Vietnam - Starter Motors And Dual Purpose Starter Generators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStarter Motor Price in Vietnam - 2021
Contents:
- Starter Motor Price in Vietnam (CIF) - 2022
- Starter Motor Price in Vietnam (FOB) - 2022
- Starter Motor Imports in Vietnam
- Starter Motor Exports in Vietnam
Starter Motor Price in Vietnam (CIF) - 2022
In 2022, the average starter motor import price amounted to $56 per unit, waning by -28.2% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starter motor import price increased by +32.7% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 85%. Over the period under review, average import prices hit record highs at $78 per unit in 2021, and then shrank sharply 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 Japan ($56 per unit) and China ($56 per unit), while the price for India ($55 per unit) and Russia ($56 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Starter Motor Price in Vietnam (FOB) - 2022
In 2022, the average starter motor export price amounted to $42 per unit, picking up by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2015 an increase of 51%. Over the period under review, the average export prices attained the peak figure at $47 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($45 per unit) and Singapore ($45 per unit), while the average price for exports to Indonesia ($42 per unit) and Brazil ($42 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Starter Motor Imports in Vietnam
Starter motor imports into Vietnam skyrocketed to 297K units in 2022, rising by 30% against 2021. In general, imports, however, continue to indicate a perceptible descent. Over the period under review, imports hit record highs at 365K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, starter motor imports dropped to $17M in 2022. Overall, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Over the period under review, imports hit record highs at $20M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Starter Motor in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.6 | 5.8 | 6.5 | 5.8 | 1.2% |
| South Korea | 4.2 | 3.5 | 4.3 | 3.8 | -3.3% |
| Japan | 3.4 | 1.9 | 2.6 | 2.3 | -12.2% |
| Indonesia | 1.9 | 2.1 | 1.7 | 1.7 | -3.6% |
| Thailand | 1.3 | 0.7 | 1.0 | 0.9 | -11.5% |
| Russia | 0.1 | 0.1 | 0.9 | 0.8 | 100.0% |
| India | 0.8 | 0.4 | 0.4 | 0.5 | -14.5% |
| United Kingdom | 1.1 | N/A | N/A | 0.3 | -35.2% |
| Others | 1.3 | 0.9 | 0.6 | 0.8 | -14.9% |
| Total | 19.8 | 15.5 | 18.0 | 16.8 | -5.3% |
Top Suppliers of Starter Motor to Vietnam in 2022:
- China (102.4K units)
- South Korea (67.3K units)
- Japan (40.9K units)
- Indonesia (29.7K units)
- Thailand (15.3K units)
- Russia (13.7K units)
- India (8.4K units)
- United Kingdom (5.7K units)
Starter Motor Exports in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of starter motors and dual purpose starter generators, when their volume decreased by -20.3% to 95K units. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 68%. As a result, the exports reached the peak of 119K units, and then dropped markedly in the following year.
In value terms, starter motor exports declined remarkably to $4M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of $4.9M, and then shrank sharply in the following year.
| Export of Starter Motor in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 927 | 1,427 | 1,884 | 1,578 | 19.4% |
| Brazil | 787 | 834 | 1,282 | 1,074 | 10.9% |
| Thailand | 111 | 652 | 971 | 813 | 94.2% |
| Malaysia | 8.4 | 15.5 | 345 | 289 | 225.2% |
| Indonesia | 136 | 138 | 185 | 155 | 4.5% |
| Philippines | 161 | 19.8 | 13.8 | 53.7 | -30.6% |
| Italy | 333 | N/A | N/A | N/A | 0% |
| Others | 120 | 69.4 | 179 | 44.2 | -28.3% |
| Total | 2,584 | 3,155 | 4,861 | 4,008 | 15.8% |
Top Export Markets for Starter Motor from Vietnam in 2022:
- Japan (37.5K units)
- Brazil (25.5K units)
- Thailand (19.3K units)
- Malaysia (6.9K units)
- Indonesia (3.7K units)
- Philippines (1.2K units)
This report provides an in-depth analysis of the starter motor 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 29312230 - Starter motors and dual-purpose starter-generators
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.
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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
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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
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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
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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
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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
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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
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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
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