Vietnam: Tamping Machinery Market 2024

Tamping Machinery Market Size in Vietnam

The Vietnamese tamping machinery market declined markedly to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a abrupt descent. Tamping machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tamping Machinery Production in Vietnam

In value terms, tamping machinery production surged to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Tamping machinery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tamping Machinery Exports

Exports from Vietnam

In 2022, overseas shipments of tamping or compacting machinery decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, tamping machinery exports shrank to $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at $X in 2021, and then dropped modestly in the following year.

Exports by Country

The United States (X units), Japan (X units) and China (X units) were the main destinations of tamping machinery exports from Vietnam, with a combined X% share of total exports. South Korea, Australia, South Africa and Canada lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for tamping machinery exported from Vietnam were the United States ($X), Japan ($X) and China ($X), together comprising X% of total exports. South Korea, Australia, South Africa and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Australia, with a CAGR of X%, 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 2022, the average tamping machinery export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 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 stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per unit) and the United States ($X per unit), while the average price for exports to Canada ($X per unit) and South Africa ($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 Australia (X%), while the prices for the other major destinations experienced a decline.

Tamping Machinery Imports

Imports into Vietnam

In 2022, overseas purchases of tamping or compacting machinery increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 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, tamping machinery imports soared to $X in 2022. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tamping machinery to Vietnam, accounting for a X% share of total imports. Moreover, tamping machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold.

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: Germany (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of tamping or compacting machinery to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports.

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

Import Prices by Country

In 2022, the average tamping machinery import price amounted to $X per unit, waning by X% against the previous year. In general, the import price showed a pronounced descent. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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