ASEAN: Non-Numerically Controlled Lathe Market 2025

Non-Numerically Controlled Lathe Market Size in ASEAN

In 2021, the ASEAN non-numerically controlled lathe market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Numerically Controlled Lathe Production in ASEAN

In value terms, non-numerically controlled lathe production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Non-Numerically Controlled Lathe Exports

Exports in ASEAN

In 2021, overseas shipments of non-numerically controlled horizontal lathes, for removing metal were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, exports recorded prominent growth. The growth pace was the most rapid in 2015 when exports increased by 350% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-numerically controlled lathe exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2019 when exports increased by 121% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X units), Singapore (X units) and the Philippines (X units) represented roughly 96% of total exports in 2021. Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +36.5%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and the Philippines ($X) constituted the countries with the highest levels of exports in 2021, with a combined 83% share of total exports.

The Philippines, with a CAGR of +29.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, dropping by -27.3% against the previous year. In general, the export price recorded a deep reduction. The growth pace was the most rapid in 2019 an increase of 210%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per unit), while Thailand ($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 (+11.7%), while the other leaders experienced a decline in the export price figures.

Non-Numerically Controlled Lathe Imports

Imports in ASEAN

In 2021, purchases abroad of non-numerically controlled horizontal lathes, for removing metal increased by 4.8% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, non-numerically controlled laimports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled lathe imports contracted modestly to $X in 2021. In general, imports, however, saw a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 33%. Over the period under review, non-numerically controlled laimports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X units) and Thailand (X units) dominates imports structure, together making up 92% of total imports. Vietnam (X units) and the Philippines (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of -1.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Thailand ($X) constitutes the largest market for imported non-numerically controlled horizontal lathes, for removing metal in ASEAN, comprising 45% of total imports. The second position in the ranking was held by Indonesia ($X), with a 16% share of total imports. It was followed by Vietnam, with a 16% share.

In Thailand, non-numerically controlled lathe imports contracted by an average annual rate of -19.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-16.5% per year) and Vietnam (-2.5% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, dropping by -8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2017 when the import price increased by 14%. Over the period under review, import prices reached the maximum at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform