Vietnam: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Vietnam

In 2021, the Vietnamese endless machinery band market decreased by -37.9% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a abrupt downturn. Endless machinery band consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Endless Machinery Band Exports

Exports from Vietnam

After two years of growth, shipments abroad of endless bands for machinery, of stainless steel decreased by -68.1% to X square meters in 2021. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 3,311%. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, endless machinery band exports contracted rapidly to $X in 2021. Over the period under review, exports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 1,011% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X square meters) was the main destination for endless machinery band exports from Vietnam, accounting for a 83% share of total exports. Moreover, endless machinery band exports to Cambodia exceeded the volume sent to the second major destination, South Korea (X square meters), tenfold. The third position in this ranking was taken by China (X square meters), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Cambodia amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and China (+21.3% per year).

In value terms, the largest markets for endless machinery band exported from Vietnam were China ($X), Cambodia ($X) and South Korea ($X), together accounting for 99% of total exports.

Among the main countries of destination, China, with a CAGR of +41.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average endless machinery band export price amounted to $X per square meter, shrinking by -52.7% against the previous year. Over the period under review, the export price, however, saw a temperate expansion. The growth pace was the most rapid in 2015 an increase of 96% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per square meter), while the average price for exports to Cambodia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+318.3%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into Vietnam

In 2021, overseas purchases of endless bands for machinery, of stainless steel decreased by -28.8% to X square meters, falling for the second consecutive year after three years of growth. Overall, imports recorded a mild reduction. The pace of growth appeared the most rapid in 2015 with an increase of 175% against the previous year. Imports peaked at X square meters in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, endless machinery band imports declined markedly to $X in 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 148% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X square meters), Austria (X square meters) and China (X square meters) were the main suppliers of endless machinery band imports to Vietnam, together accounting for 69% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +57.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest endless machinery band suppliers to Vietnam were the Netherlands ($X), Austria ($X) and China ($X), together comprising 63% of total imports.

The Netherlands, with a CAGR of +45.2%, saw the highest growth rate of the value of imports, among 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 endless machinery band import price stood at $X per square meter in 2021, which is down by -17.6% against the previous year. Overall, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 32% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 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, the country with the highest price was Germany ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :