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

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

For the third year in a row, the ASEAN numerically controlled sharpening machine market recorded decline in sales value, which decreased by -1.4% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Numerically Controlled Sharpening Machines For Working Metal in ASEAN

In value terms, numerically controlled sharpening machine production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 2.7% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in ASEAN

In 2022, the amount of numerically controlled sharpening machines for working metal exported in ASEAN contracted remarkably to X units, dropping by -23.3% against the year before. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 330%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, numerically controlled sharpening machine exports reduced to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 125%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore was the major exporting country with an export of about X units, which resulted at 55% of total exports. Malaysia (X units) took the second position in the ranking, distantly followed by Thailand (X units). All these countries together took approx. 44% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to numerically controlled sharpening machine exports from Singapore stood at -11.8%. At the same time, Malaysia (+36.4%) and Thailand (+9.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +36.4% from 2012-2022. Malaysia (+26 p.p.) and Thailand (+14 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -40.2% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest numerically controlled sharpening machine supplier in ASEAN, comprising 98% of total exports. The second position in the ranking was held by Malaysia ($X), with a 1.7% share of total exports.

In Thailand, numerically controlled sharpening machine exports expanded at an average annual rate of +6.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+16.9% per year) and Singapore (-25.3% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, rising by 23% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 403%. The level of export peaked at $X per unit in 2018; however, from 2019 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 Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-2.8%), while the other leaders experienced a decline in the export price figures.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in ASEAN

In 2022, overseas purchases of numerically controlled sharpening machines for working metal were finally on the rise to reach X units after two years of decline. In general, imports, however, saw a pronounced setback. The growth pace was the most rapid in 2013 with an increase of 100%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, numerically controlled sharpening machine imports declined to $X in 2022. Over the period under review, imports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 83% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Philippines was the key importing country with an import of about X units, which finished at 52% of total imports. Singapore (X units) ranks second in terms of the total imports with a 20% share, followed by Malaysia (17%). The following importers - Indonesia (X units), Thailand (X units) and Vietnam (X units) - together made up 9% of total imports.

The Philippines was also the fastest-growing in terms of the numerically controlled sharpening machines for working metal imports, with a CAGR of +38.8% from 2012 to 2022. At the same time, Vietnam (+14.7%), Indonesia (+14.1%) and Malaysia (+14.0%) displayed positive paces of growth. By contrast, Thailand (-1.6%) and Singapore (-18.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Malaysia, Indonesia and Vietnam increased by +50, +14, +3.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest numerically controlled sharpening machine importing markets in ASEAN were Vietnam ($X), Thailand ($X) and the Philippines ($X), together comprising 84% of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +28.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, waning by -21.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 191% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then reduced remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform