Price for Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $17,192 per ton, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 an increase of 28% against the previous year. As a result, import price reached the peak level of $18,224 per ton. From 2015 to 2022, the average 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 ($24,295 per ton), while the price for Taiwan (Chinese) ($8,178 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $18,807 per ton, waning by -1.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.6%. As a result, the export price reached the peak level of $22,122 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($20,535 per ton) and Myanmar ($19,933 per ton), while the average price for exports to Lao People's Democratic Republic ($17,450 per ton) and Japan ($17,846 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam
After two years of decline, supplies from abroad of machinery; parts of the machinery of heading no. 8425 increased by 67% to 463 tons in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 surged to $8M in 2022. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,373 | 1,219 | 1,179 | 2,864 | 27.8% |
| China | 883 | 1,196 | 1,270 | 2,390 | 39.4% |
| Taiwan (Chinese) | 1,331 | 892 | 570 | 722 | -18.4% |
| Norway | 3.4 | 5.9 | 3.2 | 464 | 414.8% |
| Poland | 5.7 | 50.6 | 128 | 343 | 291.9% |
| Netherlands | 34.4 | 37.4 | 276 | 239 | 90.8% |
| Japan | 262 | 193 | 154 | 218 | -5.9% |
| Germany | 235 | 170 | 114 | 197 | -5.7% |
| India | 66.5 | 77.5 | 93.1 | 174 | 37.8% |
| United States | 154 | 146 | 158 | 45.3 | -33.5% |
| Spain | 3.5 | 340 | 14.4 | 4.1 | 5.4% |
| Mexico | 363 | N/A | N/A | N/A | 0% |
| Others | 540 | 332 | 99.0 | 293 | -18.4% |
| Total | 5,255 | 4,658 | 4,058 | 7,953 | 14.8% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Vietnam in 2022:
- South Korea (117.9 tons)
- China (115.8 tons)
- Taiwan (Chinese) (88.3 tons)
- Norway (30.7 tons)
- Netherlands (25.1 tons)
- Japan (19.2 tons)
- Germany (16.4 tons)
- Poland (16.1 tons)
- India (8.5 tons)
- United States (3.6 tons)
- Spain (0.3 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam
For the third consecutive year, Vietnam recorded decline in overseas shipments of machinery; parts of the machinery of heading no. 8425, which decreased by -24.5% to 16 tons in 2022. In general, exports saw a precipitous contraction. The smallest decline of -12.9% was in 2021.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 declined markedly to $292K in 2022. Over the period under review, exports showed a significant curtailment. The smallest decline of -18.5% was in 2020.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 109 | 76.0 | 78.4 | 79.6 | -9.9% |
| South Korea | 5.8 | 374 | 36.9 | 78.8 | 138.6% |
| Cambodia | 222 | 15.2 | 38.1 | 46.3 | -40.7% |
| China | 191 | 4.8 | 6.5 | 38.3 | -41.5% |
| Singapore | N/A | N/A | N/A | 30.1 | 0% |
| Myanmar | 30.0 | 15.3 | 3.6 | 9.2 | -32.6% |
| Spain | N/A | N/A | 71.5 | N/A | 0% |
| Turkey | N/A | N/A | 106 | N/A | 0% |
| Others | 77.6 | 32.4 | 52.4 | 9.3 | -50.7% |
| Total | 635 | 518 | 393 | 292 | -22.8% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Vietnam in 2022:
- Japan (4.5 tons)
- South Korea (3.8 tons)
- Cambodia (2.6 tons)
- China (1.9 tons)
- Singapore (1.7 tons)
- Myanmar (0.5 tons)
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