Vietnam: Non-Hydraulic Press Market 2025

Non-Hydraulic Press Market Size in Vietnam

After eight years of decline, the Vietnamese non-hydraulic press market increased by 86% to $X in 2021. In general, consumption, however, showed a mild slump. Non-hydraulic press consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Hydraulic Press Production in Vietnam

In value terms, non-hydraulic press production fell remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Non-hydraulic press production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Non-Hydraulic Press Exports

Exports from Vietnam

In 2021, overseas shipments of non-hydraulic presses for working metal increased by 47% to X units, rising for the third year in a row after four years of decline. Over the period under review, exports, however, continue to indicate a pronounced slump. The growth pace was the most rapid in 2019 with an increase of 110% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-hydraulic press exports dropped markedly to $X in 2021. Overall, exports, however, recorded a pronounced reduction. The growth pace was the most rapid in 2020 when exports increased by 61%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units) was the main destination for non-hydraulic press exports from Vietnam, accounting for a 45% share of total exports. Moreover, non-hydraulic press exports to Portugal exceeded the volume sent to the second major destination, India (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-12.8% per year) and Singapore (-31.8% per year).

In value terms, the largest markets for non-hydraulic press exported from Vietnam were Malaysia ($X), the Philippines ($X) and the United States ($X), together comprising 1.6% of total exports. Australia, Portugal, India, Mozambique and Singapore lagged somewhat behind, together comprising a further 0.5%.

In terms of the main countries of destination, Mozambique, with a CAGR of +1.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-hydraulic press export price stood at $X per unit in 2021, which is down by -47.2% against the previous year. Over the period under review, the export price, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2018 an increase of 108%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Portugal ($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 Philippines (+4,867.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports into Vietnam

In 2021, approx. X units of non-hydraulic presses for working metal were imported into Vietnam; growing by 225% against the previous year's figure. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 248%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, non-hydraulic press imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest non-hydraulic press supplier to Vietnam, accounting for a 74% share of total imports. Moreover, non-hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-1.3% per year) and the United States (+23.9% per year).

In value terms, the largest non-hydraulic press suppliers to Vietnam were China ($X), the United States ($X) and Malaysia ($X), together comprising 38% of total imports. These countries were followed by Sweden, Norway and the Philippines, which together accounted for a further less than 0.1%.

Norway, with a CAGR of +2.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average non-hydraulic press import price amounted to $X per unit, shrinking by -46.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 162%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Philippines (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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