Vietnam: Beverage Manufacturing Press Market 2024

Beverage Manufacturing Press Market Size in Vietnam

The Vietnamese beverage manufacturing press market skyrocketed to $X in 2023, rising by 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). In general, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Beverage Manufacturing Press Exports

Exports from Vietnam

In 2023, approx. X tons of presses and crushers for beverages manufacturing were exported from Vietnam; which is down by X% compared with 2022 figures. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, beverage manufacturing press exports contracted modestly to $X in 2023. In general, exports, however, recorded a modest expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for beverage manufacturing press exports from Vietnam, accounting for a X% share of total exports. Moreover, beverage manufacturing press exports to the United States exceeded the volume sent to the second major destination, Nigeria (X kg), twofold. The third position in this ranking was held by Lao People's Democratic Republic (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, the United States ($X) remains the key foreign market for presses and crushers for beverages manufacturing exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

The average beverage manufacturing press export price stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Lao People's Democratic Republic ($X per ton) and Thailand ($X per ton), while the average price for exports to Nigeria ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beverage Manufacturing Press Imports

Imports into Vietnam

In 2023, beverage manufacturing press imports into Vietnam surged to X tons, rising by X% against 2022. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, beverage manufacturing press imports soared to $X in 2023. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), China (X tons) and France (X tons) were the main suppliers of beverage manufacturing press imports to Vietnam, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beverage manufacturing press suppliers to Vietnam were China ($X), Italy ($X) and France ($X), together accounting for X% of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, 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 beverage manufacturing press import price stood at $X per ton in 2023, with a decrease of 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 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from China ($X per ton) and France ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform