Report Update: May 1, 2024

Vietnam - Hydraulic Presses For Working Metal - Market Analysis, Forecast, Size, Trends And Insights

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Hydraulic Press Price in Vietnam - 2022

Hydraulic Press Price in Vietnam (CIF) - 2022

In 2022, the average hydraulic press import price amounted to $40,208 per unit, increasing by 209% against the previous year. Over the period under review, the import price recorded a strong expansion. Over the period under review, average import prices attained the maximum at $41,026 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +13.5% per year.

Hydraulic Press Price in Vietnam (FOB) - 2022

In 2022, the average hydraulic press export price amounted to $6,552 per unit, with an increase of 29% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 62%. The export price peaked at $13,877 per unit in 2012; however, from 2013 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 ($7,364 per unit), while the average price for exports to Cambodia ($2,175 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 (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports in Vietnam

In 2022, supplies from abroad of hydraulic presses for working metal decreased by -70.2% to 1K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 1.7%. As a result, imports attained the peak of 3.4K units, and then contracted remarkably in the following year.

In value terms, hydraulic press imports dropped to $41M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports attained the peak of $44M, and then dropped in the following year.

Import of Hydraulic Press in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	3.6	2.9	2.7	40.8	124.6%
South Korea	8.3	7.2	6.9	N/A	-8.8%
Japan	4.3	9.6	6.5	N/A	22.9%
China	18.2	16.1	27.1	N/A	22.0%
Others	2.5	1.4	1.3	N/A	-27.9%
Total	36.9	37.2	44.4	40.8	3.4%

Top Suppliers of Hydraulic Press to Vietnam in 2022:

Taiwan (Chinese) (1.0K units)

Hydraulic Press Exports in Vietnam

In 2022, hydraulic press exports from Vietnam reduced to 126 units, shrinking by -10% on the year before. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 3.7% against the previous year. Over the period under review, the exports hit record highs at 149 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hydraulic press exports skyrocketed to $826K in 2022. The total export value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, the exports attained the peak of $941K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Hydraulic Press in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	75.3	226	281	376	70.9%
Denmark	335	185	236	333	-0.2%
South Korea	163	27.7	9.7	88.3	-18.5%
Cambodia	0.5	30.8	3.3	15.2	212.1%
Lao People's Democratic Republic	0.7	23.1	7.9	14.0	171.4%
Thailand	51.7	N/A	78.5	N/A	23.2%
China	N/A	415	N/A	N/A	0%
Pakistan	N/A	N/A	46.0	N/A	0%
Others	13.6	33.6	48.3	N/A	88.5%
Total	639	941	711	826	8.9%

Top Export Markets for Hydraulic Press from Vietnam in 2022:

India (51.0 units)
Denmark (46.0 units)
South Korea (16.0 units)
Cambodia (7.0 units)
Lao People's Democratic Republic (6.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hydraulic press 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 28413350 - Hydraulic presses for working metal

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023