Vietnam: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Vietnam

The Vietnamese market for central heating boilers, for producing hot water or low pressure steam soared to $X in 2022, jumping by X% against the previous year. Overall, consumption continues to indicate temperate growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Vietnam

In value terms, production of central heating boilers, for producing hot water or low pressure steam skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Vietnam

Exports of central heating boilers, for producing hot water or low pressure steam from Vietnam expanded markedly to X units in 2022, surging by X% against the year before. Over the period under review, exports showed a slight increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam expanded sharply to $X in 2022. Overall, exports saw notable growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Vietnam, with a X% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to Ghana exceeded the volume sent to the second major destination, Cambodia (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana was relatively modest.

In value terms, Ghana ($X) emerged as the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana was relatively modest.

Export Prices by Country

In 2022, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, flattening at the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while the average price for exports to Ghana amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Vietnam

In 2022, supplies from abroad of central heating boilers, for producing hot water or low pressure steam decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam dropped rapidly to $X in 2022. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Vietnam, accounting for a X% share of total imports. Moreover, imports of central heating boilers, for producing hot water or low pressure steam from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. The third position in this ranking was held by the Netherlands (X units), with an 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 the Netherlands (X% per year).

In value terms, China ($X) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Vietnam, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 the Netherlands (X% per year).

Import Prices by Country

The average import price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for central heating boilers, for producing hot water or low pressure steam decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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