Vietnam: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in Vietnam

The Vietnamese hide preparing machinery market dropped notably to $X in 2022, shrinking 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). In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Hide Preparing Machinery Exports

Exports from Vietnam

In 2022, shipments abroad of machinery for preparing, tanning or working hides, skins or leather decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a noticeable increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hide preparing machinery exports shrank significantly to $X in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units), Indonesia (X units) and China (X units) were the main destinations of hide preparing machinery exports from Vietnam, together comprising X% of total exports. Moreover, hide preparing machinery exports in India exceeded the figures recorded by the second-largest exporter, Indonesia, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hide preparing machinery exported from Vietnam were India ($X), Indonesia ($X) and China ($X), together accounting for X% of total exports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 hide preparing machinery export price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price, however, saw a significant increase. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked 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 Taiwan (Chinese) ($X per unit), while the average price for exports to Myanmar ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Hide Preparing Machinery Imports

Imports into Vietnam

Hide preparing machinery imports into Vietnam declined dramatically to X units in 2022, which is down by X% on the previous year. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, hide preparing machinery imports shrank remarkably to $X in 2022. In general, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and South Korea (X units) were the main suppliers of hide preparing machinery imports to Vietnam, with a combined X% share of total imports. Taiwan (Chinese), India, Hong Kong SAR and Germany 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 India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machinery for preparing, tanning or working hides, skins or leather to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Germany, with a 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: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average hide preparing machinery import price amounted to $X per unit, rising by X% against the previous year. In general, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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