ASEAN: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2025

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in ASEAN

In 2022, the ASEAN market for machine-tools for working stone, ceramics, and concrete was finally on the rise to reach $X after two years of decline. The total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.5% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in ASEAN

In value terms, machine tools for working stone production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 173% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports in ASEAN

In 2022, the amount of machine-tools for working stone, ceramics, and concrete exported in ASEAN surged to X units, picking up by 72% on the previous year. In general, exports continue to indicate a mild increase. The growth pace was the most rapid in 2017 when exports increased by 117% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine tools for working stone exports dropped slightly to $X in 2022. Over the period under review, exports, however, showed a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of 173%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X units) was the main exporter of machine-tools for working stone, ceramics, and concrete, achieving 70% of total exports. Vietnam (X units) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (10%).

Exports from Singapore increased at an average annual rate of +6.4% from 2012 to 2022. At the same time, Vietnam (+23.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +23.1% from 2012-2022. By contrast, Malaysia (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore and Vietnam increased by +28 and +15 percentage points, respectively.

In value terms, Vietnam ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, together comprising 86% of total exports.

Vietnam, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, with a decrease of -44.2% against the previous year. Over the period under review, the export price showed a noticeable slump. The pace of growth was the most pronounced in 2017 an increase of 26%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%), while the other leaders experienced a decline in the export price figures.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports in ASEAN

After two years of decline, supplies from abroad of machine-tools for working stone, ceramics, and concrete increased by 63% to X units in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, machine tools for working stone imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 82%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X units) was the major importer of machine-tools for working stone, ceramics, and concrete, committing 53% of total imports. It was distantly followed by Indonesia (X units), Malaysia (X units), Singapore (X units), Thailand (X units) and Cambodia (X units), together constituting a 43% share of total imports. The Philippines (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to machine tools for working stone imports into Vietnam stood at +10.1%. At the same time, Cambodia (+26.3%) and the Philippines (+1.3%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +26.3% from 2012-2022. Singapore and Malaysia experienced a relatively flat trend pattern. By contrast, Thailand (-8.2%) and Indonesia (-12.5%) illustrated a downward trend over the same period. While the share of Vietnam (+35 p.p.) and Cambodia (+5.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (-7.6 p.p.) and Indonesia (-34.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported machine-tools for working stone, ceramics, and concrete in ASEAN, comprising 48% of total imports. The second position in the ranking was taken by Singapore ($X), with a 14% share of total imports. It was followed by Thailand, with a 13% share.

In Vietnam, machine tools for working stone imports expanded at an average annual rate of +6.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (+1.9% per year) and Thailand (-5.8% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, dropping by -1.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 26%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Cambodia ($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 (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform