Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Vietnam - 2022

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Vietnam (CIF) - 2022
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Vietnam (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Vietnam
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Vietnam

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Vietnam (CIF) - 2022

In December 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $73,745 per unit, shrinking by -13.3% against the previous month. Over the period under review, the import price recorded a mild setback. The pace of growth appeared the most rapid in September 2022 an increase of 72% m-o-m. As a result, import price reached the peak level of $141K per unit; afterwards, it flattened through to December 2022.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the UK ($878K per unit), while the price for South Korea ($33,396 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 UK (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Vietnam (FOB) - 2022

In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $55,206 per unit, waning by -16.6% against the previous year. In general, the export price, however, enjoyed prominent growth. The growth pace was the most rapid in 2014 when the average export price increased by 113% against the previous year. Over the period under review, the average export prices reached the maximum at $81,250 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +17.2% per year.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Vietnam

In 2022, approx. 1.3K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were imported into Vietnam; shrinking by -23.1% compared with the previous year. In general, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 71%. As a result, imports attained the peak of 1.7K units, and then fell sharply in the following year.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs reduced to $140M in 2022. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 142% against the previous year. As a result, imports reached the peak of $148M, and then contracted in the following year.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Vietnam in 2022:

1. Japan (919.0 units)
2. United States (103.0 units)
3. Germany (89.0 units)
4. Austria (87.0 units)
5. United Kingdom (59.0 units)
6. Canada (8.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Vietnam

In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs exported from Vietnam reduced dramatically to 1 units, with a decrease of -88.9% compared with the year before. In general, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, the exports of attained the peak figure at 29 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs reduced rapidly to $55K in 2022. Overall, exports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports of reached the peak figure at $1.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Vietnam in 2022:

1. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform