Vietnam: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2024

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Vietnam

The Vietnamese market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps declined remarkably to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market attained the peak level at $X in 2021, and then reduced sharply in the following year.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Vietnam

In 2022, after two years of growth, there was significant decline in overseas shipments of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Vietnam, with a X% share of total exports. Moreover, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Indonesia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), threefold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and the United States (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

In 2022, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, surging by X% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Russia ($X 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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Vietnam

In 2022, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps into Vietnam contracted dramatically to X units, reducing by X% against 2021 figures. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted remarkably to $X in 2022. Over the period under review, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Vietnam, with a X% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Vietnam, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

Import Prices by Country

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :