Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam - 2022
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam (CIF) - 2022
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam (FOB) - 2022
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam
- Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam (CIF) - 2022
In 2022, the average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $1,496 per unit, with a decrease of -14.4% against the previous year. Overall, the import price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure at $3,428 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,836 per unit), while the price for Australia ($509 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam (FOB) - 2022
The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $6,480 per unit in 2022, rising by 21% against the previous year. Over the period under review, the export price saw a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 406% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($8,830 per unit), while the average price for exports to the Czech Republic ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam
In 2022, approx. 2K units of weighing machines; having a maximum weighing capacity exceeding 5000kgs were imported into Vietnam; surging by 33% against the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.5% 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 +66.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs rose rapidly to $3M in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports of reached the peak figure at $3.9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,225 | 1,255 | 867 | 874 | -26.8% |
| Czech Republic | 14.3 | 36.6 | 10.2 | 333 | 185.6% |
| Denmark | 1.6 | 119 | 284 | 254 | 441.5% |
| Canada | 437 | 284 | 171 | 215 | -21.1% |
| South Korea | 219 | 280 | 118 | 179 | -6.5% |
| Germany | 275 | 155 | 34.2 | 153 | -17.8% |
| Singapore | 18.5 | 12.4 | 93.0 | 152 | 101.8% |
| Spain | 33.9 | 9.9 | 80.4 | 133 | 57.7% |
| Israel | 18.5 | 28.7 | 98.7 | 131 | 92.0% |
| India | 14.3 | 10.2 | 100 | 89.5 | 84.3% |
| Italy | 128 | 20.9 | 60.3 | 84.7 | -12.9% |
| Turkey | 7.9 | 13.7 | 84.3 | 75.4 | 112.1% |
| Australia | 4.1 | 5.7 | 14.6 | 19.9 | 69.3% |
| Others | 535 | 307 | 671 | 356 | -12.7% |
| Total | 3,932 | 2,539 | 2,688 | 3,050 | -8.1% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Vietnam in 2022:
- China (911.0 units)
- Denmark (165.0 units)
- Canada (140.0 units)
- South Korea (116.0 units)
- Czech Republic (106.0 units)
- Israel (85.0 units)
- Singapore (77.0 units)
- Spain (73.0 units)
- India (59.0 units)
- Italy (56.0 units)
- Turkey (50.0 units)
- Germany (40.0 units)
- Australia (39.0 units)
Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam
In 2022, overseas shipments of weighing machines; having a maximum weighing capacity exceeding 5000kgs increased by 7.9% to 191 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a sharp slump. Over the period under review, the exports of attained the maximum at 992 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs soared to $1.2M in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports of attained the peak figure at $1.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,414 | 1,205 | 550 | 552 | -26.9% |
| Lao People's Democratic Republic | 37.8 | 65.8 | 110 | 298 | 99.0% |
| India | 1.4 | 1.0 | 55.3 | 115 | 334.7% |
| Saudi Arabia | 69.2 | 74.1 | 68.6 | 76.9 | 3.6% |
| Myanmar | 44.9 | 1.7 | 17.4 | 34.9 | -8.1% |
| Singapore | 52.2 | 45.1 | 29.1 | 34.1 | -13.2% |
| Cambodia | 14.1 | 23.8 | 20.8 | 34.1 | 34.2% |
| Malaysia | 13.7 | 8.5 | 2.8 | 1.9 | -48.2% |
| Czech Republic | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Cote d'Ivoire | 12.7 | 97.8 | N/A | N/A | 670.1% |
| Others | 94.1 | 75.8 | 91.8 | 90.4 | -1.3% |
| Total | 1,754 | 1,598 | 946 | 1,238 | -11.0% |
Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Vietnam in 2022:
- Japan (66.0 units)
- Lao People's Democratic Republic (36.0 units)
- Singapore (28.0 units)
- India (13.0 units)
- Saudi Arabia (9.0 units)
- Myanmar (6.0 units)
- Cambodia (4.0 units)
- Czech Republic (3.0 units)
- Malaysia (1.0 units)
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