Vietnam: Hand-Held Blow Pipe Market 2024

Hand-Held Blow Pipe Market Size in Vietnam

In 2021, after six years of decline, there was growth in the Vietnamese hand-held blow pipe market, when its value increased by 1.4% to $X. Over the period under review, consumption, however, showed a abrupt setback. Hand-held blow pipe consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hand-Held Blow Pipe Production in Vietnam

In value terms, hand-held blow pipe production totaled $X in 2021 estimated in export price. In general, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 15%. Hand-held blow pipe production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hand-Held Blow Pipe Exports

Exports from Vietnam

Hand-held blow pipe exports from Vietnam soared to X units in 2021, with an increase of 274% on the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 11,680% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, hand-held blow pipe exports surged to $X in 2021. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 17,050%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The Czech Republic (X units) was the main destination for hand-held blow pipe exports from Vietnam, accounting for a 50% share of total exports. Moreover, hand-held blow pipe exports to the Czech Republic exceeded the volume sent to the second major destination, Malaysia (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at +68.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and the United States (+105.8% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for hand-held blow pipes for soldering, brazing or welding exports from Vietnam, comprising 51% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports. It was followed by the United States, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic stood at +90.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and the United States (+128.9% per year).

Export Prices by Country

The average hand-held blow pipe export price stood at $X per unit in 2021, remaining stable against the previous year. Overall, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to the United States ($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 the Czech Republic (+12.7%), while the prices for the other major destinations experienced a decline.

Hand-Held Blow Pipe Imports

Imports into Vietnam

In 2021, hand-held blow pipe imports into Vietnam fell notably to X units, shrinking by -39.7% against 2020. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 110% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hand-held blow pipe imports shrank notably to $X in 2021. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 88%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), China (X units) and Estonia (X units) were the main suppliers of hand-held blow pipe imports to Vietnam, with a combined 78% share of total imports. Austria, Singapore, Thailand, Japan, Italy, France and Denmark lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +38.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand-held blow pipe suppliers to Vietnam were Austria ($X), South Korea ($X) and China ($X), with a combined 74% share of total imports.

In terms of the main suppliers, Austria, with a CAGR of +55.9%, saw the highest growth rate of 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 hand-held blow pipe import price stood at $X per unit in 2021, growing by 15% against the previous year. Overall, the import price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2015 an increase of 57% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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 Austria ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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