Vietnam: Market for Vacuum Cleaners Without Motor 2024

Market Size for Vacuum Cleaners Without Motor in Vietnam

The Vietnamese vacuum cleaner without motor market declined modestly to $X in 2022, approximately equating the previous year. In general, consumption saw a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Vacuum Cleaners Without Motor in Vietnam

In value terms, vacuum cleaner without motor production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 16%. Vacuum cleaner without motor production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Vacuum Cleaners Without Motor

Exports from Vietnam

In 2022, after three years of growth, there was significant decline in overseas shipments of vacuum cleaners without motor, when their volume decreased by -15.7% to X units. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 502%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, vacuum cleaner without motor exports reduced notably to $X in 2022. In general, exports, however, saw temperate growth. The most prominent rate of growth was recorded in 2015 with an increase of 203% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Canada (X units) was the main destination for vacuum cleaner without motor exports from Vietnam, accounting for a 45% share of total exports. Moreover, vacuum cleaner without motor exports to Canada exceeded the volume sent to the second major destination, the United States (X units), twofold. Singapore (X units) ranked third in terms of total exports with a 19% share.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at +169.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+72.4% per year) and Singapore (+104.1% per year).

In value terms, the United States ($X), Singapore ($X) and Canada ($X) constituted the largest markets for vacuum cleaner without motor exported from Vietnam worldwide, together comprising 84% of total exports.

Canada, with a CAGR of +168.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vacuum cleaner without motor export price stood at $X per unit in 2022, with a decrease of -14.5% against the previous year. Over the period under review, the export price showed a perceptible slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 59%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Canada ($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 Singapore (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners Without Motor

Imports into Vietnam

In 2022, approx. X units of vacuum cleaners without motor were imported into Vietnam; surging by 13% against the previous year's figure. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 1,081% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, vacuum cleaner without motor imports expanded modestly to $X in 2022. Overall, imports posted a slight expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,087% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum cleaner without motor to Vietnam, accounting for a 72% share of total imports. Moreover, vacuum cleaner without motor imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. The third position in this ranking was held by South Korea (X units), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +147.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+18.2% per year) and South Korea (-18.1% per year).

In value terms, the largest vacuum cleaner without motor suppliers to Vietnam were China ($X), Singapore ($X) and South Korea ($X), with a combined 76% share of total imports.

Among the main suppliers, China, with a CAGR of +127.0%, 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

The average vacuum cleaner without motor import price stood at $X per unit in 2022, dropping by -9.4% against the previous year. Overall, the import price recorded a abrupt setback. The growth pace was the most rapid in 2017 when the average import price increased by 31% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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