Vietnam: Blow Lamp Market 2024

Blow Lamp Market Size in Vietnam

The Vietnamese blow lamp market surged to $X in 2022, picking up by X% against the previous year. In general, consumption, however, continues to indicate a noticeable contraction. Blow lamp consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Blow Lamp Production in Vietnam

In value terms, blow lamp production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Blow lamp production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Blow Lamp Exports

Exports from Vietnam

In 2022, shipments abroad of blow lamps decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, blow lamp exports declined significantly to $X in 2022. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Exports by Country

The Netherlands (X tons), Japan (X tons) and Australia (X tons) were the main destinations of blow lamp exports from Vietnam, with a combined X% share of total exports. Indonesia, South Korea, the Czech Republic and Russia lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Japan ($X) and Australia ($X) constituted the largest markets for blow lamp exported from Vietnam worldwide, with a combined X% share of total exports. Indonesia, South Korea, the Czech Republic and Russia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average blow lamp export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Russia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Blow Lamp Imports

Imports into Vietnam

In 2022, overseas purchases of blow lamps increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, blow lamp imports surged to $X in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of blow lamp to Vietnam, accounting for a X% share of total imports. Moreover, blow lamp imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X kg), more than tenfold. Japan (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of blow lamps to Vietnam, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The average blow lamp import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Japan ($X per ton), while the price for Sweden ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform