Report Update Nov 1, 2024

Vietnam - Milling Industry Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Vietnam

The Vietnamese milling industry machinery market dropped modestly to $X in 2022, approximately reflecting the previous year. Overall, consumption recorded a abrupt slump. Milling industry machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Milling Industry Machinery Production in Vietnam

In value terms, milling industry machinery production amounted to $X in 2022 estimated in export price. Overall, production showed a deep reduction. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Milling Industry Machinery Exports

Exports from Vietnam

In 2022, after three years of decline, there was significant growth in shipments abroad of milling industry machinery, when their volume increased by X% to X units. Overall, exports, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, milling industry machinery exports soared to $X in 2022. In general, exports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Myanmar (X units) was the main destination for milling industry machinery exports from Vietnam, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar stood at X%.

In value terms, Myanmar ($X) emerged as the key foreign market for milling industry machinery exports from Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar amounted to X%.

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, leveling off at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to X% per year.

Milling Industry Machinery Imports

Imports into Vietnam

In 2022, imports of milling industry machinery into Vietnam shrank to X units, waning by X% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, milling industry machinery imports dropped to $X in 2022. Overall, imports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of milling industry machinery to Vietnam, accounting for a X% share of total imports. Moreover, milling industry machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Spain (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of milling industry machinery to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

Import Prices by Country

The average milling industry machinery import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per unit) and South Korea ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for milling industry machinery in the world?

The countries with the highest volumes of milling industry machinery consumption in 2020 were China, the United States and India, with a combined 30% share of global consumption. Indonesia, Turkey, Japan, Russia, Romania, Brazil, Libya, Sudan, the UK and Guatemala lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of milling industry machinery in the world?

Turkey remains the largest milling industry machinery producing country worldwide, comprising approx. 41% of total volume. Moreover, milling industry machinery production in Turkey exceeded the figures recorded by the second-largest producer, China, twofold. The United States ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of milling industry machinery to Vietnam?

In value terms, China constituted the largest supplier of milling industry machinery to Vietnam, comprising 69% of total imports. The second position in the ranking was occupied by South Korea, with a 6.5% share of total imports. It was followed by the Czech Republic, with a 4.3% share.

What are the leading importers of milling industry machinery from Vietnam?

In value terms, Cambodia, Myanmar and Indonesia appeared to be the largest markets for milling industry machinery exported from Vietnam worldwide, with a combined 66% share of total exports. The Philippines, Colombia and Nigeria lagged somewhat behind, together comprising a further 23%.

What is the average export price for milling industry machinery in Vietnam?

In 2020, the average milling industry machinery export price amounted to $130 per unit, which is down by -34% against the previous year.

What is the average import price for milling industry machinery in Vietnam?

In 2020, the average milling industry machinery import price amounted to $106 per unit, waning by -27.8% against the previous year.

This report provides an in-depth analysis of the milling industry machinery 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 28931300 - Machinery used in the milling industry or for the working of cereals or dried leguminous vegetables (excluding farm-type machinery)

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:

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

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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