Vietnam: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Vietnam

In 2022, the Vietnamese injection-moulding machine market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, posted prominent growth. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Injection-Moulding Machine Exports

Exports from Vietnam

In 2022, approx. X units of injection-moulding machines for working rubber or plastics were exported from Vietnam; reducing by X% compared with 2021 figures. Overall, exports saw a noticeable curtailment. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, injection-moulding machine exports shrank slightly to $X in 2022. In general, exports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), Indonesia (X units) and South Korea (X units) were the main destinations of injection-moulding machine exports from Vietnam, together accounting for X% of total exports.

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

In value terms, the largest markets for injection-moulding machine exported from Vietnam were China ($X), Indonesia ($X) and South Korea ($X), together accounting for X% of total exports. Cambodia, Chile, Hong Kong SAR, India, Lao People's Democratic Republic and Singapore lagged somewhat behind, together comprising a further X%.

Lao People's Democratic Republic, with a CAGR of X%, recorded 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

The average injection-moulding machine export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Singapore ($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 Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Injection-Moulding Machine Imports

Imports into Vietnam

In 2022, approx. X units of injection-moulding machines for working rubber or plastics were imported into Vietnam; with a decrease of X% on 2021. In general, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, injection-moulding machine imports declined to $X in 2022. Overall, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest injection-moulding machine supplier to Vietnam, with a X% share of total imports. Moreover, injection-moulding machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of injection-moulding machines for working rubber or plastics to Vietnam, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average injection-moulding machine import price amounted to $X per unit, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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