Report Update: May 1, 2024

Vietnam - Thermoforming Machines For Working Rubber Or Plastics - Market Analysis, Forecast, Size, Trends And Insights

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Thermoforming Machine Price in Vietnam - 2022

Thermoforming Machine Price in Vietnam (CIF) - 2022

In 2022, the average thermoforming machine import price amounted to $20,298 per unit, rising by 29% against the previous year. Overall, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 74%. The import price peaked at $51,447 per unit in 2017; however, from 2018 to 2022, import prices stood 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 ($24,341 per unit), while the price for the Netherlands ($1,854 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.1%), while the prices for the other major suppliers experienced a decline.

Thermoforming Machine Price in Vietnam (FOB) - 2022

In 2022, the average thermoforming machine export price amounted to $4,660 per unit, waning by -15% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, thermoforming machine export price decreased by -20.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 101% against the previous year. Over the period under review, the average export prices reached the maximum at $5,880 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 ($5,757 per unit), while the average price for exports to Japan ($1,020 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 Hong Kong SAR (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Thermoforming Machine Imports in Vietnam

In 2022, the amount of thermoforming machines for working rubber or plastics imported into Vietnam reduced rapidly to 1.9K units, with a decrease of -27.2% on the previous year's figure. Over the period under review, imports recorded a slight shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 69%. As a result, imports attained the peak of 2.6K units, and then dropped sharply in the following year.

In value terms, thermoforming machine imports fell to $39M in 2022. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 13%. Over the period under review, imports reached the maximum at $56M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Thermoforming Machine in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	27.4	16.8	15.8	26.8	-0.7%
Taiwan (Chinese)	9.0	10.2	9.5	4.3	-21.8%
Japan	5.4	0.2	6.2	2.9	-18.7%
South Korea	4.5	3.6	3.2	1.7	-27.7%
Germany	7.8	0.4	N/A	0.2	-70.5%
Netherlands	0.1	0.1	0.3	0.1	0.0%
Others	1.9	4.8	5.9	2.4	8.1%
Total	56.2	36.2	40.9	38.5	-11.8%

Top Suppliers of Thermoforming Machine to Vietnam in 2022:

China (1103.0 units)
Taiwan (Chinese) (406.0 units)
Japan (168.0 units)
South Korea (98.0 units)
Netherlands (61.0 units)
Germany (24.0 units)

Thermoforming Machine Exports in Vietnam

In 2022, after two years of decline, there was significant growth in shipments abroad of thermoforming machines for working rubber or plastics, when their volume increased by 67% to 60 units. Over the period under review, exports, however, showed a deep setback. The exports peaked at 89 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, thermoforming machine exports soared to $277K in 2022. Overall, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at $526K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Thermoforming Machine in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	90.7	84.4	47.2	59.5	-13.1%
Hong Kong SAR	76.8	57.4	38.4	57.7	-9.1%
South Korea	67.4	59.6	23.1	33.3	-20.9%
Philippines	54.1	36.9	22.5	30.9	-17.0%
Singapore	30.5	22.8	15.3	23.0	-9.0%
Lao People's Democratic Republic	56.3	5.6	13.3	16.8	-33.2%
Indonesia	18.3	13.7	9.2	13.8	-9.0%
Cambodia	15.3	21.4	4.5	9.1	-15.9%
China	38.9	7.7	4.3	5.4	-48.2%
Myanmar	4.6	4.0	2.2	2.8	-15.3%
Others	72.7	46.5	14.7	25.1	-29.8%
Total	526	360	195	277	-19.2%

Top Export Markets for Thermoforming Machine from Vietnam in 2022:

India (12.0 units)
Hong Kong SAR (12.0 units)
South Korea (7.0 units)
Singapore (5.0 units)
Philippines (5.0 units)
Lao People's Democratic Republic (4.0 units)
Indonesia (4.0 units)
Cambodia (3.0 units)
Myanmar (2.0 units)
China (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the thermoforming machine 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 28961050 - Vacuum-moulding machines and other thermoforming machines for working rubber or plastics or for manufacturing rubber or plastic products

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