Vietnam - Gear Cutting, Gear Grinding Or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Cutting Machine Price in Vietnam - 2022
Contents:
- Gear Cutting Machine Price in Vietnam (CIF) - 2022
- Gear Cutting Machine Price in Vietnam (FOB) - 2022
- Gear Cutting Machine Imports in Vietnam
- Gear Cutting Machine Exports in Vietnam
Gear Cutting Machine Price in Vietnam (CIF) - 2022
The average gear cutting machine import price stood at $504 per unit in 2022, remaining stable against the previous year. Overall, the import price faced a dramatic setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 82%. Over the period under review, average import prices reached the maximum at $28,273 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Switzerland ($465 per unit) and Japan ($465 per unit), while the price for Hong Kong SAR ($461 per unit) and Turkey ($462 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-18.1%), while the prices for the other major suppliers experienced a decline.
Gear Cutting Machine Price in Vietnam (FOB) - 2022
In 2022, the average gear cutting machine export price amounted to $1,892 per unit, with a decrease of -5.3% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 182% against the previous year. As a result, the export price reached the peak level of $2,732 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($3,176 per unit), while the average price for exports to Thailand ($51 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 Australia (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.
Gear Cutting Machine Imports in Vietnam
For the fourth consecutive year, Vietnam recorded growth in overseas purchases of gear cutting, gear grinding or gear finishing machines, which increased by 35% to 7.7K units in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, gear cutting machine imports skyrocketed to $3.9M in 2022. In general, imports, however, faced a abrupt descent. Imports peaked at $6.7M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Gear Cutting Machine in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2,877 | 2,265 | 1,488 | 1,763 | -15.1% |
| Japan | 1,688 | 1,253 | 729 | 1,264 | -9.2% |
| Germany | 30.2 | 213 | 163 | 162 | 75.1% |
| Taiwan (Chinese) | 334 | 37.9 | 100 | 99.4 | -33.2% |
| Turkey | 129 | 98.5 | 62.7 | 71.9 | -17.7% |
| Hong Kong SAR | 3.9 | 116 | 63.7 | 63.2 | 153.1% |
| Others | 1,588 | 878 | 271 | 445 | -34.6% |
| Total | 6,650 | 4,861 | 2,878 | 3,869 | -16.5% |
Top Suppliers of Gear Cutting Machine to Vietnam in 2022:
- Switzerland (3.8K units)
- Japan (2.7K units)
- Germany (0.3K units)
- Turkey (0.2K units)
- Taiwan (Chinese) (0.2K units)
- Hong Kong SAR (0.1K units)
Gear Cutting Machine Exports in Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas shipments of gear cutting, gear grinding or gear finishing machines, which increased by 2% to 50 units in 2022. The total export volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 8.9%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, gear cutting machine exports contracted modestly to $94K in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 85%. The exports peaked at $97K in 2021, and then shrank in the following year.
| Export of Gear Cutting Machine in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 9.0 | 35.9 | 34.8 | 34.8 | 57.0% |
| India | 9.3 | 24.3 | 13.9 | 16.2 | 20.3% |
| Angola | 14.6 | N/A | N/A | 10.9 | -9.3% |
| Japan | 3.6 | 2.5 | 11.0 | 9.2 | 36.7% |
| Indonesia | 3.7 | 11.9 | 9.4 | 7.6 | 27.1% |
| South Korea | 2.8 | 0.7 | 6.2 | 5.2 | 22.9% |
| Taiwan (Chinese) | 2.1 | 6.9 | 5.5 | 4.6 | 29.9% |
| Lao People's Democratic Republic | 0.7 | 2.4 | 1.9 | 1.6 | 31.7% |
| Cambodia | 0.7 | 2.2 | 1.7 | 1.3 | 22.9% |
| Singapore | 0.1 | 0.4 | 0.3 | 0.3 | 44.2% |
| Poland | N/A | N/A | 9.5 | N/A | 0% |
| Others | 2.2 | 3.4 | 3.3 | 2.4 | 2.9% |
| Total | 49.0 | 90.6 | 97.5 | 94.0 | 24.3% |
Top Export Markets for Gear Cutting Machine from Vietnam in 2022:
- Australia (16.0 units)
- Angola (6.0 units)
- India (5.0 units)
- Japan (5.0 units)
- Indonesia (4.0 units)
- Taiwan (Chinese) (3.0 units)
- South Korea (3.0 units)
- Lao People's Democratic Republic (2.0 units)
- Singapore (2.0 units)
- Cambodia (1.0 units)
This report provides an in-depth analysis of the gear cutting machine market 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 28412430 - Gear cutting, gear grinding or gear finishing machines, for working metals, metal carbides or cermets (excluding planing, s lotting and broaching machines)
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
-
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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