Vietnam: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in Vietnam

The Vietnamese pneumatic linear acting actuator market totaled $X in 2022, with an increase of 2.5% 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 significant growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Exports of Pneumatic Linear Acting Actuators

Exports from Vietnam

In 2022, shipments abroad of pneumatic linear acting actuators decreased by -5.2% to X units, falling for the third year in a row after six years of growth. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 369% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 345%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units), Taiwan (Chinese) (X units) and Lao People's Democratic Republic (X units) were the main destinations of pneumatic linear acting actuator exports from Vietnam, with a combined 53% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +115.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for pneumatic linear acting actuators exports from Vietnam, comprising 30% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports. It was followed by Lao People's Democratic Republic, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled +84.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+30.9% per year) and Lao People's Democratic Republic (+4.1% per year).

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, increasing by 28% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per unit), while the average price for exports to Thailand ($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 Lao People's Democratic Republic (+3.7%), while the prices for the other major destinations experienced a decline.

Imports of Pneumatic Linear Acting Actuators

Imports into Vietnam

In 2022, approx. X units of pneumatic linear acting actuators were imported into Vietnam; rising by 19% compared with the year before. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 128%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, pneumatic linear acting actuator imports declined to $X in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 114% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pneumatic linear acting actuator to Vietnam, accounting for a 62% share of total imports. Moreover, pneumatic linear acting actuator imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. South Korea (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +54.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+17.8% per year) and South Korea (+23.7% per year).

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest pneumatic linear acting actuator suppliers to Vietnam, together accounting for 88% of total imports.

China, with a CAGR of +42.7%, recorded the highest growth rate of the value of imports, among the main suppliers 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 pneumatic linear acting actuator import price amounted to $X per unit, dropping by -24.2% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2018 an increase of 7.6%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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