ASEAN: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in ASEAN

In 2021, after two years of growth, there was significant decline in the ASEAN machine-tool for removing material market, when its value decreased by -7.1% to $X. Overall, consumption, however, saw buoyant growth. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Production of Machine-Tools For Working Any Material By Removal Of Material in ASEAN

In value terms, machine-tool for removing material production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 241%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in ASEAN

In 2021, the amount of machine-tools for working any material by removal of material exported in ASEAN skyrocketed to X units, picking up by 25% against 2020. Over the period under review, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 44% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for removing material exports skyrocketed to $X in 2021. Total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 64%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore prevails in exports structure, recording X units, which was approx. 94% of total exports in 2021. Thailand (X units) took a relatively small share of total exports.

Singapore was also the fastest-growing in terms of the machine-tools for working any material by removal of material exports, with a CAGR of +7.7% from 2012 to 2021. Thailand (-12.4%) illustrated a downward trend over the same period. While the share of Singapore (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-15.2 p.p.) displayed negative dynamics.

In value terms, the largest machine-tool for removing material supplying countries in ASEAN were Singapore ($X) and Thailand ($X).

In terms of the main exporting countries, Thailand, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, growing by 16% against the previous year. Overall, the export price, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2014 an increase of 21%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+21.2%).

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in ASEAN

In 2021, overseas purchases of machine-tools for working any material by removal of material increased by 11% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, imports posted a slight increase. The pace of growth was the most pronounced in 2020 with an increase of 66% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, machine-tool for removing material imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 54%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

The Philippines was the key importer of machine-tools for working any material by removal of material in ASEAN, with the volume of imports reaching X units, which was approx. 42% of total imports in 2021. Singapore (X units) held the second position in the ranking, distantly followed by Thailand (X units), Vietnam (X units) and Malaysia (X units). All these countries together held near 55% share of total imports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +55.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for removing material importing markets in ASEAN were Vietnam ($X), the Philippines ($X) and Thailand ($X), together accounting for 74% of total imports.

The Philippines, with a CAGR of +46.6%, recorded the highest growth rate of 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 2021, increasing by 35% against the previous year. In general, the import price showed a notable expansion. The pace of growth was the most pronounced in 2017 an increase of 70%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices failed to regain momentum.

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 Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform