Vietnam: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Vietnam

In 2021, the Vietnamese market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by less than 0.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, posted a strong expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Vietnam

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were exported from Vietnam; falling by -69% against 2020. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 643% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted sharply to $X in 2021. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 739%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Vietnam, accounting for a 310% share of total exports. Moreover, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Indonesia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), eightfold. China (X units) ranked third in terms of total exports with a 29% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-8.0% per year) and China (+5.5% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from Vietnam, comprising 51% of total exports. The second position in the ranking was held by Myanmar ($X), with a 19% share of total exports. It was followed by Lao People's Democratic Republic, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+159.9% per year) and Lao People's Democratic Republic (-7.2% per year).

Export Prices by Country

In 2021, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, picking up by 62% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to the United Arab Emirates ($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 Myanmar (+41.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Vietnam

In 2021, overseas purchases of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -2.1% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,354%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X in 2021. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 406% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Japan (X units) and China (X units) were the main suppliers of imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Vietnam, together comprising 36% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +16.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Vietnam were Germany ($X), Japan ($X) and China ($X), together comprising 51% of total imports.

Germany, with a CAGR of +25.3%, 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 more modest paces of growth.

Import Prices by Country

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, rising by 6.3% against the previous year. Overall, the import price saw a remarkable increase. The growth pace was the most rapid in 2013 an increase of 160% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from India ($X per unit) and Japan ($X per unit), while the price for the UK ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform