Vietnam: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Vietnam

After three years of growth, the Vietnamese turbo-jet (over X kn) market decreased by -45.7% to $X in 2021. Over the period under review, consumption, however, recorded resilient growth. Over the period under review, the market hit record highs at $X in 2020, and then contracted markedly in the following year.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Vietnam

In value terms, turbo-jet (over X kn) production amounted to less than $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 40%. Turbo-jet (over X kn) production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports from Vietnam

Turbo-jet (over X kn) exports from Vietnam declined remarkably to X units in 2021, falling by -23.8% against 2020 figures. In general, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2020 when exports increased by 75% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, turbo-jet (over X kn) exports reduced rapidly to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 37,677,873%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced rapidly in the following year.

Exports by Country

Hong Kong SAR (X units), the Netherlands (X units) and France (X units) were the main destinations of turbo-jet (over X kn) exports from Vietnam, together accounting for 75% of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +24.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X) remains the key foreign market for turbo-jets of a thrust exceeding X kn exports from Vietnam, comprising 64% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 25% share of total exports. It was followed by Singapore, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+1,239.3% per year) and Singapore (+47.8% per year).

Export Prices by Country

In 2021, the average turbo-jet (over X kn) export price amounted to $X per unit, reducing by -15.8% against the previous year. In general, the export price, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2019 an increase of 91% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+794.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports into Vietnam

For the third consecutive year, Vietnam recorded growth in supplies from abroad of turbo-jets of a thrust exceeding X kn, which increased by 46% to X units in 2020. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, turbo-jet (over X kn) imports surged to $X in 2020. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 3,949,205%. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

Imports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume from No country was relatively modest.

In value terms, the largest turbo-jet (over X kn) suppliers to Vietnam were Hong Kong SAR ($X), China ($X) and the Netherlands ($X), with a combined 46% share of total imports. These countries were followed by Singapore, Germany, France, Russia, Ireland and the UK, which together accounted for a further 25%.

Germany, with a CAGR of +46.1%, saw the highest rates of growth with regard to the value of imports, among 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 turbo-jet (over X kn) import price stood at $X per unit in 2020, dropping by -21.3% against the previous year. Over the period under review, the import price, however, continues to indicate a measured expansion. The growth pace was the most rapid in 2013 an increase of 42%. The import price peaked at $X per unit in 2019, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (+108.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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