Vietnam: Market for Non-Motorised Hand-Operated Mechanical Floor Sweepers 2024

Market Size for Non-Motorised Hand-Operated Mechanical Floor Sweepers in Vietnam

The Vietnamese mechanical hand floor sweeper market rose sharply to $X in 2022, picking up by 6.5% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.5% against 2020 indices. Mechanical hand floor sweeper consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Non-Motorised Hand-Operated Mechanical Floor Sweepers in Vietnam

In value terms, mechanical hand floor sweeper production expanded remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 40%. Mechanical hand floor sweeper production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Exports from Vietnam

In 2022, shipments abroad of non-motorised hand-operated mechanical floor sweepers increased by 130% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 206%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mechanical hand floor sweeper exports surged to $X in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 184%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for mechanical hand floor sweeper exports from Vietnam, accounting for a 48% share of total exports. Moreover, mechanical hand floor sweeper exports to Japan exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was held by China (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+28.9% per year) and China (+94.6% per year).

In value terms, Japan ($X) remains the key foreign market for non-motorised hand-operated mechanical floor sweepers exports from Vietnam, comprising 42% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.4% per year) and China (+93.4% per year).

Export Prices by Country

In 2022, the average mechanical hand floor sweeper export price amounted to $X per unit, declining by -20.7% against the previous year. Over the period under review, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and China ($X per unit), while the average price for exports to the United States ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Imports into Vietnam

After two years of decline, purchases abroad of non-motorised hand-operated mechanical floor sweepers increased by 4.9% to X units in 2022. In general, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 49%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mechanical hand floor sweeper imports amounted to $X in 2022. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest mechanical hand floor sweeper supplier to Vietnam, with a 82% share of total imports. Moreover, mechanical hand floor sweeper imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.9% per year) and Taiwan (Chinese) (-0.9% per year).

In value terms, China ($X) constituted the largest supplier of non-motorised hand-operated mechanical floor sweepers to Vietnam, comprising 82% of total imports. The second position in the ranking was taken by South Korea ($X), with a 6.8% share of total imports. It was followed by Taiwan (Chinese), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.4% per year) and Taiwan (Chinese) (+0.1% per year).

Import Prices by Country

The average mechanical hand floor sweeper import price stood at $X per unit in 2022, shrinking by -2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 an increase of 12%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then dropped 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 ($X per unit) and Germany ($X per unit), while the price for South Korea ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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