Vietnam: Starter Motor Market 2025

Starter Motor Market Size in Vietnam

In 2021, the Vietnamese starter motor market decreased by -47.5% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, showed a moderate expansion. Starter motor consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Starter Motor Exports

Exports from Vietnam

In 2021, overseas shipments of starter motors and dual purpose starter generators increased by 68% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports showed temperate growth. The pace of growth was the most pronounced in 2014 when exports increased by 121%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, starter motor exports skyrocketed to $X in 2021. Overall, exports showed a strong expansion. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X units), Brazil (X units) and Thailand (X units) were the main destinations of starter motor exports from Vietnam, with a combined 85% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +140.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Brazil ($X) and Thailand ($X) were the largest markets for starter motor exported from Vietnam worldwide, together accounting for 85% of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of +141.5%, saw 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 starter motor export price amounted to $X per unit, shrinking by -8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 51%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to the Philippines ($X per unit) and Japan ($X per unit), while the average price for exports to Singapore ($X per unit) and Taiwan (Chinese) ($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 Italy (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Motor Imports

Imports into Vietnam

In 2021, supplies from abroad of starter motors and dual purpose starter generators decreased by -37.2% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, saw a mild increase. The pace of growth was the most pronounced in 2015 with an increase of 50%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, starter motor imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.0% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 45% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), South Korea (X units) and Japan (X units) were the main suppliers of starter motor imports to Vietnam, with a combined 75% share of total imports. Indonesia, Thailand, Russia and India lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) were the largest starter motor suppliers to Vietnam, together accounting for 75% of total imports. These countries were followed by Indonesia, Thailand, Russia and India, which together accounted for a further 22%.

Russia, with a CAGR of +49.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average starter motor import price stood at $X per unit in 2021, rising by 85% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 85%. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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