Vietnam: Photo-Copying Apparatus Market 2023

Photo-Copying Apparatus Market Size in Vietnam

After two years of growth, the Vietnamese photo-copying apparatus market decreased by -41.5% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell remarkably in the following year.

Photo-Copying Apparatus Production in Vietnam

In value terms, photo-copying apparatus production surged to $X in 2022 estimated in export price. Overall, production recorded a deep contraction. Photo-copying apparatus production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Photo-Copying Apparatus Exports

Exports from Vietnam

After two years of growth, shipments abroad of photo-copying apparatus decreased by -28.4% to X units in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 173%. As a result, the exports attained the peak of X units, and then dropped significantly in the following year.

In value terms, photo-copying apparatus exports declined markedly to $X in 2022. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 128%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X units), the United Arab Emirates (X units) and Kuwait (X units) were the main destinations of photo-copying apparatus exports from Vietnam, together comprising 61% of total exports. Mauritius, Bolivia, Saudi Arabia, Egypt, Malaysia, the UK, Israel, Australia and Japan lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +110.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for photo-copying apparatus exports from Vietnam, comprising 32% of total exports. The second position in the ranking was taken by Singapore ($X), with a 7.6% share of total exports. It was followed by Egypt, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+40.3% per year) and Egypt (+53.4% per year).

Export Prices by Country

In 2022, the average photo-copying apparatus export price amounted to $X per unit, increasing by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 71% against the previous year. 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 Egypt ($X per unit), while the average price for exports to Bolivia ($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 the UK (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Photo-Copying Apparatus Imports

Imports into Vietnam

In 2022, photo-copying apparatus imports into Vietnam reduced markedly to X units, dropping by -44.3% against the previous year. Overall, imports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2016 when imports increased by 130% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, photo-copying apparatus imports plummeted to $X in 2022. In general, imports, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 76%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Singapore (X units) and China (X units) were the main suppliers of photo-copying apparatus imports to Vietnam, together comprising 60% of total imports. South Korea, the United Arab Emirates, Italy, the Philippines, the UK and Taiwan (Chinese) lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +32.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest photo-copying apparatus suppliers to Vietnam were China ($X), South Korea ($X) and the United Arab Emirates ($X), together comprising 59% of total imports. Italy, the United States, Singapore, the UK, Taiwan (Chinese) and the Philippines lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Italy, with a CAGR of +28.2%, 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 photo-copying apparatus import price stood at $X per unit in 2022, jumping by 43% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 50% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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