Vietnam: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Vietnam

The Vietnamese gravimetric filling machine market fell to $X in 2022, with a decrease of -6.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a modest increase. Gravimetric filling machine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Gravimetric Filling Machine Exports

Exports from Vietnam

In 2022, gravimetric filling machine exports from Vietnam reduced to X units, with a decrease of -11.5% on the previous year. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 70%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, gravimetric filling machine exports reduced to $X in 2022. Over the period under review, exports, however, recorded a temperate increase. The pace of growth was the most pronounced in 2016 with an increase of 863%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units), Brunei Darussalam (X units) and Guatemala (X units) were the main destinations of gravimetric filling machine exports from Vietnam, with a combined 17% share of total exports. Moreover, gravimetric filling machine exports in Malaysia exceeded the figures recorded by the second-largest exporter, Brunei Darussalam, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X) remains the key foreign market for automatic gravimetric filling machines exports from Vietnam, comprising 29% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 14% share of total exports. It was followed by Japan, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+12.5% per year) and Japan (+47.4% per year).

Export Prices by Country

The average gravimetric filling machine export price stood at $X per unit in 2022, rising by 1.6% against the previous year. Over the period under review, the export price posted a measured expansion. The growth pace was the most rapid in 2016 when the average export price increased by 657% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a 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 Cambodia ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+47.4%), while the prices for the other major destinations experienced more modest paces of growth.

Gravimetric Filling Machine Imports

Imports into Vietnam

In 2022, the amount of automatic gravimetric filling machines imported into Vietnam contracted to X units, shrinking by -5.1% on 2021 figures. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 93% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, gravimetric filling machine imports reduced to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 86%. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest gravimetric filling machine supplier to Vietnam, accounting for a 47% share of total imports. Moreover, gravimetric filling machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. Thailand (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.0% per year) and Thailand (-6.5% per year).

In value terms, China ($X) constituted the largest supplier of automatic gravimetric filling machines to Vietnam, comprising 54% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by Thailand, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.5% per year) and Thailand (-5.3% per year).

Import Prices by Country

In 2022, the average gravimetric filling machine import price amounted to $X per unit, shrinking by -3.2% against the previous year. In general, the import price, however, posted strong growth. The pace of growth appeared the most rapid in 2015 an increase of 77% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 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 Austria ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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