ASEAN: Levels Market 2024

Levels Market Size in ASEAN

The ASEAN levels market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption posted a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Levels Production in ASEAN

In value terms, levels production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Levels Exports

Exports in ASEAN

In 2022, shipments abroad of levels decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then declined sharply in the following year.

In value terms, levels exports contracted markedly to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Thailand prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X units), making up a X% share of total exports. Malaysia (X units) followed a long way behind the leaders.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The export price in ASEAN stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price recorded strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Levels Imports

Imports in ASEAN

For the third consecutive year, ASEAN recorded growth in purchases abroad of levels, which increased by X% to X units in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, levels imports declined to $X in 2022. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Vietnam represented the main importing country with an import of about X units, which accounted for X% of total imports. Thailand (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%). Malaysia (X units) and Myanmar (X units) held a little share of total imports.

Vietnam was also the fastest-growing in terms of the levels imports, with a CAGR of X% from 2012 to 2022. At the same time, Myanmar (X%), Singapore (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. While the share of Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.), Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Vietnam ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in ASEAN amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a deep setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 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 Singapore ($X per unit), while Vietnam ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform