Vietnam: Computing Machinery Market 2024

Computing Machinery Market Size in Vietnam

In 2021, the Vietnamese computing machinery market decreased by -10% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed a slight expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Computing Machinery Production in Vietnam

In value terms, computing machinery production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Computing Machinery Exports

Exports from Vietnam

In 2021, shipments abroad of computing machinery and parts and accessories thereof was finally on the rise to reach X tons after two years of decline. Overall, total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 53%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, computing machinery exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 110% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main destinations of computing machinery exports from Vietnam, together comprising 44% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +12.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Vietnam, comprising 14% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 3.8% share of total exports. It was followed by South Korea, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+10.6% per year) and South Korea (+34.8% per year).

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, surging by 81% against the previous year. Over the period under review, the export price posted a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Vietnam

After two years of growth, overseas purchases of computing machinery and parts and accessories thereof decreased by -9.9% to X tons in 2021. Overall, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, computing machinery imports reduced to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

China (X tons), Hong Kong SAR (X tons) and Japan (X tons) were the main suppliers of computing machinery imports to Vietnam.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +58.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Vietnam, comprising 59% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 18% share of total imports. It was followed by Malaysia, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+51.6% per year) and Malaysia (+4.3% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, standing approx. at the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery import price increased by +19.0% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 94% against the previous year. The import price peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :