Report Update Nov 1, 2024

Vietnam - Industrial Machinery for the Manufacture or Preparation of Sugar - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Exports

Exports from Vietnam

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of sugar decreased by -43.8% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 725%. The exports peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, sugar-manufacturing industrial machinery exports reduced notably to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 847%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Australia (X units), El Salvador (X units) and India (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Vietnam, with a combined 53% share of total exports. The Philippines, Canada, New Zealand, Grenada and France lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +287.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), India ($X) and the Philippines ($X) appeared to be the largest markets for sugar-manufacturing industrial machinery exported from Vietnam worldwide, together comprising 58% of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +576.4%, saw the highest rates of growth with regard to 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 sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, reducing by -1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2014 when the average export price increased by 70% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to El Salvador ($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 Myanmar (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Vietnam

In 2022, supplies from abroad of industrial machinery for the manufacture or preparation of sugar increased by 91% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a precipitous decline. The growth pace was the most rapid in 2019 when imports increased by 266%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports surged to $X in 2022. Over the period under review, imports, however, recorded a sharp decline. The growth pace was the most rapid in 2016 with an increase of 149%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main sugar-manufacturing industrial machinery supplier to Vietnam, accounting for a 100% share of total imports. It was followed by India (X units), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -21.5%.

In value terms, China ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Vietnam, comprising 99% of total imports. The second position in the ranking was held by India ($X), with a 0.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -27.1%.

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, with a decrease of -30.3% against the previous year. In general, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2021 when the average import price increased by 70%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial machinery for the manufacture or preparation of sugar in the world?

The countries with the highest volumes of sugar-manufacturing industrial machinery consumption in 2021 were South Africa, India and Indonesia, with a combined 42% share of global consumption. These countries were followed by Italy, Thailand, Germany, Poland, Belgium, Spain, Belarus, Romania, Paraguay and the Czech Republic, which together accounted for a further 39%.

What are the largest producers of industrial machinery for the manufacture or preparation of sugar in the world?

The countries with the highest volumes of sugar-manufacturing industrial machinery production in 2021 were India, South Africa and Italy, with a combined 56% share of global production. These countries were followed by Germany, Thailand, Spain, Belgium, the Czech Republic, Romania, Poland and Paraguay, which together accounted for a further 37%.

What are the leading suppliers of industrial machinery for the manufacture or preparation of sugar to Vietnam?

In value terms, Thailand, China and Germany constituted the largest sugar-manufacturing industrial machinery suppliers to Vietnam, with a combined 74% share of total imports.

What are the leading importers of industrial machinery for the manufacture or preparation of sugar from Vietnam?

In value terms, India remains the key foreign market for sugar-manufacturing industrial machinery exports from Vietnam, comprising 37% of total exports. The second position in the ranking was occupied by France, with a 14% share of total exports. It was followed by the Philippines, with a 9.4% share.

What is the average export price for industrial machinery for the manufacture or preparation of sugar in Vietnam?

The average sugar-manufacturing industrial machinery export price stood at $552 per unit in 2021, surging by 13% against the previous year.

What is the average import price for industrial machinery for the manufacture or preparation of sugar in Vietnam?

In 2021, the average sugar-manufacturing industrial machinery import price amounted to $1,442 per unit, rising by 12% against the previous year.

This report provides an in-depth analysis of the sugar-manufacturing industrial machinery 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 28931730 - Industrial machinery for the manufacture or preparation of sugar

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