ASEAN: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in ASEAN

In 2021, after two years of growth, there was decline in the ASEAN filling containers machinery market, when its value decreased by -2% to $X. In general, consumption, however, showed a temperate expansion. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Filling Containers Machinery Production in ASEAN

In value terms, filling containers machinery production rose modestly to $X in 2021 estimated in export price. Overall, production posted a temperate increase. The growth pace was the most rapid in 2017 with an increase of 150%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Filling Containers Machinery Exports

Exports in ASEAN

In 2021, overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers increased by 14% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 71%. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, filling containers machinery exports contracted to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 46%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Indonesia was the key exporter of machinery for filling, closing, sealing, capsuling or labelling containers in ASEAN, with the volume of exports resulting at X units, which was near 35% of total exports in 2021. Vietnam (X units) held a 19% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (18%), Thailand (18%) and Singapore (8.9%).

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +28.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest filling containers machinery supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and Thailand ($X), together accounting for 80% of total exports. These countries were followed by Vietnam and Indonesia, which together accounted for a further 19%.

Among the main exporting countries, Vietnam, with a CAGR of +23.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, declining by -25.3% against the previous year. Overall, the export price, however, continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2018 an increase of 43% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 Malaysia (+12.5%), while the other leaders experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports in ASEAN

In 2021, overseas purchases of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -10.6% to X units for the first time since 2017, thus ending a three-year rising trend. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 21%. The volume of import peaked at X units in 2020, and then contracted in the following year.

In value terms, filling containers machinery imports dropped slightly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 8.8% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia represented the key importing country with an import of around X units, which recorded 42% of total imports. Thailand (X units) ranks second in terms of the total imports with a 27% share, followed by Vietnam (12%), Malaysia (6%) and Singapore (5.8%). Cambodia (X units) and Myanmar (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +55.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest filling containers machinery importing markets in ASEAN were Thailand ($X), Indonesia ($X) and Vietnam ($X), with a combined 63% share of total imports. Malaysia, Singapore, Cambodia and Myanmar lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Myanmar, with a CAGR of +44.5%, 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

In 2021, the import price in ASEAN amounted to $X per unit, picking up by 8.2% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the import price increased by 15%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform