ASEAN: Hydraulic Press Market 2025

Hydraulic Press Market Size in ASEAN

The ASEAN hydraulic press market fell modestly to $X in 2022, therefore, remained relatively stable against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.1% against 2020 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Hydraulic Press Production in ASEAN

In value terms, hydraulic press production totaled $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 79% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Hydraulic Press Exports

Exports in ASEAN

In 2022, approx. X units of hydraulic presses for working metal were exported in ASEAN; jumping by 30% against the year before. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 234% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic press exports shrank dramatically to $X in 2022. Overall, exports, however, continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 127%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Singapore (X units) was the major exporter of hydraulic presses for working metal, mixing up 81% of total exports. It was distantly followed by Malaysia (X units), constituting a 15% share of total exports. Vietnam (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic press exports from Singapore stood at +10.2%. At the same time, Vietnam (+28.2%) and Malaysia (+7.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +28.2% from 2012-2022. While the share of Singapore (+18 p.p.) and Vietnam (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic press supplying countries in ASEAN were Malaysia ($X), Singapore ($X) and Vietnam ($X), together accounting for 99% of total exports.

Singapore, with a CAGR of +11.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, declining by -40.3% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when the export price increased by 52%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore ($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 (+0.8%), while the other leaders experienced a decline in the export price figures.

Hydraulic Press Imports

Imports in ASEAN

In 2022, hydraulic press imports in ASEAN surged to X units, with an increase of 22% on the year before. Overall, imports continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2018 when imports increased by 66% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, hydraulic press imports dropped to $X in 2022. In general, imports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 57% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) was the major importer of hydraulic presses for working metal, making up 42% of total imports. Singapore (X units) ranks second in terms of the total imports with a 15% share, followed by the Philippines (11%), Vietnam (10%), Indonesia (10%) and Malaysia (9.6%).

Imports into Thailand increased at an average annual rate of +2.8% from 2012 to 2022. At the same time, the Philippines (+24.3%), Vietnam (+20.2%), Singapore (+11.4%) and Malaysia (+2.0%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +24.3% from 2012-2022. By contrast, Indonesia (-3.8%) illustrated a downward trend over the same period. The Philippines (+9 p.p.), Vietnam (+7.8 p.p.) and Singapore (+7.1 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Thailand and Indonesia saw its share reduced by -2.9%, -8.3% and -13.3% from 2012 to 2022, respectively.

In value terms, the largest hydraulic press importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Singapore ($X), with a combined 76% share of total imports.

Vietnam, with a CAGR of +17.1%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in ASEAN amounted to $X per unit, with a decrease of -29.9% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 an increase of 32%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform