Report Update Nov 1, 2024

Vietnam - Vacuum Pumps - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Vietnam: Vacuum Pump Market 2024

Vacuum Pump Market Size in Vietnam

The Vietnamese vacuum pump market rose significantly to $X in 2022, picking up by 8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw prominent growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Vacuum Pump Exports

Exports from Vietnam

In 2022, the amount of vacuum pumps exported from Vietnam shrank dramatically to X units, falling by -47.6% against 2021. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 716% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined sharply in the following year.

In value terms, vacuum pump exports dropped markedly to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 895% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for vacuum pump exports from Vietnam, accounting for a 45% share of total exports. Moreover, vacuum pump exports to the United States exceeded the volume sent to the second major destination, Cambodia (X units), fourfold. Mexico (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +75.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+2.3% per year) and Mexico (+28.3% per year).

In value terms, the largest markets for vacuum pump exported from Vietnam were Cambodia ($X), the United States ($X) and Ireland ($X), with a combined 52% share of total exports.

Ireland, with a CAGR of +149.1%, saw the highest rates of growth with regard to 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 pump export price stood at $X per unit in 2022, jumping by 26% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 154% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Mexico ($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 Ireland (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Vietnam

In 2022, vacuum pump imports into Vietnam skyrocketed to X units, increasing by 21% compared with the previous year. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 222% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, vacuum pump imports shrank sharply to $X in 2022. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 94% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main vacuum pump supplier to Vietnam, with a 91% share of total imports. It was followed by South Korea (X units), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +30.0%.

In value terms, the largest vacuum pump suppliers to Vietnam were China ($X) and South Korea ($X).

In terms of the main suppliers, South Korea, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, reducing by -31.5% against the previous year. Overall, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 61%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a 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 (-1.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vacuum pumps in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 48% share of global consumption. Brazil, India, Japan, Italy, France, Mexico, Nigeria, Belgium, the UK and South Korea lagged somewhat behind, together comprising a further 33%.

What are the largest producers of vacuum pumps in the world?

The countries with the highest volumes of in 2021 were China, Brazil and the United States, with a combined 50% share of global production. Japan, Germany, Italy, India, Mexico, France, the UK, Belgium, South Korea and Turkey lagged somewhat behind, together comprising a further 37%.

What are the leading suppliers of vacuum pumps to Vietnam?

In value terms, the largest vacuum pump suppliers to Vietnam were China, South Korea and Taiwan Chinese), together accounting for 60% of total imports. These countries were followed by Germany, Japan, the United States and Switzerland, which together accounted for a further 30%.

What are the leading importers of vacuum pumps from Vietnam?

In value terms, South Korea emerged as the key foreign market for vacuum pump exports from Vietnam, comprising 35% of total exports. The second position in the ranking was occupied by the United States, with a 16% share of total exports. It was followed by Cambodia, with a 14% share.

What is the average export price for vacuum pumps in Vietnam?

In 2021, the average vacuum pump export price amounted to $124 per unit, which is down by -6.2% against the previous year.

What is the average import price for vacuum pumps in Vietnam?

The average vacuum pump import price stood at $133 per unit in 2021, with a decrease of -7.3% against the previous year.

This report provides an in-depth analysis of the vacuum pump market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28132170 - Rotary piston vacuum pumps, sliding vane rotary pumps, m olecular drag pumps, Roots pumps, diffusion pumps, c ryopumps and adsorption pumps
Prodcom 28132190 - Liquid ring

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023