Vietnam: Multi-Station Transfer Machine Market 2024

Multi-Station Transfer Machine Market Size in Vietnam

The Vietnamese multi-station transfer machine market fell to $X in 2022, which is down 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). Overall, consumption saw a mild downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Multi-Station Transfer Machine Exports

Exports from Vietnam

In 2022, shipments abroad of multi-station transfer machines for working metal decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, multi-station transfer machine exports reduced notably to $X in 2022. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) and China (X units) were the main destinations of multi-station transfer machine exports from Vietnam.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%).

In value terms, India ($X) emerged as the key foreign market for multi-station transfer machines for working metal exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to X%.

Export Prices by Country

In 2022, the average multi-station transfer machine export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Multi-Station Transfer Machine Imports

Imports into Vietnam

In 2022, multi-station transfer machine imports into Vietnam dropped remarkably to X units, with a decrease of X% against 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, multi-station transfer machine imports shrank to $X in 2022. Over the period under review, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of multi-station transfer machine to Vietnam, with a X% share of total imports. Moreover, multi-station transfer machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of multi-station transfer machines for working metal to Vietnam, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

Import Prices by Country

The average multi-station transfer machine import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per unit) and Germany ($X per unit), while the price for Japan ($X per unit) and South Korea ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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