Vietnam: Calendering Cylinder Market 2024

Calendering Cylinder Market Size in Vietnam

In 2021, the Vietnamese calendering cylinder market decreased by -11.9% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, continues to indicate a buoyant expansion. Calendering cylinder consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Calendering Cylinder Exports

Exports from Vietnam

Calendering cylinder exports from Vietnam declined rapidly to X units in 2021, shrinking by -44.1% compared with 2020 figures. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 956% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, calendering cylinder exports dropped remarkably to $X in 2021. In general, exports saw a deep slump. The growth pace was the most rapid in 2016 when exports increased by 580%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X units) was the main destination for calendering cylinder exports from Vietnam, with a 79% share of total exports. It was followed by Myanmar (X units), with a 0.9% share of total exports. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (-44.1% per year) and Taiwan (Chinese) (-48.1% per year).

In value terms, Thailand ($X) remains the key foreign market for cylinders for calendering exports from Vietnam, comprising 75% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 1.1% share of total exports. It was followed by Malaysia, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (-26.2% per year) and Malaysia (-36.4% per year).

Export Prices by Country

The average calendering cylinder export price stood at $X per unit in 2021, which is down by -5.1% against the previous year. In general, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 103%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sri Lanka ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.

Calendering Cylinder Imports

Imports into Vietnam

In 2021, supplies from abroad of cylinders for calendering decreased by -24.6% to X units, falling for the second consecutive year after three years of growth. Overall, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 127%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, calendering cylinder imports shrank to $X in 2021. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 120% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of calendering cylinder to Vietnam, accounting for a 42% share of total imports. Moreover, calendering cylinder imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Singapore (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+26.6% per year) and Singapore (-8.5% per year).

In value terms, China ($X) constituted the largest supplier of cylinders for calendering to Vietnam, comprising 44% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by Singapore, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+29.9% per year) and Singapore (-5.5% per year).

Import Prices by Country

The average calendering cylinder import price stood at $X per unit in 2021, surging by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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