Report Update: May 1, 2024

Vietnam - Instruments And Apparatus For Measuring Or Checking Pressure Of Liquids Or Gasses - Market Analysis, Forecast, Size, Trends and Insights

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Test and Measurement Price in Vietnam - 2021

Test and Measurement Price in Vietnam (FOB) - 2022

The average test and measurement export price stood at $7.3 per unit in 2022, with a decrease of -13.9% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum at $31 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($13 per unit), while the average price for exports to Turkey ($0.4 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 Argentina (-5.4%), while the prices for the other major destinations experienced a decline.

Test and Measurement Price in Vietnam (CIF) - 2022

In 2022, the average test and measurement import price amounted to $9.7 per unit, growing by 22% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The import price peaked at $48 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6.4 per unit), while the price for Thailand ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.9%), while the prices for the other major suppliers experienced a decline.

Test and Measurement Exports in Vietnam

Test and measurement exports from Vietnam soared to 5.5M units in 2022, increasing by 38% against 2021. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 148%. As a result, the exports reached the peak of 7M units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, test and measurement exports skyrocketed to $40M in 2022. Overall, exports, however, saw a mild slump. Over the period under review, the exports hit record highs at $47M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Export of Test and Measurement in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	10.2	1,361	1,721	3,036	567.7%
Italy	0.6	1,404	842	1,485	1252.7%
Turkey	1,243	2,351	839	1,303	1.6%
Canada	0.9	1.3	129	378	648.9%
Argentina	163	185	108	189	5.1%
Russia	11.9	0.7	94.6	144	129.6%
Others	40,576	41,248	29,878	33,544	-6.1%
Total	42,006	46,551	33,611	40,081	-1.6%

Top Export Markets for Test and Measurement from Vietnam in 2022:

Turkey (3287.7K units)
Italy (623.8K units)
Canada (560.1K units)
Argentina (310.4K units)
Mexico (238.2K units)
Russia (208.3K units)

Test and Measurement Imports in Vietnam

After three years of growth, purchases abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -19.4% to 6.5M units in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 266% against the previous year. Imports peaked at 8.1M units in 2021, and then shrank sharply in the following year.

In value terms, test and measurement imports fell slightly to $63M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 70%. Over the period under review, imports reached the maximum at $64M in 2021, and then reduced slightly in the following year.

Import of Test and Measurement in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2.5	4.5	5.0	11.6	66.8%
China	9.8	8.7	10.2	9.3	-1.7%
Italy	0.4	0.9	0.9	0.5	7.7%
Thailand	0.3	0.5	0.6	0.5	18.6%
Others	23.7	47.8	47.5	41.4	20.4%
Total	36.8	62.4	64.2	63.3	19.8%

Top Suppliers of Test and Measurement to Vietnam in 2022:

China (3.6M units)
Germany (1.8M units)
Thailand (0.8M units)
Italy (0.1M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the test and measurement 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 26515271 - Electronic pressure gauges, sensors, indicators and transmitters
Prodcom 26515274 - Non-electronic spiral or metal diaphragm type pressure gauges
Prodcom 26515279 - Other instruments for measuring or checking pressure: others

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