Vietnam: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Vietnam

The Vietnamese market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA reduced to $X in 2022, approximately equating the previous year. Overall, consumption showed a perceptible decrease. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in Vietnam

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of 304% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Vietnam

In 2022, the amount of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA exported from Vietnam was estimated at X units, stabilizing at 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 492% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA expanded rapidly to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 481%. Over the period under review, the exports of hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units), Singapore (X units) and Taiwan (Chinese) (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Vietnam, together comprising 76% 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 Russia (with a CAGR of +59.9%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Russia ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Vietnam worldwide, with a combined 75% share of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +98.2%, saw the highest growth rate of the value of exports, 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 export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, growing by 7.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to Russia ($X per unit) and Cambodia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Vietnam

In 2022, overseas purchases of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 21% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 35% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -46.7% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 29%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier to Vietnam, accounting for a 45% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from China exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The United States (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.9% per year) and the United States (+28.2% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Vietnam, comprising 45% of total imports. The second position in the ranking was taken by the UK ($X), with a 21% share of total imports. It was followed by the United States, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+6.1% per year) and the United States (+26.0% per year).

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the import price showed a mild setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 14% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and the United States ($X per unit), while the price for the UK ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :