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

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

The Vietnamese market for diesel or semi-diesel electric generating sets of output under X kVA shrank to $X in 2021, dropping by -13.2% against the previous year. In general, consumption, however, recorded a moderate increase. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of diesel or semi-diesel electric generating sets of output under X kVA reached $X in 2021 estimated in export price. In general, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

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

Exports from Vietnam

In 2021, exports of diesel or semi-diesel electric generating sets of output under X kva from Vietnam skyrocketed to X units, jumping by 33% against the previous year's figure. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by 560%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA soared to $X in 2021. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2015 when exports increased by 813%. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Saudi Arabia (X units) and Singapore (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output under X kVA from Vietnam, together comprising 49% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +133.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Singapore ($X) appeared to be the largest markets for diesel or semi-diesel electric generating set of output under X kVA exported from Vietnam worldwide, with a combined 50% share of total exports. These countries were followed by Australia, Thailand, South Korea, Myanmar, Taiwan (Chinese), Cambodia, Mozambique and Lao People's Democratic Republic, which together accounted for a further 38%.

Taiwan (Chinese), with a CAGR of +135.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, waning by -13.5% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for diesel or semi-diesel electric generating sets of output under X kVA decreased by -10.0% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 38%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per unit) and Lao People's Democratic Republic ($X per unit), while the average price for exports to Myanmar ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.8%), 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 Under 75 kVA

Imports into Vietnam

Imports of diesel or semi-diesel electric generating sets of output under X kVA into Vietnam dropped significantly to X units in 2021, with a decrease of -33.7% against 2020. Overall, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2015 with an increase of 110%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA fell markedly to $X in 2021. In general, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 90% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest diesel or semi-diesel electric generating set of output under X kVA supplier to Vietnam, with a 64% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output under X kVA from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. Indonesia (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.8% per year) and Indonesia (+11.0% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output under X kVA to Vietnam, comprising 64% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by Indonesia, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.0% per year) and Indonesia (+11.8% per year).

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, surging by 5.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 31% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Italy ($X per unit), while the price for India ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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