Vietnam: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Vietnam

In 2021, the Vietnamese digital data processing machine market decreased by -48.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded strong growth. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Vietnam

In 2021, shipments abroad of digital data processing machines: presented in the form of systems decreased by -49.9% to X units, falling for the second consecutive year after three years of growth. Overall, exports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2014 when exports increased by 257% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, digital data processing machine exports contracted sharply to $X in 2021. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 31% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for digital data processing machine exports from Vietnam, accounting for a 41% share of total exports. Moreover, digital data processing machine exports to France exceeded the volume sent to the second major destination, Egypt (X units), more than tenfold. Canada (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-11.0% per year) and Canada (+16.4% per year).

In value terms, France ($X) remains the key foreign market for digital data processing machines: presented in the form of systems exports from Vietnam, comprising 36% of total exports. The second position in the ranking was held by Italy ($X), with a 0.8% share of total exports. It was followed by the United States, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.1% per year) and the United States (-21.2% per year).

Export Prices by Country

The average digital data processing machine export price stood at $X per unit in 2021, declining by -2.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 47% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Sweden ($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 South Africa (+84.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Vietnam

In 2021, purchases abroad of digital data processing machines: presented in the form of systems decreased by -49.6% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 484% against the previous year. As a result, imports reached the peak of X units, and then fell significantly in the following year.

In value terms, digital data processing machine imports fell notably to $X in 2021. Overall, imports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 228%. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2021, Singapore (X units) constituted the largest digital data processing machine supplier to Vietnam, with a 79% share of total imports. Moreover, digital data processing machine imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+50.9% per year) and Malaysia (+130.3% per year).

In value terms, Malaysia ($X), China ($X) and Singapore ($X) appeared to be the largest digital data processing machine suppliers to Vietnam, with a combined 53% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +15.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average digital data processing machine import price stood at $X per unit in 2021, surging by 4.3% against the previous year. Overall, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-10.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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