Vietnam - Machines For Working Wire - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWorking Wire Machine Price in Vietnam - 2022
Contents:
- Working Wire Machine Price in Vietnam (CIF) - 2022
- Working Wire Machine Price in Vietnam (FOB) - 2022
- Working Wire Machine Imports in Vietnam
- Working Wire Machine Exports in Vietnam
Working Wire Machine Price in Vietnam (CIF) - 2022
In December 2022, the average working wire machine import price amounted to $39,056 per unit, remaining relatively unchanged against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 18% m-o-m. Over the period under review, average import prices reached the maximum at $39,058 per unit in June 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Japan ($39,086 per unit) and Italy ($39,060 per unit), while the price for China ($39,055 per unit) and Taiwan (Chinese) ($39,056 per unit) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Working Wire Machine Price in Vietnam (FOB) - 2022
In 2022, the average working wire machine export price amounted to $29,906 per unit, falling by -3% against the previous year. In general, the export price, however, posted a tangible increase. The most prominent rate of growth was recorded in 2020 an increase of 62%. Over the period under review, the average export prices reached the peak figure at $32,855 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +155.6% per year.
Working Wire Machine Imports in Vietnam
In 2022, approx. 704 units of machines for working wire were imported into Vietnam; approximately mirroring the year before. Overall, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 59%. Imports peaked at 956 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, working wire machine imports reduced to $12M in 2022. In general, imports, however, faced a significant decrease. The growth pace was the most rapid in 2021 with an increase of 13%. Imports peaked at $35M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Working Wire Machine in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.3 | 5.8 | 6.4 | 5.2 | -26.9% |
Japan | 16.4 | 2.2 | 1.7 | 4.5 | -35.0% |
Taiwan (Chinese) | 1.4 | 1.8 | 1.6 | 1.0 | -10.6% |
Italy | 2.3 | 0.5 | 1.1 | 0.8 | -29.7% |
South Korea | 0.3 | 1.0 | 1.3 | 0.8 | 38.7% |
Germany | 0.8 | 0.2 | N/A | 0.2 | -37.0% |
Others | 0.1 | 0.2 | 1.1 | N/A | 231.7% |
Total | 34.6 | 11.7 | 13.3 | 12.5 | -28.8% |
Top Suppliers of Working Wire Machine to Vietnam in 2022:
- China (294.0 units)
- Japan (251.0 units)
- Taiwan (Chinese) (55.0 units)
- Italy (46.0 units)
- South Korea (44.0 units)
- Germany (12.0 units)
Working Wire Machine Exports in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of machines for working wire, when their volume decreased by -20% to 16 units. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 275%. The exports peaked at 20 units in 2021, and then declined notably in the following year.
In value terms, working wire machine exports contracted dramatically to $478K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 432%. The exports peaked at $617K in 2021, and then contracted remarkably in the following year.
Export of Working Wire Machine in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 27.5 | 4.7 | 46.7 | 478 | 159.0% |
Japan | 30.7 | N/A | 3.6 | N/A | -65.8% |
United States | N/A | 311 | 553 | N/A | 77.8% |
India | 5.5 | N/A | N/A | N/A | 0% |
Myanmar | N/A | 0.9 | N/A | N/A | 0% |
Lao People's Democratic Republic | 0.4 | 11.2 | N/A | N/A | 2700.0% |
Others | N/A | 12.0 | 13.9 | N/A | 15.8% |
Total | 64.0 | 340 | 617 | 478 | 95.5% |
Top Export Markets for Working Wire Machine from Vietnam in 2022:
- China (16.0 units)
This report provides an in-depth analysis of the working wire 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 28413450 - Machines for working wire (excluding draw-benches, thread rolling machines)
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
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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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