Vietnam: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Vietnam

The Vietnamese straw for fodder balers market amounted to $X in 2022, surging by X% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Straw Or Fodder Balers, Including Pickup Balers in Vietnam

In value terms, straw for fodder balers production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports from Vietnam

In 2022, overseas shipments of straw or fodder balers, including pickup balers were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers exports soared to $X in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X units) was the main destination for straw for fodder balers exports from Vietnam, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia stood at X%.

In value terms, Cambodia ($X) emerged as the key foreign market for straw or fodder balers, including pickup balers exports from Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia stood at X%.

Export Prices by Country

In 2022, the average straw for fodder balers export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price saw a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Cambodia.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to X.6% per year.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports into Vietnam

For the eighth year in a row, Vietnam recorded growth in overseas purchases of straw or fodder balers, including pickup balers, which increased by X% to X units in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers imports expanded remarkably to $X in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of straw for fodder balers to Vietnam, with a X% share of total imports. Moreover, straw for fodder balers imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2022, 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: Japan (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of straw or fodder balers, including pickup balers to Vietnam, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average straw for fodder balers import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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