Vietnam: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Vietnam

The Vietnamese meat-preparation industrial machinery market skyrocketed to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a temperate increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from Vietnam

In 2022, overseas shipments of industrial machinery for the preparation of meat or poultry were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, meat-preparation industrial machinery exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X units) was the main destination for meat-preparation industrial machinery exports from Vietnam, with a X% share of total exports. Moreover, meat-preparation industrial machinery exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X units), tenfold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Thailand (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for industrial machinery for the preparation of meat or poultry exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Thailand (X% per year).

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Switzerland ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Vietnam

Meat-preparation industrial machinery imports into Vietnam surged to X units in 2022, rising by X% compared with 2021 figures. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, meat-preparation industrial machinery imports soared to $X in 2022. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Austria (X units) and Germany (X units) were the main suppliers of meat-preparation industrial machinery imports to Vietnam, with a combined X% share of total imports. The Netherlands, Thailand, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Austria ($X) constituted the largest meat-preparation industrial machinery suppliers to Vietnam, with a combined X% share of total imports. The Netherlands, Thailand, Taiwan (Chinese) and France lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, 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

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and Thailand ($X per unit), while the price for France ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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