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Vietnam - Safes, Strongboxes And Doors Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights
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Vietnam: Safes And Strongboxes Market Overview 2021

Safes And Strongboxes Market Size in Vietnam

In 2020, the Vietnamese safes and strongboxes market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, saw a mild reduction. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2020, consumption remained at a lower figure.

Safes And Strongboxes Production in Vietnam

In value terms, safes and strongboxes production dropped sharply to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2009; however, from 2010 to 2020, production remained at a lower figure.

Safes And Strongboxes Exports

Exports from Vietnam

In 2020, approx. X tonnes of safes, strongboxes and doors of base metal were exported from Viet Nam; increasing by X% compared with the previous year. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, safes and strongboxes exports fell to $X in 2020. In general, exports recorded a prominent increase. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2019, and then shrank in the following year.

Exports by Country

The Philippines (X tonnes), the U.S. (X tonnes) and the United Arab Emirates (X tonnes) were the main destinations of safes and strongboxes exports from Viet Nam, together comprising X% of total exports. These countries were followed by Iraq, Yemen, Cambodia, Lebanon, Egypt, Qatar, Nigeria, Mexico, Mongolia and the Netherlands, which together accounted for a further X 2007 to 2020, the biggest increases were in Mexico (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safes and strongboxes exported from Viet Nam were the U.S. ($X), the United Arab Emirates ($X) and the Philippines ($X), together accounting for X% of total exports. Iraq, Cambodia, Egypt, the Netherlands, Nigeria, Yemen, Mexico, Lebanon, Mongolia and Qatar lagged somewhat behind, together comprising a further X the main countries of destination, Mexico (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average safes and strongboxes export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Qatar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Vietnam

In 2020, supplies from abroad of safes, strongboxes and doors of base metal increased by X% to X tonnes, rising for the sixth year in a row after two years of decline. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, safes and strongboxes imports expanded significantly to $X in 2020. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, China (X tonnes) constituted the largest safes and strongboxes supplier to Viet Nam, with a X% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tonnes), tenfold.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Thailand (-X% per year).

In value terms, China ($X) constituted the largest supplier of safes and strongboxes to Viet Nam, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Thailand (-X% per year).

Import Prices by Country

In 2020, the average safes and strongboxes import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price showed a mild descent. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. The import price peaked at $X per tonne in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safes, strongboxes and doors of base metal in the world?
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China (423K tonnes) constituted the country with the largest volume of safes and strongboxes consumption, accounting for 28% of total volume. Moreover, safes and strongboxes consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (187K tonnes), twofold. India (173K tonnes) ranked third in terms of total consumption with a 11% share.
What are the largest producers of safes, strongboxes and doors of base metal in the world?
+
China (625K tonnes) remains the largest safes and strongboxes producing country worldwide, accounting for 42% of total volume. Moreover, safes and strongboxes production in China exceeded the figures recorded by the second-largest producer, India (175K tonnes), fourfold. Mexico (73K tonnes) ranked third in terms of total production with a 4.9% share.
What are the leading suppliers of safes, strongboxes and doors of base metal to Vietnam?
+
In value terms, China ($3.6M) constituted the largest supplier of safes and strongboxes to Viet Nam, comprising 85% of total imports. The second position in the ranking was occupied by South Korea ($233K), with a 5.5% share of total imports.
What are the leading importers of safes, strongboxes and doors of base metal from Vietnam?
+
In value terms, the U.S. ($2.2M), the United Arab Emirates ($1.7M) and the Philippines ($1.1M) were the largest markets for safes and strongboxes exported from Viet Nam worldwide, together accounting for 50% of total exports. These countries were followed by Iraq, Cambodia, Egypt, the Netherlands, Nigeria, Yemen, Mexico, Lebanon, Mongolia and Qatar, which together accounted for a further 28%.
What is the average export price for safes, strongboxes and doors of base metal in Vietnam?
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The average safes and strongboxes export price stood at $4,390 per tonne in 2020, falling by -15% against the previous year.
What is the average import price for safes, strongboxes and doors of base metal in Vietnam?
+
The average safes and strongboxes import price stood at $3,693 per tonne in 2020, shrinking by -1.6% against the previous year.

Product coverage:
• Prodcom 25992120 - Armoured or reinforced safes, strongboxes and doors and safe deposit lockers for strongrooms, of base metal
• Prodcom 25992170 - Base metal cash or deed boxes and the like

This report provides an in-depth analysis of the safes and strongboxes market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Viet Nam

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Vietnam
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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