Report Update: May 6, 2024

Vietnam - Tamping Or Compacting Machinery - Market Analysis, Forecast, Size, Trends And Insights

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Tamping Machinery Price in Vietnam - 2022

Tamping Machinery Price in Vietnam (FOB) - 2022

In 2022, the average tamping machinery export price amounted to $1,401 per unit, shrinking by -3.5% against the previous year. Overall, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2020 an increase of 31%. The export price peaked at $2,567 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($1,506 per unit) and Japan ($1,506 per unit), while the average price for exports to South Africa ($1,267 per unit) and France ($1,268 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 China (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Tamping Machinery Price in Vietnam (CIF) - 2022

In 2022, the average tamping machinery import price amounted to $1,595 per unit, falling by -3.2% against the previous year. Overall, the import price showed a abrupt contraction. The growth pace was the most rapid in 2018 when the average import price increased by 12%. Over the period under review, average import prices hit record highs at $4,360 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,496 per unit), while the price for Canada ($913 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.9%), while the prices for the other major suppliers experienced a decline.

Tamping Machinery Exports in Vietnam

Tamping machinery exports from Vietnam contracted to 6.9K units in 2022, which is down by -7.5% on the previous year's figure. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 88% against the previous year. As a result, the exports attained the peak of 7.5K units, and then contracted in the following year.

In value terms, tamping machinery exports shrank to $9.7M in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $11M, and then declined in the following year.

Export of Tamping Machinery in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.9	3.5	4.6	4.2	13.1%
Japan	2.5	2.9	3.3	2.4	-1.4%
China	0.5	0.7	0.8	0.8	17.0%
Canada	0.2	0.1	0.2	0.2	0.0%
South Africa	0.2	0.1	0.2	0.2	0.0%
South Korea	0.2	0.3	0.3	0.2	0.0%
Others	1.2	1.0	1.5	1.6	10.1%
Total	7.7	8.6	10.9	9.7	8.0%

Top Export Markets for Tamping Machinery from Vietnam in 2022:

United States (2798.0 units)
Japan (1625.0 units)
China (634.0 units)
South Korea (197.0 units)
South Africa (166.0 units)
Canada (137.0 units)

Tamping Machinery Imports in Vietnam

In 2022, imports of tamping or compacting machinery into Vietnam reduced notably to 1.2K units, waning by -27.1% compared with the previous year's figure. Over the period under review, imports saw a slight contraction. The growth pace was the most rapid in 2021 with an increase of 139% against the previous year. As a result, imports reached the peak of 1.6K units, and then contracted sharply in the following year.

In value terms, tamping machinery imports dropped rapidly to $1.9M in 2022. In general, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 143%. As a result, imports attained the peak of $2.6M, and then reduced markedly in the following year.

Import of Tamping Machinery in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,385	413	1,904	1,151	-6.0%
Japan	350	345	265	143	-25.8%
Germany	0.9	6.3	19.7	80.9	348.0%
United States	1.9	3.6	31.0	34.8	163.6%
Canada	10.3	5.9	24.5	22.3	29.4%
Others	680	313	393	430	-14.2%
Total	2,428	1,086	2,638	1,862	-8.5%

Top Suppliers of Tamping Machinery to Vietnam in 2022:

China (811.0 units)
Japan (154.0 units)
Germany (54.0 units)
United States (36.0 units)
Canada (24.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tamping machinery market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28923050 - (Towed and hand-held compaction equipment) Tamping or compacting machinery (excluding self-propelled)

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023