Vietnam: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in Vietnam

In 2022, the Vietnamese non-numerically controlled lathe market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption saw a deep setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Numerically Controlled Lathe Exports

Exports from Vietnam

In 2022, shipments abroad of non-numerically controlled horizontal lathes, for removing metal was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a drastic downturn. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-numerically controlled lathe exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt decline. Over the period under review, the non-numerically controlled laexports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Lao People's Democratic Republic (X units) was the main destination for non-numerically controlled lathe exports from Vietnam, with a X% share of total exports. Moreover, non-numerically controlled lathe exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, the Philippines (X units), fourfold. India (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lao People's Democratic Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and India (X% per year).

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for non-numerically controlled horizontal lathes, for removing metal exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lao People's Democratic Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average non-numerically controlled lathe export price amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, saw a abrupt contraction. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to India ($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 Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Numerically Controlled Lathe Imports

Imports into Vietnam

In 2022, the amount of non-numerically controlled horizontal lathes, for removing metal imported into Vietnam shrank notably to X units, which is down by X% compared with the previous year. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-numerically controlled lathe imports fell dramatically to $X in 2022. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and South Korea (X units) were the main suppliers of non-numerically controlled lathe imports to Vietnam, together accounting for X% of total imports. Japan, the Philippines, Bulgaria and India lagged somewhat behind, together comprising a further X%.

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

In value terms, Taiwan (Chinese) ($X), China ($X) and South Korea ($X) constituted the largest non-numerically controlled lathe suppliers to Vietnam, together accounting for X% of total imports.

In terms of the main suppliers, South Korea, 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

The average non-numerically controlled lathe import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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