Report Update Apr 1, 2024

Vietnam - Electrical Apparatus for Circuit Connection, Switching and Protection - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Vietnam

In 2021, the Vietnamese electrical circuit apparatus market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, enjoyed pronounced growth. Electrical circuit apparatus consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Electrical Circuit Apparatus Production in Vietnam

In value terms, electrical circuit apparatus production totaled $X in 2021 estimated in export price. Overall, production enjoyed notable growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports from Vietnam

Electrical circuit apparatus exports from Vietnam soared to X units in 2021, growing by X% against the previous year. In general, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports shrank to $X in 2021. Over the period under review, exports enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for electrical circuit apparatus exports from Vietnam, with a X% share of total exports. Moreover, electrical circuit apparatus exports to the United Arab Emirates exceeded the volume sent to the second major destination, Myanmar (X units), eightfold. South Korea (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and South Korea (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for electrical apparatus for circuit connection, switching and protection exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Myanmar (X% per year).

Export Prices by Country

The average electrical circuit apparatus export price stood at $X per unit in 2021, which is down by X% against the previous year. Overall, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per unit, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

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

Electrical Circuit Apparatus Imports

Imports into Vietnam

In 2021, imports of electrical apparatus for circuit connection, switching and protection into Vietnam shrank significantly to X units, which is down by X% against the previous year. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, electrical circuit apparatus imports dropped slightly to $X in 2021. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2020, and then fell modestly in the following year.

Imports by Country

The United Arab Emirates (X units), China (X units) and South Korea (X units) were the main suppliers of electrical circuit apparatus imports to Vietnam, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Vietnam, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per unit in 2021, increasing by X% against the previous year. In general, the import price posted temperate growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical apparatus for circuit connection, switching and protection in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, with a combined 42% share of global consumption. Mexico, Japan, Indonesia, South Korea, Hungary, Italy, Germany, Brazil and the Philippines lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of electrical apparatus for circuit connection, switching and protection in the world?

The country with the largest volume of electrical circuit apparatus production was China, comprising approx. 39% of total volume. Moreover, electrical circuit apparatus production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was taken by India, with an 11% share.

What are the leading suppliers of electrical apparatus for circuit connection, switching and protection to Vietnam?

In value terms, the United Arab Emirates constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Vietnam, comprising 79% of total imports. The second position in the ranking was taken by China, with a 7.5% share of total imports. It was followed by South Korea, with a 3.9% share.

What are the leading importers of electrical apparatus for circuit connection, switching and protection from Vietnam?

In value terms, the United Arab Emirates emerged as the key foreign market for electrical apparatus for circuit connection, switching and protection exports from Vietnam, comprising 61% of total exports. The second position in the ranking was held by the United States, with a 6.6% share of total exports. It was followed by Myanmar, with a 5.9% share.

What is the average export price for electrical apparatus for circuit connection, switching and protection in Vietnam?

The average electrical circuit apparatus export price stood at $28 per unit in 2021, falling by -44.9% against the previous year.

What is the average import price for electrical apparatus for circuit connection, switching and protection in Vietnam?

In 2021, the average electrical circuit apparatus import price amounted to $71 per unit, jumping by 78% against the previous year.

This report provides an in-depth analysis of the electrical circuit apparatus market 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 27121010 - Fuses for a voltage > 1 kV
Prodcom 27121020 - Automatic circuit breakers
Prodcom 27121030 - Isolating switches and make-and-break switches
Prodcom 27121040 - Lightning arresters, voltage limiters and surge suppressors for a voltage > 1 kV
Prodcom 27121090 - Other apparatus for switching... electrical circuits > 1 .000 V
Prodcom 27122130 - Fuses for a voltage . 1 kV and for a current . .10 A
Prodcom 27122150 - Fuses for a voltage . 1 kV and for a current > .10 A but . .63 A
Prodcom 27122170 - Fuses for a voltage . 1 kV and for a current > .63 A
Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
Prodcom 27122250 - Automatic circuit breakers for a voltage . 1 kV and for a current > .63 A
Prodcom 27122330 - Electrical apparatus for protecting electrical circuits for a voltage . 1 kV and a current . .16 A (excluding fuses, a utomatic circuit breakers)
Prodcom 27122350 - Electrical apparatus for protecting electrical circuits for a voltage . 1 kV and for a current > .16 A but . .125 A (excluding fuses, automatic circuit breakers)
Prodcom 27122370 - Electrical apparatus for protecting electrical circuits for a voltage . 1 kV and for a current > .125 A (excluding fuses, a utomatic circuit breakers)
Prodcom 27122433 - Relays for a voltage . .60 V and for a current . 2 A
Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV
Prodcom 27331100 - Electrical apparatus for switching electrical circuits for a voltage . 1 kV (including push-button and rotary switches) (excluding relays)
Prodcom 27331200 - Lamp-holders for a voltage . 1 kV
Prodcom 27331310 - Plugs and sockets for coaxial cables for a voltage . 1 kV
Prodcom 27331330 - Plugs and sockets for printed circuits for a voltage . 1 kV
Prodcom 27331350 - Plugs and sockets for a voltage . 1 kV (excluding for coaxial cables, for printed circuits)
Prodcom 27331360 - Prefabricated elements for electrical circuits for a voltage . 1 kV
Prodcom 27331370 - Connections and contact elements for wires and cables for a voltage . 1 kV
Prodcom 27331380 - Other apparatus for connections to or in electrical circuit, v oltage . 1 .000 V

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023