Vietnam: Shipping Market 2024

Shipping Market Size in Vietnam

The Vietnamese shipping market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Shipping Production in Vietnam

In value terms, shipping production declined rapidly to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Shipping Exports

Exports from Vietnam

In 2022, overseas shipments of ships, vessels, ferry-boats for the transport of persons decreased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, shipping exports declined rapidly to $X in 2022. Over the period under review, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malta (X units) was the main destination for shipping exports from Vietnam, accounting for a X% share of total exports. Moreover, shipping exports to Malta exceeded the volume sent to the second major destination, Colombia (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malta was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and the Netherlands (X% per year).

In value terms, Malta ($X) emerged as the key foreign market for ships, vessels, ferry-boats for the transport of persons exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malta was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average shipping export price amounted to $X,882 per unit, rising by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X,054 per unit; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($X,286 per unit), while the average price for exports to the Netherlands ($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 Singapore (X%), while the prices for the other major destinations experienced a decline.

Shipping Imports

Imports into Vietnam

After two years of decline, purchases abroad of ships, vessels, ferry-boats for the transport of persons decreased by X% to X units in 2022. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, shipping imports amounted to $X in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X units), France (X units) and Italy (X units) were the main suppliers of shipping imports to Vietnam.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shipping suppliers to Vietnam were Italy ($X), France ($X) and Poland ($X), with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, saw 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

In 2022, the average shipping import price amounted to $X,599 per unit, remaining stable against the previous year. In general, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X,957 per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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