Vietnam: Magnetic Media Market 2025

Magnetic Media Market Size in Vietnam

For the third consecutive year, the Vietnamese magnetic media market recorded decline in sales value, which decreased by -41.9% to $X in 2021. In general, consumption faced a sharp decline. Magnetic media consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Magnetic Media Exports

Exports from Vietnam

In 2021, the amount of magnetic media, not recorded, except cards with a magnetic stripe exported from Vietnam skyrocketed to X units, picking up by 54% on the previous year's figure. Overall, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 149% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, magnetic media exports reduced remarkably to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2016 when exports increased by 110% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for magnetic media exports from Vietnam, accounting for a 97% share of total exports. It was followed by Nepal (X units), with a 0.9% share of total exports. The third position in this ranking was held by South Korea (X units), with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (-28.0% per year) and South Korea (-32.0% per year).

In value terms, Malaysia ($X) remains the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Vietnam, comprising 92% of total exports. The second position in the ranking was taken by South Korea ($X), with a 2.4% share of total exports. It was followed by Nepal, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-24.2% per year) and Nepal (-33.2% per year).

Export Prices by Country

In 2021, the average magnetic media export price amounted to $X per unit, waning by -56.8% against the previous year. Overall, the export price, however, showed noticeable growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 288% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Vietnam

In 2021, overseas purchases of magnetic media, not recorded, except cards with a magnetic stripe decreased by -39.6% to X units, falling for the fifth year in a row after five years of growth. Overall, imports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2014 when imports increased by 66% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic media imports dropped sharply to $X in 2021. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by 73% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and Norway (X units) were the main suppliers of magnetic media imports to Vietnam, together accounting for 43% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +53.1%), while imports for the other leaders experienced a decline.

In value terms, the largest magnetic media suppliers to Vietnam were Japan ($X), Taiwan (Chinese) ($X) and Malaysia ($X), with a combined 43% share of total imports. Norway, South Korea, China, France, Hong Kong SAR, Singapore, India, Ireland, Australia and Argentina lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, Norway, with a CAGR of +70.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average magnetic media import price amounted to $X per unit, rising by 15% against the previous year. Overall, the import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2017 an increase of 93% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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