Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam - 2022
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam (CIF) - 2022
In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $33,493 per ton, falling by -16.9% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum at $40,307 per ton in 2021, and then fell significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($154,159 per ton), while the price for China ($16,891 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam (FOB) - 2022
In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $28,988 per ton, falling by -17.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices reached the peak figure at $35,116 per ton in 2021, and then contracted notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($97,502 per ton), while the average price for exports to Mozambique ($23 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam
In 2022, supplies from abroad of machines and mechanical appliances; parts, of those having individual functionses was finally on the rise to reach 15K tons after two years of decline. Over the period under review, imports, however, saw a abrupt descent.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses contracted to $504M in 2022. Overall, imports, however, saw a noticeable reduction. The smallest decline of -0.5% was in 2020.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 226 | 200 | 169 | 183 | -6.8% |
| China | 77.5 | 96.1 | 117 | 135 | 20.3% |
| Singapore | 50.5 | 90.5 | 80.4 | 64.2 | 8.3% |
| Japan | 59.7 | 69.4 | 67.0 | 52.5 | -4.2% |
| Taiwan (Chinese) | 14.9 | 7.6 | 8.8 | 9.9 | -12.7% |
| Malaysia | 9.3 | 8.8 | 14.6 | 6.2 | -12.6% |
| Netherlands | 50.9 | 31.2 | 16.5 | 3.9 | -57.5% |
| Others | 66.4 | 48.5 | 50.6 | 49.1 | -9.6% |
| Total | 555 | 553 | 524 | 504 | -3.2% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Vietnam in 2022:
- China (8.0K tons)
- South Korea (4.5K tons)
- Taiwan (Chinese) (0.5K tons)
- Singapore (0.4K tons)
- Malaysia (0.3K tons)
- Japan (0.3K tons)
- Netherlands (0.1K tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from Vietnam skyrocketed to 4K tons, increasing by 39% compared with the year before. In general, exports, however, saw a abrupt slump.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses skyrocketed to $116M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 42.1 | 40.9 | 47.6 | 50.0 | 5.9% |
| United States | 7.3 | 5.5 | 12.4 | 19.6 | 39.0% |
| South Korea | 5.8 | 6.1 | 7.4 | 11.8 | 26.7% |
| Mexico | 3.8 | 2.3 | 3.8 | 6.7 | 20.8% |
| China | 8.6 | 3.8 | 6.2 | 4.8 | -17.7% |
| Singapore | 2.1 | 2.8 | 3.1 | 3.1 | 13.9% |
| Netherlands | 1.9 | 3.5 | 2.4 | 3.0 | 16.4% |
| Philippines | 7.0 | 1.9 | 3.7 | 2.5 | -29.1% |
| Germany | 0.9 | 1.1 | 3.0 | 2.0 | 30.5% |
| India | 0.8 | 2.2 | 1.7 | 1.5 | 23.3% |
| Australia | 0.2 | 0.6 | 1.5 | 0.7 | 51.8% |
| Mozambique | N/A | N/A | N/A | N/A | 0% |
| Others | 4.2 | 5.2 | 7.9 | 10.3 | 34.9% |
| Total | 84.7 | 75.7 | 101 | 116 | 11.1% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Vietnam in 2022:
- Japan (1478.1 tons)
- South Korea (491.3 tons)
- Mozambique (474.4 tons)
- United States (468.3 tons)
- Germany (221.8 tons)
- Netherlands (115.5 tons)
- China (104.8 tons)
- Australia (102.9 tons)
- India (79.9 tons)
- Philippines (78.5 tons)
- Mexico (69.2 tons)
- Singapore (52.0 tons)
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