Vietnam: Medical Steriliser Market 2024

Medical Steriliser Exports

Exports from Vietnam

In 2022, exports of medical, surgical or laboratory sterilisers from Vietnam reduced to X units, waning by -10.2% against 2021. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 12,300% against the previous year. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, medical steriliser exports reduced to $X in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by 15,003%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

The Netherlands (X units) was the main destination for medical steriliser exports from Vietnam, with a 71% share of total exports. Moreover, medical steriliser exports to the Netherlands exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+50.1% per year) and Cambodia (-13.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for medical, surgical or laboratory sterilisers exports from Vietnam, comprising 72% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+51.4% per year) and Cambodia (-14.6% per year).

Export Prices by Country

The average medical steriliser export price stood at $X per unit in 2022, increasing by 3.7% against the previous year. Overall, the export price saw modest growth. The most prominent rate of growth was recorded in 2013 an increase of 22%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Cambodia ($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 Austria (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Steriliser Imports

Imports into Vietnam

After four years of decline, supplies from abroad of medical, surgical or laboratory sterilisers increased by 2.8% to X units in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.3% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 68% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, medical steriliser imports stood at $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 49% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Germany (X units) and China (X units) were the main suppliers of medical steriliser imports to Vietnam, with a combined 48% share of total imports. South Korea, Taiwan (Chinese), the United States, Poland, Italy, Spain, Slovenia, the Netherlands, Mexico and Turkey lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +59.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medical steriliser suppliers to Vietnam were Japan ($X), Germany ($X) and China ($X), with a combined 49% share of total imports. These countries were followed by Taiwan (Chinese), South Korea, the United States, Poland, Spain, Italy, Slovenia, the Netherlands, Turkey and Mexico, which together accounted for a further 42%.

Among the main suppliers, Slovenia, with a CAGR of +61.9%, recorded 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

The average medical steriliser import price stood at $X per unit in 2022, falling by -2.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 9.1%. The import price peaked at $X per unit in 2021, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Spain ($X per unit), while the price for the Netherlands ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :