ASEAN: Market for Numerically Controlled Drilling Machines For Working Metal 2025

Market Size for Numerically Controlled Drilling Machines For Working Metal in ASEAN

In 2021, the ASEAN numerically controlled drilling machine market decreased by -11.3% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in ASEAN

In value terms, numerically controlled drilling machine production declined notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate notable growth. The growth pace was the most rapid in 2020 when the production volume increased by 207% against the previous year. As a result, production attained the peak level of $X, and then declined rapidly in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in ASEAN

In 2021, after two years of growth, there was significant decline in shipments abroad of numerically controlled drilling machines for working metal, when their volume decreased by -54.6% to X tons. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year. As a result, the exports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, numerically controlled drilling machine exports contracted markedly to $X in 2021. Over the period under review, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 74% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of numerically controlled drilling machines for working metal, namely Vietnam, Indonesia and Thailand, represented more than two-thirds of total export. It was distantly followed by Malaysia (X tons), generating a 5.6% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +48.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X) emerged as the largest numerically controlled drilling machine supplier in ASEAN, comprising 52% of total exports. The second position in the ranking was held by Indonesia ($X), with an 18% share of total exports. It was followed by Thailand, with a 13% share.

In Vietnam, numerically controlled drilling machine exports expanded at an average annual rate of +42.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+11.6% per year) and Thailand (-15.4% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, with a decrease of -26.5% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in ASEAN

In 2021, overseas purchases of numerically controlled drilling machines for working metal decreased by -6.7% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2014 when imports increased by 78% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports shrank to $X in 2021. In general, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 52% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam was the main importer of numerically controlled drilling machines for working metal in ASEAN, with the volume of imports accounting for X tons, which was near 42% of total imports in 2021. It was distantly followed by Malaysia (X tons), Thailand (X tons) and Indonesia (X tons), together creating a 53% share of total imports. Singapore (X tons) took a relatively small share of total imports.

Vietnam was also the fastest-growing in terms of the numerically controlled drilling machines for working metal imports, with a CAGR of +5.4% from 2012 to 2021. Malaysia (-3.5%), Singapore (-6.9%), Indonesia (-10.9%) and Thailand (-29.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, Malaysia, Indonesia and Singapore increased by +37, +14, +7.5 and +1.8 percentage points, respectively.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 84% share of total imports.

Vietnam, with a CAGR of +2.7%, 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 a decline in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, declining by -3.1% against the previous year. In general, the import price showed a perceptible downturn. The growth pace was the most rapid in 2015 when the import price increased by 17%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform