Vietnam: Vapour Generating Boiler Market 2025

Vapour Generating Boiler Market Size in Vietnam

The Vietnamese vapour generating boiler market dropped rapidly to $X in 2021, declining by -16.5% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Vapour Generating Boiler Production in Vietnam

In value terms, vapour generating boiler production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 415% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Vapour Generating Boiler Exports

Exports from Vietnam

In 2021, approx. X tons of vapour generating boilers were exported from Vietnam; growing by 179% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 663%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vapour generating boiler exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 701% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cambodia (X tons), Cote d'Ivoire (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of vapour generating boiler exports from Vietnam, together comprising 85% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +58.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for vapour generating boiler exported from Vietnam were Cambodia ($X), Cote d'Ivoire ($X) and Lao People's Democratic Republic ($X), together comprising 85% of total exports.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +56.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average vapour generating boiler export price stood at $X per ton in 2021, with a decrease of -13.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.3%. The growth pace was the most rapid in 2013 when the average export price increased by 73% against the previous year. The export price peaked at $X per ton in 2020, and then dropped in the following year.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Lao People's Democratic Republic ($X per ton) and Cote d'Ivoire ($X per ton), while the average price for exports to Cambodia ($X per ton) and Bangladesh ($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 Cambodia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Generating Boiler Imports

Imports into Vietnam

After two years of growth, purchases abroad of vapour generating boilers decreased by -31.7% to X tons in 2021. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 83% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, vapour generating boiler imports dropped remarkably to $X in 2021. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 66% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vapour generating boiler to Vietnam, accounting for a 68% share of total imports. Moreover, vapour generating boiler imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-15.0% per year) and Japan (+12.8% per year).

In value terms, China ($X) constituted the largest supplier of vapour generating boilers to Vietnam, comprising 68% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by Japan, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-11.6% per year) and Japan (+17.2% per year).

Import Prices by Country

The average vapour generating boiler import price stood at $X per ton in 2021, dropping by -18% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 88% against the previous year. The import price peaked at $X per ton in 2020, and then shrank sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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