ASEAN: Pile-Driver Market 2024

Pile-Driver Market Size in ASEAN

The ASEAN pile-driver market stood at $X in 2021, with an increase of 9.2% against the previous year. Over the period under review, consumption saw a pronounced decrease. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Pile-Driver Production in ASEAN

In value terms, pile-driver production reached $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.2% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 54% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Pile-Driver Exports

Exports in ASEAN

In 2021, pile-driver exports in ASEAN skyrocketed to X units, jumping by 127% on 2020 figures. In general, exports showed a strong expansion. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, pile-driver exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 249% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X units) and Singapore (X units) were the main exporters of pile-drivers and pile-extractors in 2021, resulting at near 44% and 33% of total exports, respectively. Vietnam (X units) held the next position in the ranking, followed by Malaysia (X units). All these countries together held approx. 20% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +31.6%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest pile-driver supplier in ASEAN, comprising 55% of total exports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total exports. It was followed by Malaysia, with a 12% share.

In Singapore, pile-driver exports shrank by an average annual rate of -3.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+8.4% per year) and Malaysia (+19.2% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, waning by -22.1% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of 64% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.8%), while the other leaders experienced a decline in the export price figures.

Pile-Driver Imports

Imports in ASEAN

In 2021, purchases abroad of pile-drivers and pile-extractors decreased by -74.8% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, pile-driver imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Singapore (X units), Vietnam (X units) and Indonesia (X units) represented roughly 82% of total imports in 2021. Thailand (X units) held the next position in the ranking, followed by the Philippines (X units). All these countries together took approx. 15% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported pile-drivers and pile-extractors in ASEAN, comprising 59% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Indonesia (-4.5% per year) and Vietnam (+15.5% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, growing by 528% against the previous year. Over the period under review, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+40.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform