Vietnam: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Vietnam

The Vietnamese market for electric burglar or fire alarms and similar apparatus was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Vietnam

For the fourth year in a row, Vietnam recorded growth in shipments abroad of electric burglar or fire alarms and similar apparatus, which increased by 1% to X units in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 392% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, electric burglar or fire alarm exports rose markedly to $X in 2021. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 338% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for electric burglar or fire alarm exports from Vietnam, accounting for a 79% share of total exports. Moreover, electric burglar or fire alarm exports to the United States exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. Japan (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +323.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+108.0% per year) and Japan (+67.4% per year).

In value terms, the United States ($X) remains the key foreign market for electric burglar or fire alarms and similar apparatus exports from Vietnam, comprising 79% of total exports. The second position in the ranking was taken by Germany ($X), with a 6.7% share of total exports. It was followed by Japan, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +341.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+117.4% per year) and Japan (+72.4% per year).

Export Prices by Country

In 2021, the average export price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, picking up by 6.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +6.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 28% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Lao People's Democratic Republic ($X per unit) and the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and South Korea ($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 the United Arab Emirates (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Vietnam

In 2021, purchases abroad of electric burglar or fire alarms and similar apparatus was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 42% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, electric burglar or fire alarm imports reached $X in 2021. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 95%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and Taiwan (Chinese) (X units) were the main suppliers of electric burglar or fire alarm imports to Vietnam, together comprising 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +189.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric burglar or fire alarm suppliers to Vietnam were China ($X), Poland ($X) and Taiwan (Chinese) ($X), together comprising 61% of total imports.

Poland, with a CAGR of +207.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2021, with an increase of 9.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.8%. The growth pace was the most rapid in 2013 when the average import price increased by 40%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from India ($X per unit) and Japan ($X per unit), while the price for South Korea ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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