ASEAN - Hydraulic Cylinders and Systems - Market Analysis, Forecast, Size, Trends and Insights
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View PricingASEAN: Market for Hydraulic Cylinders And Systems 2024
Market Size for Hydraulic Cylinders And Systems in ASEAN
The ASEAN hydraulic cylinder and system market surged to $X in 2022, rising by 44% against the previous year. In general, consumption recorded a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Production of Hydraulic Cylinders And Systems in ASEAN
In value terms, hydraulic cylinder and system production totaled $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.4% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 18%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.
Exports of Hydraulic Cylinders And Systems
Exports in ASEAN
In 2022, overseas shipments of hydraulic cylinders and systems increased by 37% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 91%. The volume of export peaked in 2022 and is expected to retain growth in years to come.
In value terms, hydraulic cylinder and system exports surged to $X in 2022. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 59% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
Exports by Country
Singapore was the main exporter of hydraulic cylinders and systems in ASEAN, with the volume of exports accounting for X units, which was near 57% of total exports in 2022. It was distantly followed by Indonesia (X units) and the Philippines (X units), together constituting a 37% share of total exports. The following exporters - Thailand (X units), Malaysia (X units) and Vietnam (X units) - together made up 6.2% of total exports.
From 2012 to 2022, average annual rates of growth with regard to hydraulic cylinder and system exports from Singapore stood at +21.3%. At the same time, the Philippines (+56.5%), Vietnam (+49.8%), Malaysia (+22.3%), Thailand (+5.2%) and Indonesia (+1.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +56.5% from 2012-2022. Singapore (+32 p.p.), the Philippines (+9.4 p.p.) and Vietnam (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Indonesia saw its share reduced by -2.2% and -41.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Singapore ($X) remains the largest hydraulic cylinder and system supplier in ASEAN, comprising 76% of total exports. The second position in the ranking was held by the Philippines ($X), with a 7.8% share of total exports. It was followed by Indonesia, with a 6.6% share.
From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at +21.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+44.5% per year) and Indonesia (-2.7% per year).
Export Prices by Country
In 2022, the export price in ASEAN amounted to $X per unit, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2013 an increase of 40% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Indonesia (less than $X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%), while the other leaders experienced more modest paces of growth.
Imports of Hydraulic Cylinders And Systems
Imports in ASEAN
In 2022, approx. X units of hydraulic cylinders and systems were imported in ASEAN; rising by 31% against the year before. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, hydraulic cylinder and system imports skyrocketed to $X in 2022. Overall, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
Indonesia was the largest importing country with an import of about X units, which recorded 42% of total imports. Thailand (X units) ranks second in terms of the total imports with a 21% share, followed by Singapore (20%) and Malaysia (10%). Vietnam (X units) and the Philippines (X units) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to hydraulic cylinder and system imports into Indonesia stood at +14.9%. At the same time, the Philippines (+39.7%), Malaysia (+20.3%), Singapore (+17.2%), Vietnam (+8.4%) and Thailand (+7.3%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +39.7% from 2012-2022. Singapore (+5.6 p.p.), Indonesia (+5.1 p.p.), Malaysia (+4.6 p.p.) and the Philippines (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Thailand saw its share reduced by -2.2% and -15.2% from 2012 to 2022, respectively.
In value terms, the largest hydraulic cylinder and system importing markets in ASEAN were Singapore ($X), Indonesia ($X) and Thailand ($X), together comprising 81% of total imports. Malaysia, Vietnam and the Philippines lagged somewhat behind, together comprising a further 18%.
The Philippines, with a CAGR of +22.8%, saw 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, with an increase of 8.7% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2019 when the import price increased by 30% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the Philippines ($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 (+3.0%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for hydraulic cylinder and system in ASEAN. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28121130 - Hydraulic cylinders
- Prodcom 28121630 - Hydraulic systems (power packs with actuators)
Country coverage:
- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
- Lao People's Democratic Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ASEAN, split by region and country
- Trade (exports and imports) in ASEAN
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
- Lao People's Democratic Republic
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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