Vietnam: Industrial Brewery Machinery Market 2024

Industrial Brewery Machinery Market Size in Vietnam

The Vietnamese industrial brewery machinery market was finally on the rise to reach $X in 2022, after five years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Industrial Brewery Machinery Exports

Exports from Vietnam

In 2022, industrial brewery machinery exports from Vietnam dropped remarkably to X units, reducing by X% compared with the year before. In general, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial brewery machinery exports reduced remarkably to $X in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X units) and Germany (X units) were the main destinations of industrial brewery machinery exports from Vietnam.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of X%).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for industrial brewery machinery exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic totaled X%.

Export Prices by Country

The average industrial brewery machinery export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, 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 Lao People's Democratic Republic ($X per unit), while the average price for exports to Germany stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Solomon Islands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Brewery Machinery Imports

Imports into Vietnam

After four years of decline, overseas purchases of industrial brewery machinery increased by X% to X units in 2022. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial brewery machinery imports expanded modestly to $X in 2022. In general, imports, however, saw a mild decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest industrial brewery machinery supplier to Vietnam, with a X% share of total imports. Moreover, industrial brewery machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. The third position in this ranking was taken by the Czech Republic (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Czech Republic (X% per year).

In value terms, Italy ($X) constituted the largest supplier of industrial brewery machinery to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with an X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the average industrial brewery machinery import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price saw a perceptible descent. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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