ASEAN: Market for Non-Motorised Hand-Operated Mechanical Floor Sweepers 2024

Market Size for Non-Motorised Hand-Operated Mechanical Floor Sweepers in ASEAN

The ASEAN mechanical hand floor sweeper market reached $X in 2022, surging by 2% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Production of Non-Motorised Hand-Operated Mechanical Floor Sweepers in ASEAN

In value terms, mechanical hand floor sweeper production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 27%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Exports in ASEAN

In 2022, after three years of decline, there was significant growth in shipments abroad of non-motorised hand-operated mechanical floor sweepers, when their volume increased by 22% to X units. Overall, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 83% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, mechanical hand floor sweeper exports skyrocketed to $X in 2022. In general, exports saw a measured expansion. The growth pace was the most rapid in 2017 when exports increased by 73% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Vietnam (X units), Thailand (X units) and Malaysia (X units) was the largest exporter of non-motorised hand-operated mechanical floor sweepers in ASEAN, mixing up 81% of total export. Singapore (X units) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (4.9%). Indonesia (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +126.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical hand floor sweeper supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Singapore ($X), with a combined 79% share of total exports. Malaysia, the Philippines and Indonesia lagged somewhat behind, together comprising a further 21%.

The Philippines, with a CAGR of +128.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, surging by 3.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 25%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 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 Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Imports in ASEAN

Mechanical hand floor sweeper imports soared to X units in 2022, surging by 30% compared with the previous year. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 56%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, mechanical hand floor sweeper imports expanded notably to $X in 2022. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 44% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Philippines represented the largest importing country with an import of about X units, which accounted for 51% of total imports. Thailand (X units) took the second position in the ranking, distantly followed by Indonesia (X units) and Singapore (X units). All these countries together took near 41% share of total imports. Vietnam (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mechanical hand floor sweeper imports into the Philippines stood at +18.0%. At the same time, Thailand (+21.2%), Vietnam (+10.6%), Singapore (+8.5%), Malaysia (+7.9%) and Indonesia (+4.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +21.2% from 2012-2022. The Philippines (+15 p.p.) and Thailand (+11 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Singapore and Indonesia saw its share reduced by -2%, -3.8% and -16.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mechanical hand floor sweeper importing markets in ASEAN were the Philippines ($X), Singapore ($X) and Thailand ($X), together accounting for 61% of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +21.4%, saw 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, which is down by -18.4% against the previous year. Overall, the import price saw a noticeable descent. The pace of growth was the most pronounced in 2016 when the import price increased by 14%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Singapore ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform