Vietnam: Seeder And Planter Market 2024

Seeder And Planter Market Size in Vietnam

In 2021, the Vietnamese seeder and planter market was finally on the rise to reach $X after seven years of decline. Overall, consumption, however, saw a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Seeder And Planter Production in Vietnam

In value terms, seeder and planter production surged to $X in 2021 estimated in export price. Over the period under review, production, however, faced a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Seeder And Planter Exports

Exports from Vietnam

In 2018, shipments abroad of seeders, planters, transplanters decreased by -50% to X units for the first time since 2015, thus ending a two-year rising trend. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 163%. The exports peaked at X units in 2017, and then reduced markedly in the following year.

In value terms, seeder and planter exports dropped remarkably to $X in 2018. Over the period under review, exports, however, recorded modest growth. The growth pace was the most rapid in 2014 when exports increased by 170% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2018, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria (X units) was the main destination for seeder and planter exports from Vietnam, with a 91% share of total exports. Moreover, seeder and planter exports to Nigeria exceeded the volume sent to the second major destination, the Philippines (X units), more than tenfold.

From 2012 to 2018, the average annual rate of growth in terms of volume to Nigeria totaled +175.9%.

In value terms, Nigeria ($X) emerged as the key foreign market for seeders, planters, transplanters exports from Vietnam, comprising 76% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 24% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of value to Nigeria amounted to +88.2%.

Export Prices by Country

In 2018, the average seeder and planter export price amounted to $X per unit, falling by -36.3% against the previous year. Overall, the export price saw a abrupt decrease. The growth pace was the most rapid in 2013 when the average export price increased by 11%. The export price peaked at $X per unit in 2015; however, from 2016 to 2018, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2018, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Nigeria amounted to $X per unit.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+39.9%), while the prices for the other major destinations experienced mixed trend patterns.

Seeder And Planter Imports

Imports into Vietnam

In 2017, approx. X units of seeders, planters, transplanters were imported into Vietnam; increasing by 37% against the previous year. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs in 2017 and are likely to continue growth in years to come.

In value terms, seeder and planter imports skyrocketed to $X in 2017. Over the period under review, total imports indicated resilient growth from 2012 to 2017: its value increased at an average annual rate of +15.9% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, imports decreased by -6.4% against 2014 indices. The growth pace was the most rapid in 2013 when imports increased by 51% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, China (X units) was the main seeder and planter supplier to Vietnam, with a 90% share of total imports. Moreover, seeder and planter imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2017, the average annual rate of growth in terms of volume from China amounted to +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.9% per year) and South Korea (+14.9% per year).

In value terms, China ($X) constituted the largest supplier of seeders, planters, transplanters to Vietnam, comprising 90% of total imports. The second position in the ranking was held by Japan ($X), with a 5.3% share of total imports.

From 2012 to 2017, the average annual rate of growth in terms of value from China stood at +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.2% per year) and South Korea (+13.8% per year).

Import Prices by Country

The average seeder and planter import price stood at $X per unit in 2017, with a decrease of -8.3% against the previous year. In general, the import price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 9.3% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2017, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by Japan (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :