Vietnam: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Vietnam

The Vietnamese chain scoops and sliders market declined to $X in 2022, which is down by -6.6% 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). In general, the total consumption indicated notable growth 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, consumption increased by +7.7% against 2020 indices. Chain scoops and sliders consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Vietnam

In 2022, shipments abroad of chain scoops, sliders, runners, end pieces and narrow strips decreased by -17.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, chain scoops and sliders exports shrank slightly to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 54%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined slightly in the following year.

Exports by Country

Indonesia (X tons), Bangladesh (X tons) and Cambodia (X tons) were the main destinations of chain scoops and sliders exports from Vietnam, together comprising 46% of total exports. China, South Korea, Thailand, India, the Philippines, Sri Lanka, Pakistan, Taiwan (Chinese), Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +87.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chain scoops and sliders exported from Vietnam were Indonesia ($X), Bangladesh ($X) and Cambodia ($X), with a combined 47% share of total exports. China, South Korea, Thailand, India, the Philippines, Sri Lanka, Pakistan, Turkey, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 46%.

In terms of the main countries of destination, the Philippines, with a CAGR of +87.9%, recorded the highest growth rate of 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 chain scoops and sliders export price stood at $X per ton in 2022, surging by 16% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bangladesh ($X per ton) and Turkey ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Vietnam

Chain scoops and sliders imports into Vietnam fell slightly to X tons in 2022, declining by -3.8% compared with 2021 figures. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +4.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 33%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, chain scoops and sliders imports reduced to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +11.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of chain scoops and sliders to Vietnam, with a 42% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.5% per year) and Taiwan (Chinese) (+7.0% per year).

In value terms, China ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to Vietnam, comprising 42% of total imports. The second position in the ranking was held by Japan ($X), with an 18% share of total imports. It was followed by Taiwan (Chinese), with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.2% per year) and Taiwan (Chinese) (+6.7% per year).

Import Prices by Country

The average chain scoops and sliders import price stood at $X per ton in 2022, waning by -5.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 13%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :