ASEAN: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2025

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in ASEAN

The ASEAN non-numerically controlled sharpening machine market rose to $X in 2022, growing by 2% against the previous year. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in ASEAN

In value terms, non-numerically controlled sharpening machine production rose to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible increase. The growth pace was the most rapid in 2018 with an increase of 107% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in ASEAN

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were exported in ASEAN; picking up by 314% compared with the previous year. In general, exports showed a relatively flat trend pattern. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a mild downturn. The pace of growth was the most pronounced in 2016 when exports increased by 277%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore was the major exporting country with an export of around X units, which finished at 80% of total exports. It was distantly followed by Thailand (X units), generating a 17% share of total exports.

Singapore was also the fastest-growing in terms of the non-numerically controlled sharpening machines for working metal exports, with a CAGR of +16.6% from 2012 to 2022. Thailand (-13.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore increased by +62 percentage points.

In value terms, Singapore ($X) remains the largest non-numerically controlled sharpening machine supplier in ASEAN, comprising 58% of total exports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total exports.

In Singapore, non-numerically controlled sharpening machine exports expanded at an average annual rate of +15.9% over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, waning by -36.4% against the previous year. Overall, the export price showed a slight slump. The most prominent rate of growth was recorded in 2018 when the export price increased by 74% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 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 Thailand ($X per unit), while Singapore totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.0%).

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in ASEAN

In 2022, supplies from abroad of non-numerically controlled sharpening machines for working metal was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 29%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports dropped markedly to $X in 2022. Overall, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 50%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units) was the main importer of non-numerically controlled sharpening machines for working metal, creating 36% of total imports. It was distantly followed by Thailand (X units), Singapore (X units) and Vietnam (X units), together constituting a 51% share of total imports. The Philippines (X units), Myanmar (X units) and Malaysia (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +32.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported non-numerically controlled sharpening machines for working metal in ASEAN, comprising 55% of total imports. The second position in the ranking was held by Thailand ($X), with a 12% share of total imports. It was followed by Malaysia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at +10.4%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-15.4% per year) and Malaysia (-3.0% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, waning by -35.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 44%. Over the period under review, import prices hit record highs at $X per unit in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform