powered by an Electric Motor in Vietnam
In 2022, the amount of winches and capstans; powered by an electric motors imported into Vietnam soared to 44K units, surging by 44% against the year before. The total import volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of winches and capstans; powered by an electric motors surged to $43M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Winches and Capstans; Powered by an Electric Motor in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.4 | 13.8 | 15.8 | 21.5 | 5.3% |
| South Korea | 5.4 | 5.0 | 4.6 | 12.4 | 31.9% |
| Taiwan (Chinese) | 4.8 | 5.3 | 4.4 | 4.2 | -4.4% |
| Japan | 1.8 | 1.2 | 0.7 | 1.2 | -12.6% |
| Germany | 0.9 | 0.2 | 0.5 | 0.4 | -23.7% |
| Spain | N/A | 0.9 | 0.2 | 0.3 | -42.3% |
| France | N/A | N/A | 0.1 | 0.1 | 0.0% |
| United States | 0.5 | 0.1 | 0.1 | 0.1 | -41.5% |
| Others | 3.4 | 2.9 | 3.7 | 2.5 | -9.7% |
| Total | 35.2 | 29.4 | 30.0 | 42.8 | 6.7% |
Top Suppliers of Winches and Capstans; Powered by an Electric Motor to Vietnam in 2022:
- South Korea (21.2K units)
- Taiwan (Chinese) (7.2K units)
- China (6.5K units)
- United States (2.8K units)
- Japan (2.1K units)
- France (0.9K units)
- Germany (0.8K units)
- Spain (0.6K units)
Exports of Winches and Capstans; Powered by an Electric Motor in Vietnam
Exports of winches and capstans; powered by an electric motors from Vietnam soared to 395 units in 2022, jumping by 863% on 2021. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at 652 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of winches and capstans; powered by an electric motors surged to $690K in 2022. Over the period under review, exports, however, saw a abrupt curtailment. Over the period under review, the exports of attained the maximum at $1.6M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Winches and Capstans; Powered by an Electric Motor in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 9.3 | 13.1 | 1.8 | 342 | 232.5% |
| Cambodia | 13.9 | 8.3 | 0.1 | 163 | 127.2% |
| Lao People's Democratic Republic | 2.0 | 31.8 | 0.2 | 106 | 275.6% |
| Philippines | 11.7 | 13.7 | 0.7 | 36.0 | 45.4% |
| Cameroon | 0.4 | 0.7 | 0.3 | 19.6 | 265.9% |
| South Korea | 24.8 | 716 | 17.0 | N/A | -17.2% |
| Thailand | 325 | 377 | 19.6 | N/A | -75.4% |
| Chile | 22.0 | 59.1 | 2.4 | N/A | -67.0% |
| Norway | 257 | 158 | 5.6 | N/A | -85.2% |
| United States | 20.1 | 14.6 | 2.8 | N/A | -62.7% |
| United Arab Emirates | 29.8 | 43.2 | N/A | N/A | 45.0% |
| Taiwan (Chinese) | 33.6 | 22.1 | 0.4 | N/A | -89.1% |
| Myanmar | 22.7 | 32.9 | 0.3 | N/A | -88.5% |
| Others | 172 | 147 | 7.0 | 23.6 | -48.4% |
| Total | 944 | 1,637 | 58.2 | 690 | -9.9% |
Top Export Markets for Winches and Capstans; Powered by an Electric Motor from Vietnam in 2022:
- Canada (252.0 units)
- Cambodia (74.0 units)
- Lao People's Democratic Republic (40.0 units)
- Philippines (12.0 units)
- Cameroon (7.0 units)
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