Vietnam: Electric Soldering Iron Market 2025

Electric Soldering Iron Market Size in Vietnam

The Vietnamese electric soldering iron market soared to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a buoyant expansion. Electric soldering iron consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electric Soldering Iron Exports

Exports from Vietnam

In 2022, overseas shipments of electric soldering irons and guns were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electric soldering iron exports amounted to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X units) was the main destination for electric soldering iron exports from Vietnam, accounting for a X% share of total exports. Moreover, electric soldering iron exports to the Philippines exceeded the volume sent to the second major destination, the United States (X units), sixfold. Angola (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Angola (X% per year).

In value terms, the Philippines ($X) remains the key foreign market for electric soldering irons and guns exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the average electric soldering iron export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and the Philippines ($X per unit), while the average price for exports to Indonesia ($X per unit) and India ($X per unit) were amongst the lowest.

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

Electric Soldering Iron Imports

Imports into Vietnam

In 2022, approx. X units of electric soldering irons and guns were imported into Vietnam; rising by X% on the previous year's figure. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, electric soldering iron imports reduced to $X in 2022. In general, imports saw prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric soldering iron to Vietnam, accounting for a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. The Czech Republic (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Czech Republic (X% per year).

In value terms, China ($X) constituted the largest supplier of electric soldering irons and guns to Vietnam, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

Import Prices by Country

The average electric soldering iron import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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