Vietnam: Microscope Market 2024

Microscope Market Size in Vietnam

In 2021, after two years of growth, there was significant decline in the Vietnamese microscope market, when its value decreased by -40.7% to $X. In general, consumption, however, saw slight growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Microscope Exports

Exports from Vietnam

In 2021, exports of microscopes and diffraction apparatus from Vietnam skyrocketed to X units, picking up by 81% against 2020. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 460%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, microscope exports soared to $X in 2021. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 562%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X units), Norway (X units) and the Philippines (X units) were the main destinations of microscope exports from Vietnam, together comprising 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the key foreign market for microscopes and diffraction apparatus exports from Vietnam, comprising 77% of total exports. The second position in the ranking was held by the Philippines ($X), with an 11% share of total exports. It was followed by South Korea, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+13.5% per year) and South Korea (-8.8% per year).

Export Prices by Country

The average microscope export price stood at $X per unit in 2021, approximately reflecting the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 82%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to Norway ($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 China (+59.9%), while the prices for the other major destinations experienced more modest paces of growth.

Microscope Imports

Imports into Vietnam

In 2021, the amount of microscopes and diffraction apparatus imported into Vietnam contracted significantly to X units, which is down by -31.7% compared with 2020 figures. In general, imports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2017 when imports increased by 233%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, microscope imports shrank dramatically to $X in 2021. Over the period under review, imports, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of 151%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of microscope to Vietnam, with a 35% share of total imports. Moreover, microscope imports from Japan exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. The third position in this ranking was held by China (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+8.2% per year) and China (+13.6% per year).

In value terms, Japan ($X) constituted the largest supplier of microscopes and diffraction apparatus to Vietnam, comprising 33% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 15% share of total imports. It was followed by the UK, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+6.4% per year) and the UK (-8.1% per year).

Import Prices by Country

The average microscope import price stood at $X per unit in 2021, reducing by -10.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 27%. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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