ASEAN: Manostat Market 2025

Manostat Market Size in ASEAN

The ASEAN manostat market amounted to $X in 2022, growing by 4.9% against the previous year. Overall, consumption, however, showed a noticeable shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Manostat Production in ASEAN

In value terms, manostat production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Manostat Exports

Exports in ASEAN

In 2022, approx. X units of manostats were exported in ASEAN; increasing by 15% compared with the previous year. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +151.3% against 2014 indices. The pace of growth was the most pronounced in 2015 with an increase of 34% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, manostat exports reduced sharply to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 52% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore dominates exports structure, accounting for X units, which was near 93% of total exports in 2022. The following exporters - Thailand (X units), Vietnam (X units) and Malaysia (X units) - together made up 7% of total exports.

Exports from Singapore increased at an average annual rate of +4.8% from 2012 to 2022. At the same time, Vietnam (+51.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +51.9% from 2012-2022. By contrast, Thailand (-8.4%) and Malaysia (-18.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore and Vietnam increased by +20 and +2.3 percentage points, respectively.

In value terms, Singapore ($X) remains the largest manostat supplier in ASEAN, comprising 84% of total exports. The second position in the ranking was taken by Thailand ($X), with an 8.2% share of total exports. It was followed by Malaysia, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at +5.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-13.9% per year) and Malaysia (-6.2% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, falling by -32.2% against the previous year. In general, the export price recorded a noticeable descent. The pace of growth was the most pronounced in 2014 when the export price increased by 44%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore ($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 (+15.7%), while the other leaders experienced mixed trends in the export price figures.

Manostat Imports

Imports in ASEAN

In 2022, the amount of manostats imported in ASEAN amounted to X units, picking up by 5.4% compared with 2021. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 62%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, manostat imports contracted to $X in 2022. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Singapore (X units) and Malaysia (X units) dominates imports structure, together creating 85% of total imports. It was distantly followed by Indonesia (X units), making up a 9.4% share of total imports. The following importers - Vietnam (X units) and the Philippines (X units) - each reached a 5.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +11.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest manostat importing markets in ASEAN were Singapore ($X), Malaysia ($X) and Indonesia ($X), with a combined 47% share of total imports.

Singapore, with a CAGR of +6.6%, recorded the highest rates of growth with regard to 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

In 2022, the import price in ASEAN amounted to $X per unit, dropping by -15.8% against the previous year. In general, the import price, however, continues to indicate a measured increase. The growth pace was the most rapid in 2015 an increase of 38% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform