Vietnam: Solid-Liquid Separator Market 2024

Solid-Liquid Separator Exports

Exports from Vietnam

In 2022, exports of machinery for solid-liquid separation from Vietnam soared to X units, growing by 100% against 2021. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 172% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, solid-liquid separator exports surged to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 183%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X units), Saudi Arabia (X units) and Singapore (X units) were the main destinations of solid-liquid separator exports from Vietnam, together comprising 60% of total exports. Taiwan (Chinese), Trinidad and Tobago, Jordan, the United States, Italy, Canada, Cambodia and Algeria lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +123.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Saudi Arabia ($X) and Singapore ($X) constituted the largest markets for solid-liquid separator exported from Vietnam worldwide, together accounting for 61% of total exports. These countries were followed by Taiwan (Chinese), Trinidad and Tobago, the United States, Jordan, Canada, Italy, Cambodia and Algeria, which together accounted for a further 29%.

Jordan, with a CAGR of +108.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average solid-liquid separator export price stood at $X per unit in 2022, falling by -5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2015 an increase of 22% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Italy ($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 Saudi Arabia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Solid-Liquid Separator Imports

Imports into Vietnam

In 2022, purchases abroad of machinery for solid-liquid separation increased by 29% to X units, rising for the third year in a row after four years of decline. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 94%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, solid-liquid separator imports declined to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +46.9% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by 61%. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest solid-liquid separator supplier to Vietnam, with a 62% share of total imports. Moreover, solid-liquid separator imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was held by Italy (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.3% per year) and Italy (+63.0% per year).

In value terms, China ($X) constituted the largest supplier of machinery for solid-liquid separation to Vietnam, comprising 38% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+24.4% per year) and Germany (+21.9% per year).

Import Prices by Country

In 2022, the average solid-liquid separator import price amounted to less than $X per unit, reducing by -22.6% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 9.5%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

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 China (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :