Vietnam: Electroplating Machine Market 2024

Electroplating Machine Market Size in Vietnam

The Vietnamese electroplating machine market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Electroplating Machine Production in Vietnam

In value terms, electroplating machine production contracted to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Electroplating Machine Exports

Exports from Vietnam

In 2022, overseas shipments of machines for electroplating, electrolysis or electrophoresis decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, electroplating machine exports reduced sharply to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

South Korea (X units) was the main destination for electroplating machine exports from Vietnam, accounting for a X% share of total exports. Moreover, electroplating machine exports to South Korea exceeded the volume sent to the second major destination, France (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

In value terms, South Korea ($X) remains the key foreign market for machines for electroplating, electrolysis or electrophoresis exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average electroplating machine export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 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 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the United States ($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 South Korea (X%), while the prices for the other major destinations experienced a decline.

Electroplating Machine Imports

Imports into Vietnam

In 2022, approx. X units of machines for electroplating, electrolysis or electrophoresis were imported into Vietnam; rising by X% against 2021 figures. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electroplating machine imports surged to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of electroplating machine to Vietnam, with a X% share of total imports. Moreover, electroplating machine imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

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

In value terms, South Korea ($X), China ($X) and Germany ($X) were the largest electroplating machine suppliers to Vietnam, together accounting for X% of total imports.

Among the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to 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 electroplating machine import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a 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 Japan ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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