Vietnam: Vices And Clamps Market 2024

Vices And Clamps Market Size in Vietnam

The Vietnamese vices and clamps market expanded modestly to $X in 2022, increasing by 3% against the previous year. Over the period under review, consumption, however, showed a deep contraction. The growth pace was the most rapid in 2019 with an increase of 6.4%. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Vices And Clamps Production in Vietnam

In value terms, vices and clamps production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Vices And Clamps Exports

Exports from Vietnam

In 2022, overseas shipments of vices and clamps were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a strong increase. The growth pace was the most rapid in 2013 when exports increased by 113% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, vices and clamps exports rose to $X in 2022. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 210%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and Japan (X tons) were the main destinations of vices and clamps exports from Vietnam, together comprising 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +260.6%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Germany ($X) and Japan ($X) constituted the largest markets for vices and clamps exported from Vietnam worldwide, together accounting for 100% of total exports.

The United States, with a CAGR of +255.9%, recorded 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 mixed trend patterns.

Export Prices by Country

In 2022, the average vices and clamps export price amounted to $X per ton, shrinking by -4.6% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2013 an increase of 45%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.3%), while the prices for the other major destinations experienced a decline.

Vices And Clamps Imports

Imports into Vietnam

In 2022, approx. X tons of vices and clamps were imported into Vietnam; surging by 94% compared with 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 197% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vices and clamps imports skyrocketed to $X in 2022. In general, imports recorded slight growth. The pace of growth appeared the most rapid in 2020 when imports increased by 181% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of vices and clamps imports to Vietnam, with a combined 82% share of total imports. Taiwan (Chinese), Romania, Indonesia, Germany, the United States and Singapore lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +284.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vices and clamps suppliers to Vietnam were China ($X), Japan ($X) and South Korea ($X), together accounting for 82% of total imports. Taiwan (Chinese), Romania, Indonesia, Germany, the United States and Singapore lagged somewhat behind, together accounting for a further 16%.

Romania, with a CAGR of +286.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 vices and clamps import price stood at $X per ton in 2022, with a decrease of -11.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($X per ton) and Japan ($X per ton), while the price for Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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