ASEAN: Hand-Held Blow Pipe Market 2024

Hand-Held Blow Pipe Market Size in ASEAN

In 2021, the ASEAN hand-held blow pipe market increased by 11% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hand-Held Blow Pipe Production in ASEAN

In value terms, hand-held blow pipe production expanded modestly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hand-Held Blow Pipe Exports

Exports in ASEAN

Hand-held blow pipe exports soared to X units in 2021, growing by 36% on the previous year. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 216%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hand-held blow pipe exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 204% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam represented the key exporter of hand-held blow pipes for soldering, brazing or welding in ASEAN, with the volume of exports recording X units, which was near 73% of total exports in 2021. It was distantly followed by Singapore (X units), Malaysia (X units) and Indonesia (X units), together constituting a 27% share of total exports.

Vietnam was also the fastest-growing in terms of the hand-held blow pipes for soldering, brazing or welding exports, with a CAGR of +75.7% from 2012 to 2021. Malaysia experienced a relatively flat trend pattern. Indonesia (-13.2%) and Singapore (-16.0%) illustrated a downward trend over the same period. Vietnam (+72 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Singapore saw its share reduced by -17.2% and -53.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) emerged as the largest hand-held blow pipe supplier in ASEAN, comprising 74% of total exports. The second position in the ranking was held by Singapore ($X), with a 16% share of total exports. It was followed by Malaysia, with a 5.1% share.

In Vietnam, hand-held blow pipe exports expanded at an average annual rate of +88.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-16.0% per year) and Malaysia (-7.2% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, picking up by 12% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+8.2%), while the other leaders experienced mixed trends in the export price figures.

Hand-Held Blow Pipe Imports

Imports in ASEAN

In 2021, purchases abroad of hand-held blow pipes for soldering, brazing or welding increased by 21% to X units, rising for the fifth year in a row after two years of decline. Overall, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 163%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, hand-held blow pipe imports skyrocketed to $X in 2021. In general, imports continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2014 with an increase of 222% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X units) was the main importer of hand-held blow pipes for soldering, brazing or welding, achieving 69% of total imports. It was distantly followed by Malaysia (X units) and Thailand (X units), together comprising a 24% share of total imports. The following importers - Singapore (X units), Cambodia (X units) and the Philippines (X units) - each amounted to a 6.2% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to hand-held blow pipe imports into Indonesia stood at +20.4%. At the same time, Cambodia (+89.5%), Thailand (+27.4%) and Malaysia (+6.0%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +89.5% from 2012-2021. By contrast, Singapore (-4.9%) and the Philippines (-11.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Thailand and Cambodia increased by +31, +6 and +2.1 percentage points, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported hand-held blow pipes for soldering, brazing or welding in ASEAN, comprising 56% of total imports. The second position in the ranking was held by Malaysia ($X), with a 28% share of total imports. It was followed by Singapore, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia amounted to +32.8%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-1.3% per year) and Singapore (-8.3% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, with an increase of 2.3% against the previous year. Overall, the import price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2013 an increase of 47%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Philippines ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+18.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform