Vietnam: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Vietnam

The Vietnamese positive displacement pump market rose modestly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Positive Displacement Pump Production in Vietnam

In value terms, positive displacement pump production stood at $X in 2022 estimated in export price. Overall, production, however, saw a mild decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Positive Displacement Pump Exports

Exports from Vietnam

In 2022, overseas shipments of positive displacement pumps and hand pumps decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2021, and then contracted in the following year.

In value terms, positive displacement pump exports shrank dramatically to $X in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Thailand (X units) was the main destination for positive displacement pump exports from Vietnam, with a X% share of total exports. Moreover, positive displacement pump exports to Thailand exceeded the volume sent to the second major destination, the United States (X units), tenfold. Malaysia (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Thailand ($X) remains the key foreign market for positive displacement pumps and hand pumps exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a 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 Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per unit) and the United States ($X per unit), while the average price for exports to China ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Vietnam

In 2022, the amount of positive displacement pumps and hand pumps imported into Vietnam skyrocketed to X units, growing by X% compared with the previous year's figure. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, positive displacement pump imports soared to $X in 2022. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest positive displacement pump supplier to Vietnam, accounting for a X% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was held by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Vietnam, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2017 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 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Japan ($X per unit), while the price for Hungary ($X per unit) and South Korea ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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