Report Update Nov 1, 2024

Vietnam - Honing or Lapping Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Vietnam

The Vietnamese metal honing machine market soared to $X in 2021, rising by 90% 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). In general, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Metal Honing Machine Exports

Exports from Vietnam

Metal honing machine exports from Vietnam reduced sharply to X units in 2021, dropping by -80% on 2020. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2019 when exports increased by 1,700%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal honing machine exports contracted remarkably to $X in 2021. Over the period under review, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 3,415%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X units) was the main destination for metal honing machine exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Thailand was relatively modest.

In value terms, Malaysia ($X), Thailand ($X) and Lao People's Democratic Republic ($X) were the largest markets for metal honing machine exported from Vietnam worldwide, with a combined 45% share of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of -12.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average metal honing machine export price stood at $X per unit in 2021, reducing by -56.6% against the previous year. Overall, the export price recorded a abrupt slump. The growth pace was the most rapid in 2019 when the average export price increased by 95% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to India totaled $X per unit.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-36.8%).

Metal Honing Machine Imports

Imports into Vietnam

Metal honing machine imports into Vietnam surged to X units in 2021, with an increase of 122% against the previous year's figure. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 399%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, metal honing machine imports skyrocketed to $X in 2021. Overall, imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of 488% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest metal honing machine supplier to Vietnam, accounting for a 75% share of total imports. Moreover, metal honing machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. China (X units) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.6% per year) and China (+18.7% per year).

In value terms, the largest metal honing machine suppliers to Vietnam were China ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined 14% share of total imports.

China, with a CAGR of +3.6%, recorded 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 a decline.

Import Prices by Country

The average metal honing machine import price stood at $X per unit in 2021, waning by -44.8% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 57%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-12.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for honing or lapping machines for working metal in the world?

The United States constituted the country with the largest volume of metal honing machine consumption, comprising approx. 30% of total volume. Moreover, metal honing machine consumption in the United States exceeded the figures recorded by the second-largest consumer, Italy, threefold. Japan ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of honing or lapping machines for working metal in the world?

The United States remains the largest metal honing machine producing country worldwide, accounting for 41% of total volume. Moreover, metal honing machine production in the United States exceeded the figures recorded by the second-largest producer, Japan, threefold. Taiwan Chinese) ranked third in terms of total production with a 12% share.

What are the leading suppliers of honing or lapping machines for working metal to Vietnam?

In value terms, China, Italy and South Korea constituted the largest metal honing machine suppliers to Vietnam, with a combined 58% share of total imports.

What are the leading importers of honing or lapping machines for working metal from Vietnam?

In value terms, South Korea remains the key foreign market for metal honing machine exports from Vietnam, comprising 51% of total exports. The second position in the ranking was occupied by Taiwan Chinese), with a 12% share of total exports. It was followed by Lao People's Democratic Republic, with a 3.8% share.

What is the average export price for honing or lapping machines for working metal in Vietnam?

In 2021, the average metal honing machine export price amounted to $5,300 per unit, approximately equating the previous year.

What is the average import price for honing or lapping machines for working metal in Vietnam?

In 2021, the average metal honing machine import price amounted to $2,814 per unit, growing by 2.7% against the previous year.

This report provides an in-depth analysis of the metal honing machine market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412385 - Honing or lapping machines for working metal

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023