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Report Update: Dec 1, 2023

Vietnam - Domestic Electro-Thermic Appliances (excl Toasters and Coffee Machines) - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Market for Domestic Electro-Thermic Appliances (excl Toasters and Coffee Machines) 2023

Market Size for Domestic Electro-Thermic Appliances (excl Toasters and Coffee Machines) in Vietnam

The Vietnamese market for domestic electro-thermic appliances (excl toasters and coffee machines) declined slightly to $X in 2021, shrinking by -2.1% against the previous year. Overall, consumption saw a mild reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Domestic Electro-Thermic Appliances (excl Toasters and Coffee Machines) in Vietnam

In value terms, production of domestic electro-thermic appliances (excl toasters and coffee machines) dropped slightly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 116% against the previous year. Over the period under review, production of reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Domestic Electro-Thermic Appliances (excl Toasters and Coffee Machines)

Exports from Vietnam

In 2021, overseas shipments of domestic electro-thermic appliances (excl toasters and coffee machines) increased by 9% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, exports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 44% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of domestic electro-thermic appliances (excl toasters and coffee machines) declined to $X in 2021. In general, exports posted a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 33% against the previous year. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

The United Arab Emirates (X units) and Myanmar (X units) were the main destinations of exports of domestic electro-thermic appliances (excl toasters and coffee machines) from Vietnam.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +127.8%).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for domestic electro-thermic appliances (excl toasters and coffee machines) exports from Vietnam, comprising 90% of total exports. The second position in the ranking was held by Myanmar ($X), with a 9.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +41.4%.

Export Prices by Country

The average export price for domestic electro-thermic appliances (excl toasters and coffee machines) stood at $X per unit in 2021, which is down by -19.8% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 127% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Myanmar stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Domestic Electro-Thermic Appliances (excl Toasters and Coffee Machines)

Imports into Vietnam

In 2021, the amount of domestic electro-thermic appliances (excl toasters and coffee machines) imported into Vietnam expanded notably to X units, with an increase of 9.7% compared with the year before. Overall, imports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of 144%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of domestic electro-thermic appliances (excl toasters and coffee machines) stood at $X in 2021. Over the period under review, imports showed a temperate expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 229% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Myanmar (X units) was the main domestic electro-thermic appliances (excl toasters and coffee machines) supplier to Vietnam, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Myanmar was relatively modest.

In value terms, Myanmar ($X) constituted the largest supplier of domestic electro-thermic appliances (excl toasters and coffee machines) to Vietnam.

From 2012 to 2021, the average annual growth rate of value from Myanmar was relatively modest.

Import Prices by Country

In 2021, the average import price for domestic electro-thermic appliances (excl toasters and coffee machines) amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 75%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +11.0% per year.

Source: IndexBox Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for domestic electro-thermic appliances in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and Russia, together accounting for 48% of global consumption. India, Japan, Germany, Thailand, the UK, South Korea, Brazil, France, Turkey and Italy lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of domestic electro-thermic appliances in the world?

The country with the largest volume of domestic electro-thermic appliances production was China, accounting for 69% of total volume. Moreover, domestic electro-thermic appliances production in China exceeded the figures recorded by the second-largest producer, the United States, more than tenfold. The third position in this ranking was taken by India, with a 2.7% share.

What are the leading suppliers of domestic electro-thermic appliances to Vietnam?

In value terms, China constituted the largest supplier of domestic electro-thermic appliances to Vietnam, comprising 64% of total imports. The second position in the ranking was held by the United Arab Emirates, with a 9.1% share of total imports. It was followed by Malaysia, with a 7.3% share.

What are the leading importers of domestic electro-thermic appliances from Vietnam?

In value terms, Myanmar emerged as the key foreign market for domestic electro-thermic appliances exports from Vietnam, comprising 40% of total exports. The second position in the ranking was taken by Indonesia, with a 16% share of total exports. It was followed by the United States, with an 8% share.

What is the average export price for domestic electro-thermic appliances in Vietnam?

The average domestic electro-thermic appliances export price stood at $25 per unit in 2022, reducing by -63.7% against the previous year.

What is the average import price for domestic electro-thermic appliances in Vietnam?

The average domestic electro-thermic appliances import price stood at $47 per unit in 2022, falling by -5.1% against the previous year.

This report provides an in-depth analysis of the market for domestic electro-thermic appliances (excl toasters and coffee machines) 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 27512490 - Electro-thermic appliances, for domestic use (excluding hairdressing appliances and hand dryers, space-heating and soil-heating apparatus, water heaters, immersion heaters, s moothing irons, microwave ovens, ovens, cookers, cooking plates, boiling rings, grillers, roasters, coffee makers, tea makers and toasters)

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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2022
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 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption In 2012-2022
5. Imports, In Physical Terms, By Country, 2012–2022
6. Imports, In Value Terms, By Country, 2012–2022
7. Import Prices, By Country Of Origin, 2012–2022
8. Exports, In Physical Terms, By Country, 2012–2022
9. Exports, In Value Terms, By Country, 2012–2022
10. Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
5. Trade Balance, In Physical Terms, 2012-2022
6. Trade Balance, In Value Terms, 2012-2022
7. Per Capita Consumption, 2012-2022
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, 2012–2022
22. Production, In Value Terms, 2012–2022
23. Imports, In Physical Terms, 2012–2022
24. Imports, In Value Terms, 2012–2022
25. Imports, In Physical Terms, By Country, 2022
26. Imports, In Physical Terms, By Country, 2012–2022
27. Imports, In Value Terms, By Country, 2012–2022
28. Import Prices, By Country Of Origin, 2012–2022
29. Exports, In Physical Terms, 2012–2022
30. Exports, In Value Terms, 2012–2022
31. Exports, In Physical Terms, By Country, 2022
32. Exports, In Physical Terms, By Country, 2012–2022
33. Exports, In Value Terms, By Country, 2012–2022
34. Export Prices, By Country Of Destination, 2012–2022