Vietnam: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Vietnam

The Vietnamese pneumatic elevator market shrank significantly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt downturn. 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.

Pneumatic Elevator Exports

Exports from Vietnam

In 2022, approx. X units of pneumatic elevators and conveyors were exported from Vietnam; picking up by X% compared with 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, pneumatic elevator exports soared to $X in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Japan (X units) was the main destination for pneumatic elevator exports from Vietnam, accounting for a X% share of total exports. Moreover, pneumatic elevator exports to Japan exceeded the volume sent to the second major destination, Indonesia (X units), eightfold. The third position in this ranking was held by Malaysia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

In value terms, Japan ($X) remains the key foreign market for pneumatic elevators and conveyors exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average pneumatic elevator export price amounted to $X per unit, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to India ($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 Myanmar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pneumatic Elevator Imports

Imports into Vietnam

In 2022, purchases abroad of pneumatic elevators and conveyors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, pneumatic elevator imports declined dramatically to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and India (X units) were the main suppliers of pneumatic elevator imports to Vietnam, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic elevator suppliers to Vietnam were China ($X), Germany ($X) and India ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pneumatic elevator import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Italy ($X per unit) and India ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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