Vietnam: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Vietnam

In 2021, the Vietnamese metal sawing machine market decreased by -11.9% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, enjoyed notable growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Metal Sawing Machine Exports

Exports from Vietnam

In 2021, overseas shipments of sawing or cutting-off machines for working metal increased by 138% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal sawing machine exports skyrocketed to $X in 2021. In general, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), South Korea (X units) and the United States (X units) were the main destinations of metal sawing machine exports from Vietnam, together accounting for 87% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +59.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal sawing machine exported from Vietnam were Germany ($X), South Korea ($X) and the United States ($X), together comprising 86% of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +52.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal sawing machine export price stood at $X per unit in 2021, waning by -19.2% against the previous year. Overall, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were the Czech Republic ($X per unit) and the United States ($X per unit), while the average price for exports to South Korea ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-0.5%), while the prices for the other major destinations experienced a decline.

Metal Sawing Machine Imports

Imports into Vietnam

In 2021, supplies from abroad of sawing or cutting-off machines for working metal decreased by -13.3% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded perceptible growth. The growth pace was the most rapid in 2014 when imports increased by 244% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, metal sawing machine imports declined modestly to $X in 2021. In general, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by 289% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal sawing machine to Vietnam, accounting for a 53% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.7% per year) and Taiwan (Chinese) (-2.5% per year).

In value terms, China ($X) constituted the largest supplier of sawing or cutting-off machines for working metal to Vietnam, comprising 53% of total imports. The second position in the ranking was taken by Japan ($X), with a 23% share of total imports. It was followed by Taiwan (Chinese), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.4% per year) and Taiwan (Chinese) (+1.7% per year).

Import Prices by Country

The average metal sawing machine import price stood at $X per unit in 2021, surging by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 35%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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