Vietnam: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Vietnam

The Vietnamese transmission apparatus market soared to $X in 2021, jumping by 46% against the previous year. Overall, consumption saw a relatively flat trend pattern. Transmission apparatus consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Transmission Apparatus Production in Vietnam

In value terms, transmission apparatus production expanded rapidly to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.8% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 58% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Transmission Apparatus Exports

Exports from Vietnam

Transmission apparatus exports from Vietnam skyrocketed to X tons in 2021, with an increase of 32% on 2020 figures. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 50%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, transmission apparatus exports rose sharply to $X in 2021. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 91% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for transmission apparatus exports from Vietnam, with a 23% share of total exports. Moreover, transmission apparatus exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +113.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+7.8% per year) and Austria (+9.3% per year).

In value terms, the United States ($X) remains the key foreign market for transmission apparatus incorporating reception apparatus exports from Vietnam, comprising 21% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.3% share of total exports. It was followed by Austria, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +113.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.6% per year) and Austria (+10.1% per year).

Export Prices by Country

The average transmission apparatus export price stood at $X per ton in 2021, dropping by -18.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped significantly in the following year.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and Thailand ($X per ton), while the average price for exports to France ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Vietnam

Transmission apparatus imports into Vietnam soared to X tons in 2021, picking up by 79% on the previous year's figure. In general, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, transmission apparatus imports soared to $X in 2021. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 74% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main transmission apparatus supplier to Vietnam, with a 92% share of total imports. Moreover, transmission apparatus imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +16.2%.

In value terms, China ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Vietnam, comprising 91% of total imports. The second position in the ranking was held by South Korea ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +18.0%.

Import Prices by Country

The average transmission apparatus import price stood at $X per ton in 2021, dropping by -3.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2013 an increase of 36%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%).

Source: IndexBox Platform

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