Vietnam: Market for Dentist And Barber Chairs 2024

Market Size for Dentist And Barber Chairs in Vietnam

The Vietnamese dentist or barber chair market expanded sharply to $X in 2022, increasing by 11% against the previous year. Over the period under review, consumption, however, saw a deep reduction. Dentist or barber chair consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Dentist And Barber Chairs in Vietnam

In value terms, dentist or barber chair production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 49%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Dentist And Barber Chairs

Exports from Vietnam

In 2022, shipments abroad of dentist and barber chairs decreased by -32.8% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 192%. As a result, the exports attained the peak of X units, and then contracted sharply in the following year.

In value terms, dentist or barber chair exports declined remarkably to $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 157%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X units) was the main destination for dentist or barber chair exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +146.0%.

In value terms, Myanmar ($X) emerged as the key foreign market for dentist and barber chairs exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to Myanmar amounted to +149.3%.

Export Prices by Country

In 2022, the average dentist or barber chair export price amounted to $X per unit, growing by 8.2% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dentist or barber chair export price decreased by -20.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 39%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +7.5% per year.

Imports of Dentist And Barber Chairs

Imports into Vietnam

In 2022, approx. X units of dentist and barber chairs were imported into Vietnam; remaining constant against the previous year's figure. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 477%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, dentist or barber chair imports reduced slightly to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 328%. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, China (X units) was the main dentist or barber chair supplier to Vietnam, accounting for a 93% share of total imports. Moreover, dentist or barber chair imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +46.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.3% per year) and the United States (+22.0% per year).

In value terms, China ($X) constituted the largest supplier of dentist and barber chairs to Vietnam, comprising 82% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +43.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+25.8% per year) and the United States (+15.8% per year).

Import Prices by Country

The average dentist or barber chair import price stood at $X per unit in 2022, reducing by -4.7% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 24%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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