ASEAN: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in ASEAN

The ASEAN pneumatic linear acting actuator market reduced to $X in 2022, with a decrease of -5.3% against the previous year. Overall, consumption continues to indicate a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in ASEAN

In value terms, pneumatic linear acting actuator production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 55% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in ASEAN

In 2022, approx. X units of pneumatic linear acting actuators were exported in ASEAN; jumping by 51% on 2021 figures. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 60%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 61% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Singapore represented the key exporting country with an export of about X units, which accounted for 81% of total exports. Thailand (X units) held the second position in the ranking, followed by Malaysia (X units). All these countries together took near 16% share of total exports.

Exports from Singapore increased at an average annual rate of +8.3% from 2012 to 2022. At the same time, Malaysia (+31.9%) and Thailand (+9.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +31.9% from 2012-2022. From 2012 to 2022, the share of Malaysia increased by +5.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest pneumatic linear acting actuator supplier in ASEAN, comprising 80% of total exports. The second position in the ranking was taken by Thailand ($X), with an 8.6% share of total exports.

In Singapore, pneumatic linear acting actuator exports increased at an average annual rate of +9.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+8.8% per year) and Malaysia (+34.6% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, rising by 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2016 an increase of 4.3% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pneumatic Linear Acting Actuators

Imports in ASEAN

Pneumatic linear acting actuator imports shrank slightly to X units in 2022, approximately equating 2021. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 39%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pneumatic linear acting actuator imports rose slightly to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X units), Singapore (X units), Malaysia (X units), Indonesia (X units) and Thailand (X units) represented roughly 96% of total imports in 2022. The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator importing markets in ASEAN were Singapore ($X), Thailand ($X) and Vietnam ($X), together comprising 67% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +23.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, with an increase of 3.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 18% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform