Vietnam: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Vietnam

In 2022, after three years of growth, there was significant decline in the Vietnamese injection-moulding machine market, when its value decreased by -9.1% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Injection-Moulding Machine Exports

Exports from Vietnam

In 2022, the amount of injection-moulding machines for working rubber or plastics exported from Vietnam fell significantly to X units, declining by -33.3% on the previous year's figure. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 74%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, injection-moulding machine exports contracted to $X in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 107% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units), South Korea (X units) and India (X units) were the main destinations of injection-moulding machine exports from Vietnam, with a combined 85% share of total exports. Moreover, injection-moulding machine exports in Hong Kong SAR exceeded the figures recorded by the second-largest exporter, South Korea, twofold.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +42.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for injection-moulding machines for working rubber or plastics exports from Vietnam, comprising 59% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 24% share of total exports. It was followed by India, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea totaled +57.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+97.1% per year) and India (-11.0% per year).

Export Prices by Country

The average injection-moulding machine export price stood at $X per unit in 2022, rising by 32% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, injection-moulding machine export price increased by +40.4% against 2019 indices. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Denmark ($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 (+88.0%), while the prices for the other major destinations experienced more modest paces of growth.

Injection-Moulding Machine Imports

Imports into Vietnam

In 2022, injection-moulding machine imports into Vietnam shrank to X units, waning by -10.6% against 2021 figures. Overall, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 30%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, injection-moulding machine imports reduced to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 25%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X units) was the main injection-moulding machine supplier to Vietnam, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar amounted to +628.3%.

In value terms, Myanmar ($X) constituted the largest supplier of injection-moulding machines for working rubber or plastics to Vietnam.

From 2012 to 2022, the average annual growth rate of value from Myanmar stood at +1,021.1%.

Import Prices by Country

The average injection-moulding machine import price stood at $X per unit in 2022, approximately reflecting the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, injection-moulding machine import price decreased by -0.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of 59%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +53.9% per year.

Source: IndexBox Platform

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