Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam - 2022

Contents:

  1. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam (CIF) - 2022
  2. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam (FOB) - 2022
  3. Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam
  4. Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam (CIF) - 2022

The average import price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $145 per unit in 2022, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in 2021 an increase of 30%. Over the period under review, average import prices reached the peak figure at $161 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($376 per unit), while the price for Indonesia ($67 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam (FOB) - 2022

The average export price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $102 per unit in 2022, dropping by -19.7% against the previous year. In general, the export price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of 76%. As a result, the export price attained the peak level of $194 per unit. From 2016 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 Switzerland ($207 per unit), while the average price for exports to France ($37 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 Switzerland (+70.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam

In 2022, approx. 2.3K units of sound recording or reproducing apparatus; turntables (record-decks)s were imported into Vietnam; which is down by -22.6% compared with 2021. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports attained the peak of 3K units, and then contracted markedly in the following year.

In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s shrank significantly to $335K in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of $428K, and then contracted significantly in the following year.

Import of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany12.311.432.6104103.7%
Czech Republic34.236.033.251.314.5%
Indonesia78.368.848.135.0-23.5%
United States33.933.264.523.4-11.6%
Taiwan (Chinese)7.427.390.622.344.4%
Switzerland5.25.419.321.560.5%
China10.731.055.114.09.4%
Singapore9.12.47.812.310.6%
Hong Kong SAR24.828.918.410.7-24.4%
Austria7.07.88.410.514.5%
Italy6.17.71.25.3-4.6%
United Kingdom4.33.310.13.3-8.4%
Others30.927.139.021.2-11.8%
Total2642904283358.3%

Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Vietnam in 2022:

  1. Indonesia (522.0 units)
  2. Czech Republic (327.0 units)
  3. Germany (277.0 units)
  4. United States (258.0 units)
  5. Taiwan (Chinese) (204.0 units)
  6. Switzerland (164.0 units)
  7. Austria (125.0 units)
  8. China (92.0 units)
  9. Singapore (70.0 units)
  10. Hong Kong SAR (66.0 units)
  11. Italy (50.0 units)
  12. United Kingdom (21.0 units)

Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam

In 2022, approx. 456 units of sound recording or reproducing apparatus; turntables (record-decks)s were exported from Vietnam; increasing by 322% against 2021 figures. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s skyrocketed to $46K in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States10.23.67.325.034.8%
Canada3.7N/A0.47.627.1%
Singapore0.20.10.72.6135.1%
UzbekistanN/A0.20.81.5173.9%
Czech Republic0.20.10.21.386.6%
Switzerland0.20.50.81.281.7%
Malaysia1.10.10.21.10.0%
United Arab Emirates0.20.10.20.965.1%
Japan0.40.31.30.931.0%
Norway0.2N/AN/A0.858.7%
France0.1N/A0.10.681.7%
South Africa2.1N/AN/AN/A0%
Australia2.5N/AN/AN/A0%
Others2.30.31.62.98.0%
Total23.45.313.746.425.6%

Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Vietnam in 2022:

  1. United States (173.0 units)
  2. Canada (107.0 units)
  3. Singapore (33.0 units)
  4. Uzbekistan (28.0 units)
  5. Malaysia (28.0 units)
  6. Czech Republic (17.0 units)
  7. France (15.0 units)
  8. Norway (13.0 units)
  9. United Arab Emirates (11.0 units)
  10. Switzerland (6.0 units)
  11. Japan (4.0 units)

Source: IndexBox Market Intelligence Platform

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