Vietnam: Breathing Appliances Market 2024

Breathing Appliances Market Size in Vietnam

The Vietnamese breathing appliances market contracted sharply to $X in 2022, falling by -20.8% 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, recorded a remarkable increase. Breathing appliances consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Breathing Appliances Exports

Exports from Vietnam

In 2022, overseas shipments of breathing appliances and gas masks decreased by -5.2% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 995% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, breathing appliances exports surged to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 686% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and Norway (X units) were the main destinations of breathing appliances exports from Vietnam, together comprising 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +122.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Thailand ($X) appeared to be the largest markets for breathing appliances exported from Vietnam worldwide, with a combined 74% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +90.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average breathing appliances export price stood at $X per unit in 2022, rising by 26% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Czech Republic ($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 Thailand (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Breathing Appliances Imports

Imports into Vietnam

In 2022, breathing appliances imports into Vietnam contracted remarkably to X units, reducing by -29.6% on the year before. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 91%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, breathing appliances imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 79% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), South Korea (X units) and the United States (X units) were the main suppliers of breathing appliances imports to Vietnam, together accounting for 50% of total imports. Germany, Poland, Singapore, Japan, Ireland, Canada, Taiwan (Chinese), the Czech Republic, the UK and Italy lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest breathing appliances suppliers to Vietnam were South Korea ($X), China ($X) and Ireland ($X), together accounting for 49% of total imports. The United States, Germany, Singapore, Poland, Japan, Canada, Taiwan (Chinese), the UK, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 36%.

Among the main suppliers, Singapore, with a CAGR of +36.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average breathing appliances import price stood at $X per unit in 2022, jumping by 26% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. 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 Ireland ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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