ASEAN: Machinery For Packing Market 2024

Machinery For Packing Market Size in ASEAN

After two years of decline, the ASEAN machinery for packing market increased by 6.6% to $X in 2022. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Machinery For Packing Production in ASEAN

In value terms, machinery for packing production reached $X in 2022 estimated in export price. Over the period under review, production showed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 67% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Machinery For Packing Exports

Exports in ASEAN

For the fourth year in a row, ASEAN recorded growth in shipments abroad of machinery for packing or wrapping, which increased by 11% to X units in 2022. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, machinery for packing exports amounted to $X in 2022. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Malaysia (X units), distantly followed by Indonesia (X units), Singapore (X units) and Thailand (X units) represented the largest exporters of machinery for packing or wrapping, together achieving 96% of total exports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +21.7%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the largest machinery for packing supplier in ASEAN, comprising 45% of total exports. The second position in the ranking was held by Indonesia ($X), with a 21% share of total exports. It was followed by Singapore, with a 21% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at +14.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+23.5% per year) and Singapore (-1.4% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, dropping by -7.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 15%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then fell in the following year.

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 Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.7%), while the other leaders experienced more modest paces of growth.

Machinery For Packing Imports

Imports in ASEAN

In 2022, the amount of machinery for packing or wrapping imported in ASEAN fell modestly to X units, remaining constant against 2021. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 17% against the previous year. The volume of import peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, machinery for packing imports stood at $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units), distantly followed by Vietnam (X units), Thailand (X units), Singapore (X units), Malaysia (X units) and the Philippines (X units) were the major importers of machinery for packing or wrapping, together creating 97% of total imports. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +28.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Thailand ($X), together comprising 70% of total imports. Singapore, Malaysia, the Philippines and Cambodia lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Cambodia, with a CAGR of +18.5%, 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, increasing by 15% against the previous year. Overall, the import price, however, continues to indicate a mild setback. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform