Vietnam: Public Works Machinery Market 2024

Public Works Machinery Market Size in Vietnam

The Vietnamese public works machinery market reduced to $X in 2022, almost unchanged from 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 continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Public Works Machinery Exports

Exports from Vietnam

In 2022, overseas shipments of machinery for public works and building increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, public works machinery exports soared to $X in 2022. In general, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Australia (X units) and the Philippines (X units) were the main destinations of public works machinery exports from Vietnam, together accounting for X% of total exports.

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

In value terms, the United States ($X), Australia ($X) and the Philippines ($X) appeared to be the largest markets for public works machinery exported from Vietnam worldwide, together comprising X% of total exports. Denmark, Indonesia, Spain, Germany, the UK, Cambodia and India lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Denmark, with a CAGR of X%, saw the highest growth rate of 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 public works machinery export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 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 Cambodia ($X per unit), while the average price for exports to India ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Vietnam

For the third year in a row, Vietnam recorded growth in overseas purchases of machinery for public works and building, which increased by X% to X units in 2022. In general, imports saw modest growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, public works machinery imports surged to $X in 2022. Overall, imports recorded mild growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest public works machinery supplier to Vietnam, accounting for a X% share of total imports. Moreover, public works machinery imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Japan (X units), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of machinery for public works and building to Vietnam, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

In 2022, the average public works machinery import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :