Vietnam: Market for Gas and Smoke Analysers 2024

Market Size for Gas and Smoke Analysers in Vietnam

In 2021, the Vietnamese gas and smoke analyser market decreased by -14.9% to $X, falling for the second year in a row after three years of growth. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.0% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Gas and Smoke Analysers in Vietnam

In value terms, gas and smoke analyser production stood at $X in 2021 estimated in export price. Over the period under review, production enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 47% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Gas and Smoke Analysers

Exports from Vietnam

In 2021, exports of gas and smoke analysers from Vietnam surged to X units, with an increase of 46% compared with 2020. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 811%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, gas and smoke analyser exports surged to $X in 2021. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 2,288% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

South Korea (X units), Slovakia (X units) and China (X units) were the main destinations of gas and smoke analyser exports from Vietnam, together accounting for 68% of total exports. India and Mexico lagged somewhat behind, together comprising a further 3.3%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +179.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for gas and smoke analysers exports from Vietnam, comprising 68% of total exports. The second position in the ranking was taken by China ($X), with a 9.1% share of total exports. It was followed by Slovakia, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to +112.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+116.4% per year) and Slovakia (+24.7% per year).

Export Prices by Country

In 2021, the average gas and smoke analyser export price amounted to $X per unit, which is down by -7.9% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +12.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 162% against the previous year. The export price peaked at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Slovakia ($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 Mexico (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gas and Smoke Analysers

Imports into Vietnam

In 2021, supplies from abroad of gas and smoke analysers decreased by -0.7% to X units, falling for the second consecutive year after four years of growth. In general, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.5% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 37%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, gas and smoke analyser imports shrank modestly to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), the United States (X units) and South Korea (X units) were the main suppliers of gas and smoke analyser imports to Vietnam, with a combined 42% share 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 +43.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and South Korea ($X) constituted the largest gas and smoke analyser suppliers to Vietnam, with a combined 41% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +43.7%, recorded 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

The average gas and smoke analyser import price stood at $X per unit in 2021, shrinking by -2.3% against the previous year. Over the period under review, the import price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2014 an increase of 10% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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