Vietnam: Water Filter Market 2024

Water Filter Market Size in Vietnam

The Vietnamese water filter market expanded markedly to $X in 2022, with an increase of X% against the previous year. In general, consumption recorded buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Water Filter Production in Vietnam

In value terms, water filter production surged to $X in 2022 estimated in export price. Overall, production saw a pronounced increase. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Water Filter Exports

Exports from Vietnam

After three years of growth, shipments abroad of machinery for filtering or purifying water decreased by X% to X units in 2022. In general, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, water filter exports expanded remarkably to $X in 2022. Overall, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Saudi Arabia (X units) and Myanmar (X units) were the main destinations of water filter exports from Vietnam, with a combined X% share of total exports. South Korea, Indonesia, Iraq, Singapore, the United Arab Emirates, Japan, Panama and Kenya lagged somewhat behind, together comprising a further X%.

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 water filter exported from Vietnam were Saudi Arabia ($X), the United States ($X) and South Korea ($X), with a combined X% share of total exports. Indonesia, Iraq, Singapore, the United Arab Emirates, Japan, Panama, Myanmar and Kenya lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 water filter export price amounted to $X per unit, increasing by X% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Water Filter Imports

Imports into Vietnam

In 2022, after four years of growth, there was significant decline in supplies from abroad of machinery for filtering or purifying water, when their volume decreased by X% to X units. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2021, and then declined in the following year.

In value terms, water filter imports contracted slightly to $X in 2022. In general, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X units), China (X units) and the United States (X units) were the main suppliers of water filter imports to Vietnam, together comprising X% of total imports. Japan, Singapore, Malaysia, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the largest water filter suppliers to Vietnam, with a combined X% share of total imports.

Among the main suppliers, China, 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 water filter import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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