Vietnam: Centrifuges Market 2024

Centrifuges Market Size in Vietnam

The Vietnamese centrifuges market shrank modestly to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Centrifuges Exports

Exports from Vietnam

In 2022, after two years of growth, there was significant decline in shipments abroad of centrifuges, when their volume decreased by X% to X units. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then contracted rapidly in the following year.

In value terms, centrifuges exports fell markedly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X units), South Korea (X units) and Cambodia (X units) were the main destinations of centrifuges exports from Vietnam, together accounting for X% of total exports. Cote d'Ivoire lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for centrifuges exported from Vietnam were South Korea ($X), Lao People's Democratic Republic ($X) and Cambodia ($X), together accounting for X% of total exports. Cote d'Ivoire lagged somewhat behind, comprising a further X%.

In terms of the main countries of destination, Cote d'Ivoire, 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

In 2022, the average centrifuges export price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained 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 Cote d'Ivoire ($X per unit) and Cambodia ($X per unit), while the average price for exports to Lao People's Democratic 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 recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifuges Imports

Imports into Vietnam

In 2022, centrifuges imports into Vietnam shrank to X units, waning by X% compared with the previous year's figure. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, centrifuges imports contracted modestly to $X in 2022. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of centrifuges to Vietnam, accounting for a X% share of total imports. Moreover, centrifuges imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Thailand (X units), 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: Germany (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of centrifuges to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Thailand (X% per year).

Import Prices by Country

The average centrifuges import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2015; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Switzerland ($X per unit) and Japan ($X per unit), while the price for the United States ($X per unit) and Italy ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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