Vietnam: Grinding Machine Market 2025

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

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