ASEAN: Laser Market 2025

Laser Market Size in ASEAN

In 2021, the ASEAN laser market decreased by -14.9% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, saw significant growth. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Laser Production in ASEAN

In value terms, laser production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 309%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Laser Exports

Exports in ASEAN

In 2021, shipments abroad of lasers, other than laser diodes increased by 20% to X units, rising for the fifth consecutive year after two years of decline. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 67% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, laser exports surged to $X in 2021. Over the period under review, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore dominates exports structure, amounting to X units, which was near 92% of total exports in 2021. Vietnam (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to laser exports from Singapore stood at +30.3%. At the same time, Vietnam (+47.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +47.9% from 2012-2021. By contrast, Malaysia (-13.8%) illustrated a downward trend over the same period. While the share of Singapore (+47 p.p.) and Vietnam (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-47.5 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest laser supplier in ASEAN, comprising 76% of total exports. The second position in the ranking was held by Malaysia ($X), with a 5.8% share of total exports.

In Singapore, laser exports expanded at an average annual rate of +22.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+1.3% per year) and Vietnam (+52.4% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, rising by 13% against the previous year. Overall, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 when the export price increased by 29%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+17.4%), while the other leaders experienced mixed trends in the export price figures.

Laser Imports

Imports in ASEAN

In 2021, approx. X units of lasers, other than laser diodes were imported in ASEAN; which is down by -5.6% on the previous year's figure. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 103%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, laser imports totaled $X in 2021. Over the period under review, imports, however, showed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 124%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Indonesia (X units), Malaysia (X units), Vietnam (X units) and Singapore (X units) represented the major importer of lasers, other than laser diodes in ASEAN, constituting 98% of total import.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +50.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, with a combined 86% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +46.5%, saw the highest rates of growth with regard to the value of imports, 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 2021, increasing by 7% against the previous year. Import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, laser import price increased by +26.2% against 2017 indices. The growth pace was the most rapid in 2016 when the import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform