Vietnam: Boiler Parts Market 2022

Boiler Parts Market Size in Vietnam

In 2021, the Vietnamese boiler parts market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Boiler Parts Production in Vietnam

In value terms, boiler parts production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Boiler parts production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Boiler Parts Exports

Exports from Vietnam

After six years of growth, overseas shipments of parts of boilers for central heating decreased by -X% to X tons in 2021. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, boiler parts exports shrank slightly to $X in 2021. Over the period under review, exports, however, showed pronounced growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2020, and then declined in the following year.

Exports by Country

Lao People's Democratic Republic (X tons), the Philippines (X tons) and Malaysia (X tons) were the main destinations of boiler parts exports from Vietnam, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in Lao People's Democratic Republic (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for boiler parts exported from Vietnam were the Philippines ($X), Lao People's Democratic Republic ($X) and Cambodia ($X), together accounting for X% of total exports.

The Philippines, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the export price, however, showed a deep contraction. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cambodia ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-X%), while the prices for the other major destinations experienced a decline.

Boiler Parts Imports

Imports into Vietnam

In 2021, approx. X tons of parts of boilers for central heating were imported into Vietnam; rising by X% on the previous year. Over the period under review, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, boiler parts imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), China (X tons) and Australia (X tons) were the main suppliers of boiler parts imports to Vietnam, together comprising X% of total imports. These countries were followed by India, France, Thailand and Belgium, which together accounted for a further X 2012 to 2021, the biggest increases were in France (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Thailand ($X) were the largest boiler parts suppliers to Vietnam, with a combined X% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boiler parts import price increased by +X% against 2019 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :