Vietnam: Market for Laptops and Palm-Top Computers 2024

Market Size for Laptops and Palm-Top Computers in Vietnam

In 2021, the Vietnamese laptop and tablet computer market decreased by -19% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Laptops and Palm-Top Computers in Vietnam

In value terms, laptop and tablet computer production declined to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +42.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 62% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Laptops and Palm-Top Computers

Exports from Vietnam

In 2021, shipments abroad of laptops and palm-top computers increased by 3.7% to X units, rising for the second consecutive year after four years of decline. Over the period under review, exports recorded a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 160% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, laptop and tablet computer exports dropped to $X in 2021. In general, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 158%. Over the period under review, the exports attained the peak figure at $X in 2020, and then fell slightly in the following year.

Exports by Country

The United States (X units), South Korea (X units) and the United Arab Emirates (X units) were the main destinations of laptop and tablet computer exports from Vietnam, with a combined 65% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +171.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for laptop and tablet computer exported from Vietnam were the United States ($X), South Korea ($X) and the United Arab Emirates ($X), together accounting for 65% of total exports.

Among the main countries of destination, South Korea, with a CAGR of +179.6%, 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

In 2021, the average laptop and tablet computer export price amounted to $X per unit, which is down by -3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2018 an increase of 18%. The export price peaked at $X per unit in 2020, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Russia ($X per unit) and France ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Laptops and Palm-Top Computers

Imports into Vietnam

In 2021, purchases abroad of laptops and palm-top computers increased by 8.6% to X units, rising for the third year in a row after four years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 15% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, laptop and tablet computer imports totaled $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) was the main supplier of laptop and tablet computer to Vietnam, accounting for a 93% share of total imports. Moreover, laptop and tablet computer imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.4%.

In value terms, China ($X) constituted the largest supplier of laptops and palm-top computers to Vietnam, comprising 93% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +2.0%.

Import Prices by Country

In 2021, the average laptop and tablet computer import price amounted to $X per unit, increasing by 1.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%).

Source: IndexBox Platform

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