Vietnam: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in Vietnam

After two years of growth, the Vietnamese balloon and dirigible market decreased by X% to $X in 2022. In general, consumption, however, recorded significant growth. Over the period under review, the market hit record highs at $X in 2021, and then fell notably in the following year.

Balloon And Dirigible Production in Vietnam

In value terms, balloon and dirigible production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a notable expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Balloon And Dirigible Exports

Exports from Vietnam

In 2022, shipments abroad of balloons, dirigibles and other non-powered aircraft increased by X% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, balloon and dirigible exports declined dramatically to $X in 2022. In general, exports recorded a perceptible expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

The United States (X units) was the main destination for balloon and dirigible exports from Vietnam, with a X% share of total exports. It was followed by South Korea (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Australia (X% per year).

In value terms, the United States ($X) remains the key foreign market for balloons, dirigibles and other non-powered aircraft exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the average balloon and dirigible export price amounted to $X per unit, waning by X% against the previous year. In general, the export price saw a abrupt decrease. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Balloon And Dirigible Imports

Imports into Vietnam

In 2022, the amount of balloons, dirigibles and other non-powered aircraft imported into Vietnam skyrocketed to X units, increasing by X% on the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, balloon and dirigible imports surged to $X in 2022. Over the period under review, imports saw modest growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Singapore (X units), China (X units) and Japan (X units) were the main suppliers of balloon and dirigible imports to Vietnam, with a combined X% share of total imports.

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

In value terms, the largest balloon and dirigible suppliers to Vietnam were Singapore ($X), China ($X) and Thailand ($X), together comprising X% of total imports. Japan lagged somewhat behind, accounting for a further X%.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average balloon and dirigible import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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