Report Update Jan 1, 2025

Vietnam - Silencers and Exhaust Pipes - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Silencer Market 2025

Silencer Market Size in Vietnam

After two years of growth, the Vietnamese silencer market decreased by -20.5% to $X in 2021. Overall, consumption, however, saw buoyant growth. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Silencer Production in Vietnam

In value terms, silencer production dropped significantly to $X in 2021 estimated in export price. In general, production, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 when the production volume increased by 63% against the previous year. As a result, production attained the peak level of $X, and then contracted dramatically in the following year.

Silencer Exports

Exports from Vietnam

In 2021, shipments abroad of silencers and exhaust pipes increased by 57% to X tons, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 845% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, silencer exports surged to $X in 2021. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 879% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

South Korea (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of silencer exports from Vietnam, with a combined 96% share 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 +661.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Mexico ($X) were the largest markets for silencer exported from Vietnam worldwide, with a combined 93% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +623.9%, recorded the highest growth rate of 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

In 2021, the average silencer export price amounted to $X per ton, shrinking by -16% against the previous year. Overall, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 11%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into Vietnam

In 2021, the amount of silencers and exhaust pipes imported into Vietnam rose rapidly to X tons, picking up by 14% against the previous year. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 120%. Over the period under review, imports hit record highs at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, silencer imports fell to $X in 2021. In general, imports posted significant growth. The growth pace was the most rapid in 2013 with an increase of 102% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and China (X tons) were the main suppliers of silencer imports to Vietnam, together comprising 59% of total imports. Thailand, Indonesia, Taiwan (Chinese), India and Germany lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +96.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silencer suppliers to Vietnam were Japan ($X), South Korea ($X) and China ($X), with a combined 60% share of total imports. These countries were followed by Thailand, Indonesia, Taiwan (Chinese), India and Germany, which together accounted for a further 38%.

Among the main suppliers, India, with a CAGR of +93.3%, saw the highest rates of growth with regard to 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 2021, the average silencer import price amounted to $X per ton, which is down by -18.1% against the previous year. In general, the import price saw a mild decline. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Germany ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silencers and exhaust pipes in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 48% of global consumption. These countries were followed by Japan, Germany, Brazil, Nigeria, Mexico, Poland, Spain, South Korea, the Czech Republic and Thailand, which together accounted for a further 30%.

What are the largest producers of silencers and exhaust pipes in the world?

China constituted the country with the largest volume of silencer production, comprising approx. 26% of total volume. Moreover, silencer production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the leading suppliers of silencers and exhaust pipes to Vietnam?

In value terms, the largest silencer suppliers to Vietnam were Japan, South Korea and China, with a combined 65% share of total imports. Thailand, Taiwan Chinese), India and Germany lagged somewhat behind, together comprising a further 33%.

What are the leading importers of silencers and exhaust pipes from Vietnam?

In value terms, the United States, South Korea and Japan constituted the largest markets for silencer exported from Vietnam worldwide, with a combined 93% share of total exports.

What is the average export price for silencers and exhaust pipes in Vietnam?

In 2021, the average silencer export price amounted to $14,088 per ton, shrinking by -1.5% against the previous year.

What is the average import price for silencers and exhaust pipes in Vietnam?

In 2021, the average silencer import price amounted to $13,459 per ton, shrinking by -5.7% against the previous year.

This report provides an in-depth analysis of the silencer market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29323063 - Silencers and exhaust pipes, parts thereof

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024