Vietnam: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Vietnam

In 2021, the Vietnamese panel display manufacturing machine market increased by 83% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a significant increase. Panel display manufacturing machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Vietnam

In 2021, approx. X units of machines for the manufacture of flat panel displays were exported from Vietnam; increasing by 39% compared with the year before. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 1,580%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, panel display manufacturing machine exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 800%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

South Korea (X units) was the main destination for panel display manufacturing machine exports from Vietnam, accounting for a 75% share of total exports. Moreover, panel display manufacturing machine exports to South Korea exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at +80.7%.

In value terms, South Korea ($X) and Taiwan (Chinese) ($X) were the largest markets for panel display manufacturing machine exported from Vietnam worldwide.

Among the main countries of destination, South Korea, with a CAGR of +72.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average panel display manufacturing machine export price amounted to $X per unit, increasing by 12% against the previous year. Overall, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 42%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to South Korea totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Vietnam

In 2021, overseas purchases of machines for the manufacture of flat panel displays increased by 59% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 8,983%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine imports skyrocketed to $X in 2021. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 7,862% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X units) constituted the largest panel display manufacturing machine supplier to Vietnam, with a 83% share of total imports. Moreover, panel display manufacturing machine imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was taken by Japan (X units), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+125.4% per year) and Japan (+7.2% per year).

In value terms, South Korea ($X) constituted the largest supplier of panel display manufacturing machine to Vietnam, comprising 88% of total imports. The second position in the ranking was held by China ($X), with a 9.4% share of total imports. It was followed by Japan, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to +46.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+119.1% per year) and Japan (-7.8% per year).

Import Prices by Country

The average panel display manufacturing machine import price stood at $X per unit in 2021, increasing by 31% against the previous year. In general, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+55.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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