Report Update Nov 1, 2024

Vietnam - Hydraulic Presses for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Hydraulic Press Market 2024

Hydraulic Press Market Size in Vietnam

After five years of growth, the Vietnamese hydraulic press market decreased by -7% to $X in 2022. Over the period under review, consumption, however, saw buoyant growth. Hydraulic press consumption peaked at $X in 2021, and then contracted in the following year.

Hydraulic Press Exports

Exports from Vietnam

In 2022, hydraulic press exports from Vietnam dropped to X units, reducing by -8.7% against the previous year's figure. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 453% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped in the following year.

In value terms, hydraulic press exports expanded to $X in 2022. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 317% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units), Denmark (X units) and South Korea (X units) were the main destinations of hydraulic press exports from Vietnam, with a combined 86% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +112.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic press exported from Vietnam were India ($X), Denmark ($X) and South Korea ($X), with a combined 96% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of +150.3%, saw the highest growth rate of 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

The average hydraulic press export price stood at $X per unit in 2022, growing by 15% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 36%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+17.7%), while the prices for the other major destinations experienced a decline.

Hydraulic Press Imports

Imports into Vietnam

After five years of growth, supplies from abroad of hydraulic presses for working metal decreased by -5.9% to X units in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2018 with an increase of 102%. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted in the following year.

In value terms, hydraulic press imports shrank to $X in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 93%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic press supplier to Vietnam, accounting for a 76% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+21.1% per year) and Japan (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic presses for working metal to Vietnam, comprising 58% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.7% per year) and Japan (+5.9% per year).

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, shrinking by -2.6% against the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 77% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydraulic presses for working metal in the world?

The countries with the highest volumes of in 2021 were China, Finland and the United States, with a combined 41% share of global consumption.

What are the largest producers of hydraulic presses for working metal in the world?

The country with the largest volume of hydraulic press production was China, comprising approx. 47% of total volume. Moreover, hydraulic press production in China exceeded the figures recorded by the second-largest producer, Finland, fourfold. The third position in this ranking was occupied by the United States, with a 5.3% share.

What are the leading suppliers of hydraulic presses for working metal to Vietnam?

In value terms, the largest hydraulic press suppliers to Vietnam were China, South Korea and Japan, together accounting for 78% of total imports. Taiwan Chinese), India, Italy and Thailand lagged somewhat behind, together accounting for a further 19%.

What are the leading importers of hydraulic presses for working metal from Vietnam?

In value terms, Denmark remains the key foreign market for hydraulic press exports from Vietnam, comprising 64% of total exports. The second position in the ranking was occupied by Thailand, with an 18% share of total exports. It was followed by Cambodia, with a 10% share.

What is the average export price for hydraulic presses for working metal in Vietnam?

In 2021, the average hydraulic press export price amounted to $7,821 per unit, approximately mirroring the previous year.

What is the average import price for hydraulic presses for working metal in Vietnam?

In 2021, the average hydraulic press import price amounted to $4,192 per unit, falling by -20.9% against the previous year.

This report provides an in-depth analysis of the hydraulic press 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 28413350 - Hydraulic presses 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
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.

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