Vietnam: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Vietnam

In 2021, after two years of growth, there was significant decline in the Vietnamese centrifugal clothes-dryer market, when its value decreased by -27.4% to $X. Over the period under review, consumption faced a deep contraction. Centrifugal clothes-dryer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Centrifugal Clothes-Dryer Production in Vietnam

In value terms, centrifugal clothes-dryer production reduced markedly to $X in 2021 estimated in export price. In general, production faced a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 126% against the previous year. Centrifugal clothes-dryer production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Vietnam

Centrifugal clothes-dryer exports from Vietnam dropped rapidly to X units in 2021, falling by -24.3% compared with 2020. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 5,462%. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, centrifugal clothes-dryer exports dropped significantly to $X in 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 9,315%. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Pakistan (X units) was the main destination for centrifugal clothes-dryer exports from Vietnam, with a 96% share of total exports. It was followed by Ethiopia (X units), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+69.5% per year) and Sweden (0.0% per year).

In value terms, Pakistan ($X) emerged as the key foreign market for centrifugal clothes-dryers exports from Vietnam, comprising 96% of total exports. The second position in the ranking was held by Ethiopia ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+53.0% per year) and Sweden (0.0% per year).

Export Prices by Country

The average centrifugal clothes-dryer export price stood at $X per unit in 2021, waning by -10.6% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 75% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Sweden ($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 Kuwait (+49.4%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into Vietnam

In 2021, approx. X units of centrifugal clothes-dryers were imported into Vietnam; declining by -24.6% against 2020 figures. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 127%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, centrifugal clothes-dryer imports declined sharply to $X in 2021. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 99.9%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of centrifugal clothes-dryer imports to Vietnam, with a combined 70% share of total imports. These countries were followed by Germany, Russia, Poland, South Korea, Sweden, Italy, Thailand and Australia, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest centrifugal clothes-dryer suppliers to Vietnam, together comprising 61% of total imports. These countries were followed by Poland, Russia, Germany, South Korea, Sweden, Italy, Thailand and Australia, which together accounted for a further 25%.

In terms of the main suppliers, Germany, with a CAGR of +30.3%, saw the highest rates of growth with regard to 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 centrifugal clothes-dryer import price stood at $X per unit in 2021, surging by 5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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