Vietnam: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Vietnam

After two years of growth, the Vietnamese market for electric generating sets and rotary converters decreased by X% to $X in 2021. In general, consumption showed a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Electric Generating Sets And Rotary Converters in Vietnam

In value terms, production of electric generating sets and rotary converters contracted notably to $X in 2021 estimated in export price. Overall, production recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Production of peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

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Exports of Electric Generating Sets And Rotary Converters

Exports from Vietnam

In 2021, shipments abroad of electric generating sets and rotary converters decreased by X% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X units in 2020, and then dropped remarkably in the following year.

In value terms, exports of electric generating sets and rotary converters expanded modestly to $X in 2021. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Switzerland (X units), the United States (X units) and Malaysia (X units) were the main destinations of exports of electric generating sets and rotary converters from Vietnam, together comprising X% of total exports.

From 2012 to 2020, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electric generating sets and rotary converters exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2020, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced a decline.

Imports of Electric Generating Sets And Rotary Converters

Imports into Vietnam

After three years of growth, overseas purchases of electric generating sets and rotary converters decreased by X% to X units in 2021. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X units in 2020, and then declined rapidly in the following year.

In value terms, imports of electric generating sets and rotary converters fell remarkably to $X in 2021. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2020, and then plummeted in the following year.

Imports by Country

In 2020, China (X units) constituted the largest supplier of electric generating set and rotary converter to Vietnam, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. Germany (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2020, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

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

From 2012 to 2020, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, falling by X% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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