Vietnam: Calendering Machine Market 2024

Calendering Machine Market Size in Vietnam

In 2021, the Vietnamese calendering machine market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate strong growth. Calendering machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Calendering Machine Exports

Exports from Vietnam

For the fourth consecutive year, Vietnam recorded growth in shipments abroad of calendering and rolling machines, which increased by 31% to X units in 2021. In general, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 379%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, calendering machine exports soared to $X in 2021. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 220%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for calendering machine exports from Vietnam, accounting for a 97% share of total exports. It was followed by Lao People's Democratic Republic (X units), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +64.3%.

In value terms, the United States ($X) remains the key foreign market for calendering and rolling machines exports from Vietnam, comprising 61% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-23.6% per year) and Myanmar (-22.2% per year).

Export Prices by Country

In 2021, the average calendering machine export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 117%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, 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 Lao People's Democratic Republic ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.

Calendering Machine Imports

Imports into Vietnam

After two years of decline, purchases abroad of calendering and rolling machines increased by 50% to X units in 2021. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 66% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, calendering machine imports surged to $X in 2021. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 165%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Singapore (X units) and Malaysia (X units) were the main suppliers of calendering machine imports to Vietnam, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +52.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of calendering and rolling machines to Vietnam, comprising 57% of total imports. The second position in the ranking was taken by Singapore ($X), with a 1.4% share of total imports. It was followed by Malaysia, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+22.8% per year) and Malaysia (+40.3% per year).

Import Prices by Country

The average calendering machine import price stood at $X per unit in 2021, waning by -11% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calendering machine import price decreased by -14.0% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 113%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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