ASEAN: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in ASEAN

The ASEAN gravimetric filling machine market soared to $X in 2022, surging by 52% against the previous year. Over the period under review, consumption, however, saw a significant expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Gravimetric Filling Machine Production in ASEAN

In value terms, gravimetric filling machine production soared to $X in 2022 estimated in export price. In general, production showed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 744% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Gravimetric Filling Machine Exports

Exports in ASEAN

In 2022, shipments abroad of automatic gravimetric filling machines increased by 63% to X units, rising for the fourth year in a row after three years of decline. In general, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when exports increased by 137% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, gravimetric filling machine exports skyrocketed to $X in 2022. Over the period under review, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore dominates exports structure, recording X units, which was approx. 97% of total exports in 2022. Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to gravimetric filling machine exports from Singapore stood at -3.4%. At the same time, Thailand (+9.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +9.4% from 2012-2022. From 2012 to 2022, the share of Thailand increased by +1.7 percentage points.

In value terms, the largest gravimetric filling machine supplying countries in ASEAN were Thailand ($X) and Singapore ($X).

Singapore, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, picking up by 1.7% against the previous year. In general, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 137%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.7%).

Gravimetric Filling Machine Imports

Imports in ASEAN

After two years of growth, purchases abroad of automatic gravimetric filling machines decreased by -21.9% to X units in 2022. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 176%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, gravimetric filling machine imports shrank to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.6% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 65% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia represented the largest importer of automatic gravimetric filling machines in ASEAN, with the volume of imports accounting for X units, which was near 44% of total imports in 2022. Singapore (X units) ranks second in terms of the total imports with a 22% share, followed by Thailand (13%), Myanmar (9.6%) and the Philippines (8%). Indonesia (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +56.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gravimetric filling machine importing markets in ASEAN were Indonesia ($X), Thailand ($X) and Malaysia ($X), together comprising 74% of total imports. The Philippines, Singapore and Myanmar lagged somewhat behind, together accounting for a further 9.3%.

Myanmar, with a CAGR of +26.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, rising by 17% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 242%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform