Vietnam - Equipment For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Internal Combustion Engine Equipment in Vietnam - 2022
Contents:
- Price for Internal Combustion Engine Equipment in Vietnam (CIF) - 2022
- Price for Internal Combustion Engine Equipment in Vietnam (FOB) - 2022
- Imports of Internal Combustion Engine Equipment in Vietnam
- Exports of Internal Combustion Engine Equipment in Vietnam
Price for Internal Combustion Engine Equipment in Vietnam (CIF) - 2022
The average internal combustion engine equipment import price stood at $8.1 per unit in 2022, picking up by 7.1% against the previous year. Overall, the import price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2016 an increase of 105% against the previous year. As a result, import price attained the peak level of $34 per unit. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($15 per unit), while the price for China ($3.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Internal Combustion Engine Equipment in Vietnam (FOB) - 2022
The average internal combustion engine equipment export price stood at $7 per unit in 2022, dropping by -3.5% against the previous year. In general, the export price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 38%. The export price peaked at $34 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($26 per unit), while the average price for exports to Thailand ($3.7 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 the United States (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Internal Combustion Engine Equipment in Vietnam
For the fourth consecutive year, Vietnam recorded growth in supplies from abroad of equipment for internal combustion engines, which increased by 3.7% to 2M units in 2022. The total import volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, internal combustion engine equipment imports totaled $16M in 2022. In general, imports, however, continue to indicate a abrupt setback. Over the period under review, imports hit record highs at $22M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Internal Combustion Engine Equipment in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 7.5 | 7.2 | 6.2 | 7.5 | 0.0% |
Philippines | 3.6 | 2.8 | 2.1 | 2.8 | -8.0% |
China | 0.4 | 1.4 | 3.2 | 2.7 | 89.0% |
Malaysia | 1.5 | 0.9 | 1.3 | 1.6 | 2.2% |
Indonesia | 1.4 | 0.5 | 0.1 | 0.6 | -24.6% |
Japan | 2.2 | 0.6 | N/A | 0.2 | -55.0% |
South Korea | 4.6 | 3.9 | 1.2 | N/A | -48.9% |
Others | 0.4 | 0.5 | 0.4 | 0.6 | 14.5% |
Total | 21.6 | 17.8 | 14.6 | 16.2 | -9.1% |
Top Suppliers of Internal Combustion Engine Equipment to Vietnam in 2022:
- China (785.0K units)
- Thailand (538.6K units)
- Malaysia (334.5K units)
- Philippines (201.9K units)
- Indonesia (64.3K units)
- Japan (20.1K units)
- South Korea (0.2K units)
Exports of Internal Combustion Engine Equipment in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of equipment for internal combustion engines, when their volume decreased by -32.1% to 237K units. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 894%. The exports peaked at 349K units in 2021, and then shrank significantly in the following year.
In value terms, internal combustion engine equipment exports fell remarkably to $1.7M in 2022. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 223% against the previous year. As a result, the exports attained the peak of $2.5M, and then shrank remarkably in the following year.
Export of Internal Combustion Engine Equipment in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 31.7 | 148 | 1,634 | 784 | 191.4% |
Thailand | 0.3 | 2.4 | 13.2 | 361 | 963.6% |
Netherlands | 0.1 | 0.7 | 280 | 266 | 1285.6% |
Brazil | 6.2 | 28.1 | 140 | 129 | 175.0% |
United States | 183 | 511 | 124 | 11.5 | -60.2% |
Others | 23.2 | 95.9 | 347 | 110 | 68.0% |
Total | 244 | 787 | 2,538 | 1,662 | 89.6% |
Top Export Markets for Internal Combustion Engine Equipment from Vietnam in 2022:
- Thailand (96.5K units)
- Indonesia (92.1K units)
- Netherlands (29.4K units)
- Brazil (5.0K units)
- United States (1.5K units)
This report provides an in-depth analysis of the market for internal combustion engine equipment in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29312270 - Equipment, n.e.c., for internal combustion engines
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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