Threaded products are widely used in industries like machinery manufacturing, construction, automotive, aerospace, and electrical appliances.
The upstream sector for threaded products mainly includes the production of steel and other metal materials, which provide the raw materials required for their manufacture. These raw materials are processed into basic components of bolts, nuts, and screws, where their quality directly affects the performance and longevity of threaded products. According to the publisher, Vietnam currently has insufficient capacity for producing threaded products and relies heavily on imports.
The downstream sector for threaded products includes fields like mechanical assembly, equipment manufacturing, and construction, where these products are essential for assembling products and building structures. The high strength and reliability of threaded products ensure the quality of final products and engineering projects. The analysis by the publisher indicates that Vietnam's downstream sectors for threaded products are rapidly growing, driving the expansion of the market size for these products.
Producing threaded products requires specific machining equipment, such as corresponding moulds, lathes and milling machines, along with strict quality control and testing methods. Globally, major producers and exporters of threaded products include countries like China, Germany, Japan, and the United States.
In Vietnam, demand for threaded products has been rising in line with the country's industrialization process. Although Vietnam's threaded products industry is gradually developing, there are still gaps in technology, production capacity, and quality control compared to other countries. As a result, importing high-quality threaded products is an effective solution to ensure the smooth execution of projects and production while enhancing overall product quality, reliability and cost-effectiveness.
Generally, threaded products are critical components in the manufacture and construction sectors, with a broad market demand and development prospects. According to the publisher data, Vietnam's total imports of threaded products exceeded USD 450 million in 2023. With growing market demand, the import value exceeded USD 250 million from January to May 2024 and is expected to continue growing in the coming years.
The publisher analyzes that the primary sources of Vietnam's threaded product imports from 2021 to 2024 include China, South Korea, and Japan. Major exporters to Vietnam include companies like Samsung, Công Ty Cổ Phần Seoul Metal Việt Nam, and Cloud Network Technology Singapore Pte. Ltd.
The main importers of threaded products in Vietnam are manufacturers and distributors in the electronics, machinery, and automotive industries, primarily foreign-invested enterprises such as Samsung Electronics Vietnam Co., Ltd., TTI Vietnam Manufacturing, and Goertek Technology Vina Company Limited.
Overall, with Vietnam's growing population, industry development, and progressed urbanization, the demand for threaded products is expected to increase continuously. The publisher predicts that Vietnam's threaded product imports will continue to grow in the coming years, playing a significant role in the country's industrial stability and growth.
Topics covered:
- The Import and Export of Threaded Products in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Threaded Products in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Threaded Products in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Threaded Products in Vietnam (January-May 2024)
- Total Import Value and Percentage Change of Threaded Products in Vietnam (January-May 2024)
- Average Import Price of Threaded Products in Vietnam (2021-2024)
- Top 10 Sources of Threaded Products Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Threaded Products in Vietnam and Their Supply Volume
- Top 10 Importers of Threaded Products in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Threaded Products in Vietnam
- How Foreign Enterprises Enter the Threaded Products Market of Vietnam
- Forecast for the Import of Threaded Products in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Samsung
- Công Ty Cổ Phần Seoul Metal Việt Nam
- Cloud Network Technology Singapore Pte. Ltd.
- Samsung Electronics Vietnam Co. Ltd.
- Tti Vietnam Manufacturing
- Goertek Technology Vina Company Limited
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
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The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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