ASEAN: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in ASEAN

The ASEAN milling industry machinery market contracted significantly to $X in 2022, reducing by X% against the previous year. In general, consumption, however, continues to indicate a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Milling Industry Machinery Production in ASEAN

In value terms, milling industry machinery production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Milling Industry Machinery Exports

Exports in ASEAN

In 2022, the amount of milling industry machinery exported in ASEAN dropped dramatically to X units, with a decrease of X% on the previous year's figure. Over the period under review, exports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, milling industry machinery exports rose markedly to $X in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Malaysia (X units) and Thailand (X units) represented the main exporters of milling industry machinery in ASEAN, together reaching near X% of total exports. It was distantly followed by Singapore (X units), creating a X% share 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 main exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X) remains the largest milling industry machinery supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

In Thailand, milling industry machinery exports plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 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 ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Milling Industry Machinery Imports

Imports in ASEAN

In 2022, overseas purchases of milling industry machinery increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports posted strong growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, milling industry machinery imports declined dramatically to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X units) and the Philippines (X units) were the key importers of milling industry machinery in ASEAN, together making up X% of total imports. It was distantly followed by Indonesia (X units), committing a X% share of total imports. Singapore (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported milling industry machinery in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Myanmar, with an X% share.

In Indonesia, milling industry machinery imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Myanmar (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Myanmar ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform