Vietnam: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Vietnam

The Vietnamese dry-cleaning machine market surged to $X in 2021, with an increase of 19% against the previous year. In general, consumption, however, showed a mild slump. Dry-cleaning machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Dry-Cleaning Machine Production in Vietnam

In value terms, dry-cleaning machine production reduced to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 1.3%. Dry-cleaning machine production peaked at $X in 2020, and then fell in the following year.

Dry-Cleaning Machine Exports

Exports from Vietnam

After two years of decline, shipments abroad of dry-cleaning machines increased by 150% to X units in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 294% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, dry-cleaning machine exports skyrocketed to $X in 2021. In general, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 5,401% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X units) was the main destination for dry-cleaning machine exports from Vietnam, with a 60% share of total exports. Moreover, dry-cleaning machine exports to Myanmar exceeded the volume sent to the second major destination, Pakistan (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and Ethiopia (0.0% per year).

In value terms, Ethiopia ($X) emerged as the key foreign market for dry-cleaning machines exports from Vietnam, comprising 21% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 9.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ethiopia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+84.3% per year) and Pakistan (0.0% per year).

Export Prices by Country

The average dry-cleaning machine export price stood at $X per unit in 2021, with an increase of 142% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 162% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+29.0%).

Dry-Cleaning Machine Imports

Imports into Vietnam

In 2021, the amount of dry-cleaning machines imported into Vietnam skyrocketed to X units, picking up by 38% against the year before. In general, imports, however, showed a deep slump. The growth pace was the most rapid in 2017 when imports increased by 285% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, dry-cleaning machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 232% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), Thailand (X units) and the United States (X units) were the main suppliers of dry-cleaning machine imports to Vietnam, together accounting for 68% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +37.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Thailand ($X) and the United States ($X) were the largest dry-cleaning machine suppliers to Vietnam, with a combined 85% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +88.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dry-cleaning machine import price amounted to $X per unit, which is down by -5% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of 53% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Thailand ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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