Vietnam: Capacitor Market 2024

Capacitor Market Size in Vietnam

After two years of growth, the Vietnamese capacitor market decreased by X% to $X in 2022. In general, consumption, however, saw a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Capacitor Exports

Exports from Vietnam

For the fifth year in a row, Vietnam recorded growth in shipments abroad of electrical capacitors, which increased by X% to X units in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, capacitor exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X units) was the main destination for capacitor exports from Vietnam, accounting for a X% share of total exports. Moreover, capacitor exports to China exceeded the volume sent to the second major destination, Brazil (X units), threefold. South Korea (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and South Korea (X% per year).

In value terms, China ($X), South Korea ($X) and Brazil ($X) constituted the largest markets for capacitor exported from Vietnam worldwide, with a combined X% share of total exports. India, Indonesia, Malaysia and Egypt lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 capacitor export price amounted to less than $X per unit, with a decrease of X% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

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Capacitor Imports

Imports into Vietnam

In 2022, overseas purchases of electrical capacitors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, capacitor imports dropped to $X in 2022. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

China (X units), Japan (X units) and South Korea (X units) were the main suppliers of capacitor imports to Vietnam, together accounting for X% of total imports. Taiwan (Chinese), the Philippines, Malaysia and Singapore lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest capacitor suppliers to Vietnam were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports. Taiwan (Chinese), the Philippines, Malaysia and Singapore lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average capacitor import price stood at $X per thousand units in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a pronounced expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per thousand units in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($X per thousand units) and China ($X per thousand units), while the price for Singapore ($X per thousand units) and Japan ($X per thousand units) were amongst the lowest.

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

Source: IndexBox Platform

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