Vietnam: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Vietnam

The Vietnamese market for instrument panel and wall clocks dropped significantly to $X in 2020, with a decrease of -X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Production of Instrument Panel And Wall Clocks in Vietnam

In value terms, instrument panel and wall clock production surged to $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. Instrument panel and wall clock production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Vietnam

In 2020, overseas shipments of instrument panel and wall clocks increased by X% to X tons, rising for the sixth consecutive year after four years of decline. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to continue growth in years to come.

In value terms, instrument panel and wall clock exports surged to $X in 2020. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Italy (X tons) and China (X tons) were the main destinations of instrument panel and wall clock exports from Vietnam.

From 2007 to 2020, the biggest increases were in Italy (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for instrument panel and wall clock exports from Vietnam, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and China (+X% per year).

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, shrinking by -X% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Japan ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into Vietnam

In 2020, instrument panel and wall clock imports into Vietnam contracted dramatically to X tons, waning by -X% compared with 2019. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, instrument panel and wall clock imports declined remarkably to $X in 2020. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) was the main supplier of instrument panel and wall clock to Vietnam, accounting for a X% share of total imports. It was followed by Germany (X tons), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for China amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

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