Report Update: May 1, 2024

Vietnam - Wheeled Loaders, Crawler Shovel Loaders, Front-End Loaders - Market Analysis, Forecast, Size, Trends And Insights

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Wheeled Loader Price in Vietnam - 2022

Wheeled Loader Price in Vietnam (CIF) - 2022

The average wheeled loader import price stood at $52,357 per unit in 2022, shrinking by -12.7% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 631% against the previous year. Over the period under review, average import prices reached the peak figure at $309,684 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($63,508 per unit), while the price for China ($51,378 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Wheeled Loader Price in Vietnam (FOB) - 2022

In December 2022, the average wheeled loader export price amounted to $46,544 per unit, standing approximately at the previous month. Over the period under review, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in June 2022 an increase of 0.1% against the previous month. Over the period under review, the average export prices hit record highs at $60,499 per unit in December 2021; however, from January 2022 to December 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In December 2022, the countries with the highest prices were Egypt ($46,584 per unit) and the Philippines ($46,563 per unit), while the average price for exports to Canada ($46,521 per unit) and the United Arab Emirates ($46,525 per unit) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports in Vietnam

For the fourth consecutive year, Vietnam recorded growth in purchases abroad of wheeled loaders, crawler shovel loaders, front-end loaders, which increased by 8.9% to 1.2K units in 2022. The total import volume increased at an average annual rate of +12.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, wheeled loader imports declined to $65M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 24%. Over the period under review, imports reached the peak figure at $68M in 2021, and then fell modestly in the following year.

Import of Wheeled Loader in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	39.0	47.3	54.1	51.1	9.4%
Japan	5.8	7.0	8.3	8.9	15.3%
South Korea	0.4	2.7	2.2	1.8	65.1%
Others	4.5	4.5	3.5	3.0	-12.6%
Total	49.6	61.4	68.1	64.7	9.3%

Top Suppliers of Wheeled Loader to Vietnam in 2022:

China (994.0 units)
Japan (140.0 units)
South Korea (28.0 units)

Wheeled Loader Exports in Vietnam

In 2022, shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders decreased by -25.5% to 73 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 197% against the previous year. As a result, the exports attained the peak of 98 units, and then reduced dramatically in the following year.

In value terms, wheeled loader exports reduced remarkably to $2.7M in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 159%. As a result, the exports reached the peak of $3.9M, and then declined sharply in the following year.

Export of Wheeled Loader in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lao People's Democratic Republic	93.5	218	818	875	110.7%
Cambodia	317	325	300	421	9.9%
Iraq	11.0	15.4	270	289	197.3%
Mozambique	13.2	121	190	203	148.7%
Pakistan	8.6	26.3	149	159	164.4%
Taiwan (Chinese)	5.6	92.8	142	152	200.5%
United Arab Emirates	5.5	221	72.4	121	180.2%
China	101	12.3	109	117	5.0%
Egypt	49.2	183	1,580	67.5	11.1%
France	26.0	41.1	48.3	51.7	25.7%
Bangladesh	30.4	24.6	8.8	30.6	0.2%
Canada	5.8	38.6	29.4	14.4	35.4%
Angola	289	N/A	N/A	N/A	0%
Others	360	177	149	180	-20.6%
Total	1,315	1,496	3,867	2,681	26.8%

Top Export Markets for Wheeled Loader from Vietnam in 2022:

Lao People's Democratic Republic (17.0 units)
Pakistan (13.0 units)
Cambodia (9.0 units)
Iraq (7.0 units)
United Arab Emirates (4.0 units)
Mozambique (4.0 units)
China (4.0 units)
Taiwan (Chinese) (3.0 units)
Bangladesh (2.0 units)
France (2.0 units)
Canada (1.0 units)
Egypt (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wheeled loader 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 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders

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