Weaving Machines (Looms) Price in Vietnam - 2022
Contents:
- Weaving Machines (Looms) Price in Vietnam (CIF) - 2022
- Weaving Machines (Looms) Price in Vietnam (FOB) - 2022
- Weaving Machines (Looms) Imports in Vietnam
- Weaving Machines (Looms) Exports in Vietnam
Weaving Machines (Looms) Price in Vietnam (CIF) - 2022
In December 2022, the average weaving machines (looms) import price amounted to $30,649 per unit, growing by 36% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 an increase of 229% month-to-month. As a result, import price attained the peak level of $165K per unit. From September 2022 to December 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($19,682 per unit), while the price for Belgium stood at $16,689 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Price in Vietnam (FOB) - 2022
In 2022, the average weaving machines (looms) export price amounted to $14,501 per unit, shrinking by -2.3% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 68%. Over the period under review, the average export prices attained the peak figure at $50,682 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($29,025 per unit), while the average price for exports to Egypt ($12,394 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 Arab Emirates (+510.9%), while the prices for the other major destinations experienced more modest paces of growth.
Weaving Machines (Looms) Imports in Vietnam
In 2022, after two years of decline, there was significant growth in supplies from abroad of weaving machines (looms)s, when their volume increased by 41% to 2.7K units. Overall, imports, however, saw a deep setback. Imports peaked at 3.2K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, weaving machines (looms) imports skyrocketed to $65M in 2022. In general, imports, however, saw a abrupt decline. Imports peaked at $90M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Weaving Machines (Looms) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.4 | 23.5 | 29.8 | 28.9 | -4.7% |
| Belgium | 9.5 | 5.7 | 5.2 | 16.7 | 20.7% |
| Italy | 9.1 | 3.9 | 3.7 | 6.2 | -12.0% |
| Japan | 22.8 | 11.0 | 6.4 | 4.8 | -40.5% |
| India | 4.8 | 3.2 | 1.9 | 2.5 | -19.5% |
| South Korea | 4.1 | 2.6 | 1.7 | 2.2 | -18.7% |
| Switzerland | 3.3 | 3.3 | 1.2 | 1.7 | -19.8% |
| Others | 3.1 | 1.2 | 0.8 | 2.2 | -10.8% |
| Total | 90.1 | 54.4 | 50.8 | 65.3 | -10.2% |
Top Suppliers of Weaving Machines (Looms) to Vietnam in 2022:
- China (1143.0 units)
- Belgium (780.0 units)
- Italy (274.0 units)
- Japan (166.0 units)
- India (125.0 units)
- South Korea (91.0 units)
- Switzerland (58.0 units)
Weaving Machines (Looms) Exports in Vietnam
In 2022, the amount of weaving machines (looms)s exported from Vietnam dropped significantly to 88 units, declining by -60% compared with the previous year. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,733%. As a result, the exports attained the peak of 220 units, and then declined markedly in the following year.
In value terms, weaving machines (looms) exports contracted remarkably to $1.3M in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 751%. As a result, the exports reached the peak of $3.3M, and then dropped markedly in the following year.
| Export of Weaving Machines (Looms) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 45.0 | 1,085 | 767 | 312.8% |
| United Arab Emirates | 0.1 | N/A | N/A | 226 | 1212.3% |
| Bangladesh | N/A | N/A | N/A | 145 | 0% |
| Egypt | N/A | N/A | N/A | 86.8 | 0% |
| Malaysia | N/A | N/A | 105 | 51.0 | -51.4% |
| China | N/A | N/A | 330 | N/A | 0% |
| Cambodia | 300 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | 4.4 | 1,404 | N/A | 31809.1% |
| Others | 225 | 334 | 342 | N/A | 23.3% |
| Total | 525 | 384 | 3,266 | 1,276 | 34.5% |
Top Export Markets for Weaving Machines (Looms) from Vietnam in 2022:
- India (57.0 units)
- United Arab Emirates (15.0 units)
- Egypt (7.0 units)
- Bangladesh (5.0 units)
- Malaysia (4.0 units)
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