Price for Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam - 2022
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam (CIF) - 2022
In December 2022, the average import price for reciprocating or rotary internal combustion piston engineses amounted to $1,560 per unit, dropping by -3.6% against the previous month. In general, the import price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in March 2022 an increase of 232% month-to-month. Over the period under review, average import prices attained the peak figure at $2,832 per unit in August 2022; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,568 per unit), while the price for Indonesia ($743 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam (FOB) - 2022
In December 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $807 per unit, waning by -14.6% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 an increase of 96% against the previous month. As a result, the export price attained the peak level of $2,518 per unit. From October 2022 to December 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($1,782 per unit), while the average price for exports to Italy amounted to $219 per unit.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+9.3%).
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam
For the fourth consecutive year, Vietnam recorded growth in supplies from abroad of reciprocating or rotary internal combustion piston engineses, which increased by 51% to 1.9M units in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 89%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of reciprocating or rotary internal combustion piston engineses dropped slightly to $647M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. Imports peaked at $663M in 2021, and then dropped in the following year.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.2 | 224 | 339 | 209 | 41.9% |
| South Korea | 65.7 | 63.6 | 92.9 | 117 | 21.2% |
| Indonesia | 104 | 89.6 | 75.8 | 91.5 | -4.2% |
| Thailand | 20.7 | 80.5 | 84.1 | 79.1 | 56.3% |
| United States | 18.5 | 17.2 | 8.8 | 53.8 | 42.7% |
| India | 12.8 | 15.5 | 20.2 | 33.1 | 37.3% |
| Japan | 42.8 | 31.2 | 21.2 | 31.4 | -9.8% |
| Others | 28.4 | 10.3 | 21.4 | 31.9 | 3.9% |
| Total | 366 | 532 | 663 | 647 | 20.9% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Vietnam in 2022:
- China (1115.2K units)
- Indonesia (318.5K units)
- South Korea (158.6K units)
- Thailand (136.0K units)
- United States (72.7K units)
- India (37.0K units)
- Japan (31.5K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam
Exports of reciprocating or rotary internal combustion piston engineses from Vietnam skyrocketed to 266K units in 2022, picking up by 46% compared with 2021 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 531% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of reciprocating or rotary internal combustion piston engineses soared to $112M in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 415% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.3 | 12.8 | 40.7 | 1064.8% |
| Japan | 3.6 | 22.7 | 24.8 | 31.3 | 105.6% |
| Italy | 4.9 | 22.2 | 24.9 | 27.4 | 77.5% |
| Thailand | 1.2 | 0.5 | N/A | 12.0 | 115.4% |
| Israel | N/A | 10.0 | N/A | N/A | 0% |
| Others | 1.4 | 1.2 | 3.0 | 0.8 | -17.0% |
| Total | 11.0 | 56.9 | 65.5 | 112 | 116.7% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Vietnam in 2022:
- Japan (111.0K units)
- Italy (66.6K units)
- United States (57.9K units)
- Thailand (30.3K units)
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