Pumps; Parts Thereof Price in Vietnam - 2021
Contents:
- Pumps; Parts Thereof Price in Vietnam (FOB) - 2022
- Pumps; Parts Thereof Price in Vietnam (CIF) - 2022
- Pumps; Parts Thereof Exports in Vietnam
- Pumps; Parts Thereof Imports in Vietnam
Pumps; Parts Thereof Price in Vietnam (FOB) - 2022
The average pumps; parts thereof export price stood at $13,475 per ton in 2022, dropping by -2.9% against the previous year. Overall, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 13%. The export price peaked at $22,614 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($37,671 per ton), while the average price for exports to Japan ($9,528 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 South Korea (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Price in Vietnam (CIF) - 2022
The average pumps; parts thereof import price stood at $30,394 per ton in 2022, reducing by -4.7% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pumps; parts thereof import price increased by +6.5% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the peak figure at $31,908 per ton in 2021, and then reduced slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($101,919 per ton), while the price for China ($15,506 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Exports in Vietnam
In 2022, the amount of pumps; parts thereoves exported from Vietnam contracted to 7K tons, which is down by -9% against the year before. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of 7.7K tons, and then fell in the following year.
In value terms, pumps; parts thereof exports contracted to $94M in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, the exports reached the peak of $106M, and then contracted in the following year.
| Export of Pumps; Parts Thereof in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 32.6 | 31.3 | 41.0 | 30.6 | -2.1% |
| South Korea | 14.4 | 7.6 | 12.0 | 17.8 | 7.3% |
| China | 7.2 | 9.1 | 12.5 | 11.2 | 15.9% |
| United States | 11.5 | 10.2 | 11.5 | 10.9 | -1.8% |
| Mexico | 4.7 | 3.1 | 4.4 | 4.7 | 0.0% |
| Taiwan (Chinese) | 1.2 | 1.0 | 1.1 | N/A | -4.3% |
| Others | 23.1 | 19.2 | 23.8 | 18.6 | -7.0% |
| Total | 94.6 | 81.5 | 106 | 93.9 | -0.2% |
Top Export Markets for Pumps; Parts Thereof from Vietnam in 2022:
- Japan (3.2K tons)
- South Korea (1.3K tons)
- United States (0.9K tons)
- China (0.7K tons)
- Mexico (0.3K tons)
Pumps; Parts Thereof Imports in Vietnam
In 2022, after three years of growth, there was significant decline in overseas purchases of pumps; parts thereoves, when their volume decreased by -7.3% to 2.2K tons. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. As a result, imports reached the peak of 2.4K tons, and then fell in the following year.
In value terms, pumps; parts thereof imports dropped to $68M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $76M, and then reduced in the following year.
| Import of Pumps; Parts Thereof in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.7 | 25.1 | 31.3 | 24.3 | 27.6% |
| Japan | 6.0 | 6.1 | 9.9 | 13.3 | 30.4% |
| South Korea | 7.0 | 6.9 | 8.7 | 9.9 | 12.2% |
| Singapore | 5.7 | 3.8 | 5.0 | 4.7 | -6.2% |
| Norway | 2.1 | 2.0 | 1.9 | 2.2 | 1.6% |
| Italy | 0.6 | 0.9 | 1.2 | 1.3 | 29.4% |
| Thailand | 0.9 | 0.8 | 1.0 | N/A | 5.4% |
| Indonesia | 3.5 | 3.2 | 3.5 | N/A | 0.0% |
| Others | 16.9 | 9.8 | 14.0 | 11.9 | -11.0% |
| Total | 54.6 | 58.5 | 76.5 | 67.5 | 7.3% |
Top Suppliers of Pumps; Parts Thereof to Vietnam in 2022:
- China (1565.0 tons)
- Japan (324.5 tons)
- South Korea (117.4 tons)
- Singapore (46.2 tons)
- Italy (38.0 tons)
- Norway (17.2 tons)
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