Vietnam: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Vietnam

In 2021, the Vietnamese market for parts of apparatus of hs decreased by -13.7% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, saw a perceptible decrease. Parts of apparatus of hs consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Parts Of Apparatus Of Hs in Vietnam

In value terms, parts of apparatus of hs production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.4% against 2019 indices. Parts of apparatus of hs production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Parts Of Apparatus Of Hs

Exports from Vietnam

In 2021, approx. X units of parts of apparatus of hs were exported from Vietnam; increasing by 146% on the year before. In general, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of apparatus of hs exports soared to $X in 2021. Overall, exports saw a significant expansion. 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) was the main destination for parts of apparatus of hs exports from Vietnam, accounting for a 23% share of total exports. Moreover, parts of apparatus of hs exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold. Germany (X units) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+28.3% per year) and Germany (+25.6% per year).

In value terms, the United States ($X) remains the key foreign market for parts of apparatus of hs exports from Vietnam, comprising 26% of total exports. The second position in the ranking was taken by Japan ($X), with a 2.7% share of total exports. It was followed by Canada, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+36.8% per year) and Canada (+47.0% per year).

Export Prices by Country

In 2021, the average export price for parts of apparatus of hs amounted to $X per unit, surging by 11% against the previous year. Over the period under review, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 149% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Vietnam

Parts of apparatus of hs imports into Vietnam soared to X units in 2021, rising by 189% compared with the previous year. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of apparatus of hs imports surged to $X in 2021. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR (X units), Malaysia (X units) and Japan (X units) were the main suppliers of parts of apparatus of hs imports to Vietnam, together comprising 37% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +68.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of parts of apparatus of hs to Vietnam, comprising 31% of total imports. The second position in the ranking was held by Malaysia ($X), with a 15% share of total imports. It was followed by Japan, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hong Kong SAR totaled +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+37.4% per year) and Japan (+61.4% per year).

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, shrinking by -46.1% against the previous year. Overall, the import price saw a deep slump. The pace of growth was the most pronounced in 2016 an increase of 68%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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