Vietnam: Market for Moulds For Mineral Materials 2024

Market Size for Moulds For Mineral Materials in Vietnam

The Vietnamese mould for mineral materials market skyrocketed to $X in 2022, rising by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed buoyant growth. Mould for mineral materials consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Moulds For Mineral Materials

Exports from Vietnam

Mould for mineral materials exports from Vietnam skyrocketed to X units in 2022, rising by 45% compared with 2021. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 166%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, mould for mineral materials exports reached $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 139% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea (X units), India (X units) and Malaysia (X units) were the main destinations of mould for mineral materials exports from Vietnam, together comprising 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +75.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mould for mineral materials exported from Vietnam were South Korea ($X), India ($X) and Cambodia ($X), together accounting for 92% of total exports.

India, with a CAGR of +51.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mould for mineral materials export price stood at $X per unit in 2022, which is down by -23.9% against the previous year. Overall, the export price showed a pronounced decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 54%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 Malaysia (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Moulds For Mineral Materials

Imports into Vietnam

In 2022, the amount of moulds for mineral materials imported into Vietnam soared to X units, picking up by 53% against 2021 figures. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 121% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mould for mineral materials imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 87% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mould for mineral materials to Vietnam, with a 82% share of total imports. Moreover, mould for mineral materials imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sevenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.1% per year) and Taiwan (Chinese) (+13.9% per year).

In value terms, China ($X) constituted the largest supplier of moulds for mineral materials to Vietnam, comprising 67% of total imports. The second position in the ranking was held by South Korea ($X), with a 23% share of total imports. It was followed by Taiwan (Chinese), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.4% per year) and Taiwan (Chinese) (+17.7% per year).

Import Prices by Country

In 2022, the average mould for mineral materials import price amounted to $X per unit, reducing by -17.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 100% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :