Vietnam: Ecg Market 2024

Ecg Market Size in Vietnam

In 2022, the Vietnamese ECG market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a slight downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Ecg Exports

Exports from Vietnam

ECG exports from Vietnam fell rapidly to X units in 2022, waning by X% on the previous year's figure. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ECG exports contracted markedly to $X in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for ECG exports from Vietnam, with a X% share of total exports. Moreover, ECG exports to China exceeded the volume sent to the second major destination, Germany (X units), fourfold. Lao People's Democratic Republic (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, China ($X) emerged as the key foreign market for electro-cardiographs exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

The average ECG export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 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 China ($X per unit), while the average price for exports to Germany ($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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Ecg Imports

Imports into Vietnam

In 2022, overseas purchases of electro-cardiographs decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ECG imports declined to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Japan (X units) and China (X units) were the main suppliers of ECG imports to Vietnam, with a combined X% share of total imports. Malaysia, South Korea, Bulgaria, Germany and Switzerland lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Japan ($X) and China ($X) constituted the largest ECG suppliers to Vietnam, together comprising X% of total imports. Malaysia, South Korea, Bulgaria, Germany and Switzerland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ECG import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :