Vietnam: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Vietnam

The Vietnamese non-numerically controlled sharpening machine market rose sharply to $X in 2022, surging by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Vietnam

In value terms, non-numerically controlled sharpening machine production contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Non-numerically controlled sharpening machine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Vietnam

After two years of growth, overseas shipments of non-numerically controlled sharpening machines for working metal decreased by X% to X units in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, non-numerically controlled sharpening machine exports declined significantly to $X in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

The United States (X units) was the main destination for non-numerically controlled sharpening machine exports from Vietnam, accounting for a X% share of total exports. It was followed by Australia (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%.

In value terms, the United States ($X) remains the key foreign market for non-numerically controlled sharpening machines for working metal exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, showed a pronounced descent. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%).

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Vietnam

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were imported into Vietnam; increasing by X% on 2021 figures. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled sharpening machine imports soared to $X in 2022. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Japan (X units) constituted the largest non-numerically controlled sharpening machine supplier to Vietnam, accounting for a X% share of total imports. Moreover, non-numerically controlled sharpening machine imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with an X% share.

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

In value terms, the United States ($X), Japan ($X) and China ($X) appeared to be the largest non-numerically controlled sharpening machine suppliers to Vietnam, together comprising X% of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, saw 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 non-numerically controlled sharpening machine import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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