Vietnam: Ac/Dc Motor Market 2024

Ac/Dc Motor Market Size in Vietnam

The Vietnamese AC/DC motor market contracted remarkably to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a mild curtailment. Consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Ac/Dc Motor Production in Vietnam

In value terms, AC/DC motor production dropped notably to $X in 2022 estimated in export price. Overall, production saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Ac/Dc Motor Exports

Exports from Vietnam

AC/DC motor exports from Vietnam rose rapidly to X units in 2022, with an increase of X% compared with 2021 figures. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, AC/DC motor exports declined to $X in 2022. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for AC/DC motor exports from Vietnam, with a X% share of total exports. Moreover, AC/DC motor exports to the United Arab Emirates exceeded the volume sent to the second major destination, Japan (X units), fourfold. The third position in this ranking was held by Germany (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Germany (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for AC/DC motors exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

Export Prices by Country

The average AC/DC motor export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price showed a pronounced decrease. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Ac/Dc Motor Imports

Imports into Vietnam

In 2022, supplies from abroad of AC/DC motors increased by X% to X units, rising for the sixth year in a row after three years of decline. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, AC/DC motor imports reduced to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of AC/DC motor to Vietnam, with a X% share of total imports. It was followed by South Korea (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of AC/DC motors to Vietnam, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

The average AC/DC motor import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Source: IndexBox Platform

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