Vietnam - Hydraulic Cylinders and Systems - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVietnam: Market for Hydraulic Cylinders And Systems 2024
Market Size for Hydraulic Cylinders And Systems in Vietnam
In 2022, after two years of decline, there was significant growth in the Vietnamese hydraulic cylinder and system market, when its value increased by 6.2% to $X. In general, consumption recorded a temperate expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.
Exports of Hydraulic Cylinders And Systems
Exports from Vietnam
In 2022, hydraulic cylinder and system exports from Vietnam fell notably to X units, which is down by -36.3% against the year before. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2015 with an increase of 432%. Over the period under review, the exports reached the maximum at X units in 2021, and then contracted dramatically in the following year.
In value terms, hydraulic cylinder and system exports dropped markedly to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 448% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced dramatically in the following year.
Exports by Country
Japan (X units) was the main destination for hydraulic cylinder and system exports from Vietnam, with a 72% share of total exports. Moreover, hydraulic cylinder and system exports to Japan exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), threefold. The third position in this ranking was taken by the Czech Republic (X units), with a 1.7% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+98.4% per year) and the Czech Republic (+23.1% per year).
In value terms, Japan ($X) remains the key foreign market for hydraulic cylinders and systems exports from Vietnam, comprising 71% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 24% share of total exports. It was followed by the Czech Republic, with a 1.8% share.
From 2012 to 2022, the average annual growth rate of value to Japan amounted to +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+97.0% per year) and the Czech Republic (+23.6% per year).
Export Prices by Country
In 2022, the average hydraulic cylinder and system export price amounted to $X per unit, increasing by 3.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 13%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per unit) and the Czech Republic ($X per unit), while the average price for exports to Japan ($X per unit) and Lao People's Democratic Republic ($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 Germany (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydraulic Cylinders And Systems
Imports into Vietnam
In 2022, imports of hydraulic cylinders and systems into Vietnam dropped slightly to X units, which is down by -1.6% on the previous year's figure. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2019 with an increase of 275% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hydraulic cylinder and system imports fell modestly to $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 312% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.
Imports by Country
China (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of hydraulic cylinder and system imports to Vietnam, with a combined 62% share of total imports. Germany, Japan, South Korea, Thailand, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 33%.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +55.5%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest hydraulic cylinder and system suppliers to Vietnam were China ($X), the Netherlands ($X) and Italy ($X), together comprising 62% of total imports. Germany, Japan, South Korea, Thailand, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further 33%.
Thailand, with a CAGR of +51.3%, saw the highest rates of growth with regard to 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 hydraulic cylinder and system import price stood at $X per unit in 2022, leveling off at the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-2.7%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for hydraulic cylinder and system 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 28121130 - Hydraulic cylinders
- Prodcom 28121630 - Hydraulic systems (power packs with actuators)
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
- Find deeper insights into current market developments
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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