Vietnam: Chromatograph Market 2024

Chromatograph Market Size in Vietnam

The Vietnamese chromatograph market shrank to $X in 2022, with a decrease of -13.5% 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). Over the period under review, consumption, however, showed buoyant growth. Chromatograph consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Chromatograph Exports

Exports from Vietnam

In 2022, approx. X units of chromatographs and electrophoresis instruments were exported from Vietnam; with a decrease of -31.7% against the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 216% against the previous year. As a result, the exports attained the peak of X units, and then fell notably in the following year.

In value terms, chromatograph exports dropped significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 381% against the previous year. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Lao People's Democratic Republic (X units), China (X units) and Singapore (X units) were the main destinations of chromatograph exports from Vietnam, together accounting for 37% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of +21.5%), while the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X), Singapore ($X) and Cambodia ($X) appeared to be the largest markets for chromatograph exported from Vietnam worldwide, with a combined 55% share of total exports.

Lao People's Democratic Republic, with a CAGR of +79.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chromatograph export price amounted to $X per unit, reducing by -11.6% against the previous year. Overall, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2019 an increase of 94%. The export price peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the UK ($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 Japan (+58.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chromatograph Imports

Imports into Vietnam

In 2022, imports of chromatographs and electrophoresis instruments into Vietnam dropped rapidly to X units, waning by -18.7% on the previous year. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 149%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, chromatograph imports fell to $X in 2022. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 230%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X units) constituted the largest supplier of chromatograph to Vietnam, accounting for a 33% share of total imports. Moreover, chromatograph imports from Singapore exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fivefold. Ireland (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore amounted to +48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+57.2% per year) and Ireland (+56.8% per year).

In value terms, Singapore ($X) constituted the largest supplier of chromatographs and electrophoresis instruments to Vietnam, comprising 26% of total imports. The second position in the ranking was taken by Ireland ($X), with a 10% share of total imports. It was followed by the United States, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+104.4% per year) and the United States (-8.4% per year).

Import Prices by Country

The average chromatograph import price stood at $X per unit in 2022, with an increase of 11% against the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The growth pace was the most rapid in 2013 an increase of 33%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Thailand ($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 (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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