Vietnam: Multitask Printer Market 2024

Multitask Printer Market Size in Vietnam

The Vietnamese multitask printer market reduced rapidly to $X in 2022, shrinking by -21.6% against the previous year. Over the period under review, consumption, however, showed buoyant growth. Multitask printer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Multitask Printer Production in Vietnam

In value terms, multitask printer production stood at $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Multitask Printer Exports

Exports from Vietnam

In 2022, approx. X units of multitask printers, copymachines and facsimile machines were exported from Vietnam; increasing by 11% compared with 2021 figures. In general, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, multitask printer exports reached $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Turkey (X units) and China (X units) were the main destinations of multitask printer exports from Vietnam, together comprising 40% 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 Turkey (with a CAGR of +20.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for multitask printers, copymachines and facsimile machines exports from Vietnam, comprising 27% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+20.0% per year) and the Netherlands (+9.2% per year).

Export Prices by Country

In 2022, the average multitask printer export price amounted to $X per unit, falling by -5.3% against the previous year. In general, the export price, however, showed a prominent increase. The pace of growth was the most pronounced in 2015 an increase of 58%. The export price peaked at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Turkey ($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 South Africa (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Multitask Printer Imports

Imports into Vietnam

In 2022, supplies from abroad of multitask printers, copymachines and facsimile machines increased by 157% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, multitask printer imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 28%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest multitask printer supplier to Vietnam, with a 51% share of total imports. Moreover, multitask printer imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X units), threefold. The third position in this ranking was held by Malaysia (X units), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+88.1% per year) and Malaysia (+11.5% per year).

In value terms, Singapore ($X), the United States ($X) and Thailand ($X) were the largest multitask printer suppliers to Vietnam, with a combined 54% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +100.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average multitask printer import price amounted to $X per unit, with a decrease of -62.8% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 73% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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