Vietnam - Road Wheels - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRoad Wheel Price in Vietnam - 2022
Contents:
- Road Wheel Price in Vietnam (CIF) - 2022
- Road Wheel Price in Vietnam (FOB) - 2022
- Road Wheel Imports in Vietnam
- Road Wheel Exports in Vietnam
Road Wheel Price in Vietnam (CIF) - 2022
The average road wheel import price stood at $6,014 per ton in 2022, falling by -5.4% against the previous year. In general, the import price, however, posted a measured expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 81%. The import price peaked at $6,359 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($6,164 per ton) and Malaysia ($6,164 per ton), while the price for Indonesia ($5,369 per ton) and Japan ($5,478 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Road Wheel Price in Vietnam (FOB) - 2022
The average road wheel export price stood at $5,551 per ton in 2022, rising by 11% against the previous year. Over the period under review, the export price, however, showed a mild decrease. The growth pace was the most rapid in 2020 when the average export price increased by 21%. As a result, the export price attained the peak level of $6,647 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($5,799 per ton) and the United States ($5,529 per ton), while the average price for exports to Thailand ($5,529 per ton) and Germany ($5,529 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Road Wheel Imports in Vietnam
In 2022, approx. 15K tons of road wheels were imported into Vietnam; which is down by -2.8% against the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 5.9% against the previous year. As a result, imports attained the peak of 15K tons, and then dropped modestly in the following year.
In value terms, road wheel imports reduced to $89M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports attained the peak of $97M, and then shrank in the following year.
| Import of Road Wheel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.3 | 43.7 | 53.8 | 47.9 | 15.2% |
| South Korea | 17.0 | 15.8 | 19.4 | 17.3 | 0.6% |
| Thailand | 12.9 | 7.7 | 10.2 | 9.0 | -11.3% |
| Japan | 9.2 | 5.9 | 5.1 | 5.9 | -13.8% |
| Malaysia | 1.7 | 2.5 | 2.7 | 2.4 | 12.2% |
| Indonesia | 3.3 | 1.8 | 0.8 | 1.7 | -19.8% |
| India | 1.1 | 1.4 | 1.8 | 1.6 | 13.3% |
| Others | 4.3 | 2.6 | 3.2 | 3.3 | -8.4% |
| Total | 80.9 | 81.4 | 97.0 | 89.2 | 3.3% |
Top Suppliers of Road Wheel to Vietnam in 2022:
- China (7.8K tons)
- South Korea (2.8K tons)
- Thailand (1.6K tons)
- Japan (1.1K tons)
- Malaysia (0.4K tons)
- Indonesia (0.3K tons)
- India (0.3K tons)
Road Wheel Exports in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of road wheels, when their volume decreased by -25.8% to 14K tons. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. As a result, the exports attained the peak of 18K tons, and then contracted dramatically in the following year.
In value terms, road wheel exports shrank significantly to $76M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $93M, and then shrank markedly in the following year.
| Export of Road Wheel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 39.2 | 41.5 | 61.1 | 55.1 | 12.0% |
| Canada | 1.2 | 3.9 | 9.0 | 8.1 | 89.0% |
| Germany | 0.6 | 3.5 | 3.5 | 3.2 | 74.7% |
| Poland | N/A | 1.0 | 2.6 | 2.4 | 54.9% |
| Japan | 2.8 | 2.4 | 2.4 | 2.3 | -6.3% |
| Netherlands | 0.2 | 1.3 | 1.5 | 1.3 | 86.6% |
| Mexico | N/A | N/A | 8.1 | N/A | 0% |
| Others | 3.4 | 6.0 | 4.6 | 3.9 | 4.7% |
| Total | 47.4 | 59.5 | 92.8 | 76.1 | 17.1% |
Top Export Markets for Road Wheel from Vietnam in 2022:
- United States (10.0K tons)
- Canada (1.5K tons)
- Germany (0.6K tons)
- Poland (0.4K tons)
- Japan (0.4K tons)
- Netherlands (0.2K tons)
This report provides an in-depth analysis of the road wheel market 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 29323040 - Road wheels and parts and accessories thereof
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
393
This report provides an in-depth analysis of the road wheel market in Vietnam.
240
This report provides an in-depth analysis of the inflator system airbag market in Vietnam.
304
This report provides an in-depth analysis of the brakes and servo-brakes market in Vietnam.
246
This report provides an in-depth analysis of the bumper market in Vietnam.
185
This report provides an in-depth analysis of the clutch market in Vietnam.
279
This report provides an in-depth analysis of the market for driving and non-driving axle in Vietnam.
252
This report provides an in-depth analysis of the gear box market in Vietnam.
292
This report provides an in-depth analysis of the motor vehicle radiator market in Vietnam.
283
This report provides an in-depth analysis of the safety seat belt market in Vietnam.
363
This report provides an in-depth analysis of the silencer market in Vietnam.
1022
In value terms, millstones, grindstones and grinding wheels imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the t...
1079
In value terms, millstones, grindstones and grinding wheels exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend...
1690
Global automotive accessory imports stood at X tons in 2016, ascending by X% against the previous year figure. Overall, automotive accessory imports continue to indicate a slight downturn. The pa...
3421
Global automotive accessory imports stood at X tons in 2016, ascending by X% against the previous year figure. Overall, automotive accessory imports continue to indicate a slight downturn. The pa...
1142
In 2015, global automotive accessory market grew to X billion USD, which was slightly higher than the year before. From 2007 to 2015, average annual growth rate of consumption stood at +X% per year.
1770
China (X million USD) was calculated to be the leading consuming motor vehicle accessory market in 2015, accounting for approximately X% of global consumption. It was distantly followed by the U.S. with a X% share i
1631
Global motor vehicle accessory market production was estimated at X billion USD in 2015, which was X% more than in 2014. There was an annual increase of +X% for the period from 2007 to 2015.
268
Explore the world's top import markets for clutches, including the United States, Germany, Mexico, China, and more. Get insights into the key statistics and import values of these countries, and understand the driving factors behind their demand for clutches.
123
Discover the top import markets for gear boxes around the world, including the United States, China, Germany, and more. Explore key statistics and import values for these countries. Find out how the IndexBox market intelligence platform can provide comprehensive insights for global trade.
133
Discover the top import markets for motor vehicle radiators and gain insights into the global trade dynamics. Explore the import values and statistics of countries like the United States, Germany, Mexico, and more. Learn about the demand for motor vehicle radiators in the thriving automotive industry.
