ASEAN: Power Tool Market 2025

Power Tool Market Size in ASEAN

The ASEAN power tool market soared to $X in 2021, with an increase of 15% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Power Tool Production in ASEAN

In value terms, power tool production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 18%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Power Tool Exports

Exports in ASEAN

In 2021, power tool exports in ASEAN was estimated at X units, surging by 5.9% on 2020. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 15% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, power tool exports soared to $X in 2021. The total export value increased at an average annual rate of +6.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 26% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Malaysia dominates exports structure, resulting at X units, which was near 84% of total exports in 2021. Thailand (X units) ranks second in terms of the total exports with a 7.8% share, followed by Singapore (7.3%).

Exports from Malaysia increased at an average annual rate of +2.6% from 2012 to 2021. At the same time, Thailand (+32.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +32.8% from 2012-2021. By contrast, Singapore (-8.3%) illustrated a downward trend over the same period. While the share of Thailand (+7.1 p.p.) and Malaysia (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-11.7 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest power tool supplier in ASEAN, comprising 72% of total exports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total exports.

In Malaysia, power tool exports expanded at an average annual rate of +5.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+33.0% per year) and Singapore (+0.0% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($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 (+9.1%), while the other leaders experienced more modest paces of growth.

Power Tool Imports

Imports in ASEAN

In 2021, the amount of power tools imported in ASEAN surged to X units, increasing by 50% against 2020 figures. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, power tool imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X units) and Singapore (X units) represented roughly 55% of total imports in 2021. Malaysia (X units) ranks next in terms of the total imports with a 15% share, followed by Indonesia (9.9%), the Philippines (9.7%) and Vietnam (5.8%). Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +51.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 66% of total imports. These countries were followed by Vietnam, Singapore, the Philippines and Myanmar, which together accounted for a further 34%.

In terms of the main importing countries, Myanmar, with a CAGR of +13.2%, recorded 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

In 2021, the import price in ASEAN amounted to $X per unit, falling by -12.1% against the previous year. In general, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when the import price increased by 7.8%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform