Vietnam: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Vietnam

The Vietnamese non-electric chainsaw market fell to $X in 2022, with a decrease of -9.5% 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, consumption continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Chainsaw Exports

Exports from Vietnam

In 2022, approx. X units of chainsaws with a self-contained non-electric motor were exported from Vietnam; shrinking by -11.3% compared with the year before. In general, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by 167%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, non-electric chainsaw exports reduced modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 176% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X units) was the main destination for non-electric chainsaw exports from Vietnam, accounting for a 50% share of total exports. Moreover, non-electric chainsaw exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Australia (X units), twofold. Uganda (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Lao People's Democratic Republic totaled +99.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Uganda (+59.3% per year).

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for chainsaws with a self-contained non-electric motor exports from Vietnam, comprising 59% of total exports. The second position in the ranking was taken by Australia ($X), with a 13% share of total exports. It was followed by Uganda, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lao People's Democratic Republic amounted to +104.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Uganda (+104.5% per year).

Export Prices by Country

The average non-electric chainsaw export price stood at $X per unit in 2022, rising by 12% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the 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 Uganda ($X per unit), while the average price for exports to Canada ($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 Uganda (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Chainsaw Imports

Imports into Vietnam

In 2022, approx. X units of chainsaws with a self-contained non-electric motor were imported into Vietnam; with a decrease of -7.4% against the year before. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by 116%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric chainsaw imports reduced to $X in 2022. In general, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric chainsaw to Vietnam, with a 49% share of total imports. Moreover, non-electric chainsaw imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was held by Brazil (X units), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-11.1% per year) and Brazil (-9.9% per year).

In value terms, the largest non-electric chainsaw suppliers to Vietnam were China ($X), Sweden ($X) and Brazil ($X), with a combined 88% share of total imports.

In terms of the main suppliers, China, with a CAGR of +4.3%, 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 mixed trend patterns.

Import Prices by Country

The average non-electric chainsaw import price stood at $X per unit in 2022, falling by -3.4% against the previous year. Overall, the import price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of 71% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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