Report Vietnam - Machines Having Individual Functions, for Mixing, Kneading, Crushing or Grinding - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Vietnam - Machines Having Individual Functions, for Mixing, Kneading, Crushing or Grinding - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Grinding Machine Market 2024

Grinding Machine Market Size in Vietnam

In 2021, the Vietnamese grinding machine market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption enjoyed prominent growth. Grinding machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Grinding Machine Exports

Exports from Vietnam

In 2021, grinding machine exports from Vietnam surged to X units, growing by 49% on 2020. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 145%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, grinding machine exports rose rapidly to $X in 2021. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 107% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Cambodia (X units), Lao People's Democratic Republic (X units) and China (X units) were the main destinations of grinding machine exports from Vietnam, with a combined 52% share of total exports. Indonesia, India, Japan, Thailand, Taiwan (Chinese), South Korea, Norway, Italy, the United States and Bangladesh lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +92.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Lao People's Democratic Republic ($X) and China ($X) constituted the largest markets for grinding machine exported from Vietnam worldwide, together accounting for 51% of total exports. Indonesia, India, Japan, Taiwan (Chinese), Thailand, South Korea, Norway, Italy, the United States and Bangladesh lagged somewhat behind, together accounting for a further 45%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +97.8%, recorded 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

In 2021, the average grinding machine export price amounted to $X per unit, declining by -24.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced remarkably in the following year.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Bangladesh ($X per unit) and Italy ($X per unit), while the average price for exports to Thailand ($X per unit) and China ($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 Bangladesh (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Vietnam

In 2021, after two years of decline, there was growth in overseas purchases of machines having individual functions, for mixing, kneading, crushing or grinding, when their volume increased by 1.7% to X units. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 21% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, grinding machine imports soared to $X in 2021. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 75%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding machine to Vietnam, with a 43% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.6% per year) and Taiwan (Chinese) (+1.0% per year).

In value terms, China ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Vietnam, comprising 43% of total imports. The second position in the ranking was taken by South Korea ($X), with a 7.8% share of total imports. It was followed by Taiwan (Chinese), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.4% per year) and Taiwan (Chinese) (+7.5% per year).

Import Prices by Country

In 2021, the average grinding machine import price amounted to $X per unit, with an increase of 28% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grinding machine import price increased by +44.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 54%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Belgium ($X per unit) and France ($X per unit), while the price for India ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were South Africa, China and Indonesia, together comprising 47% of global consumption.
The countries with the highest volumes of in 2021 were China, Germany and India, with a combined 51% share of global production. These countries were followed by Italy, Russia, Japan, Brazil, Austria, South Korea, Turkey, the United States, France and Taiwan Chinese), which together accounted for a further 30%.
In value terms, China constituted the largest supplier of grinding machine to Vietnam, comprising 34% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with an 11% share of total imports. It was followed by South Korea, with an 8.7% share.
In value terms, the largest markets for grinding machine exported from Vietnam were South Korea, China and Cambodia, together comprising 47% of total exports.
The average grinding machine export price stood at $823 per unit in 2021, reducing by -6.5% against the previous year.
In 2021, the average grinding machine import price amounted to $650 per unit, with a decrease of -14.3% against the previous year.

This report provides an in-depth analysis of the grinding machine 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 28993915 - Machines and mechanical appliances, having individual functions, for mixing, kneading, crushing, grinding, screening, s ifting, homogenising, emulsifying or stirring (excluding robots)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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