ASEAN: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in ASEAN

The ASEAN cable-making machine market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Cable-Making Machine Production in ASEAN

In value terms, cable-making machine production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Cable-Making Machine Exports

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in shipments abroad of rope or cable-making machines, when their volume decreased by X% to X units. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cable-making machine exports contracted to $X in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of rope or cable-making machines, namely Singapore, represented more than two-thirds of total export.

Singapore was also the fastest-growing in terms of the rope or cable-making machines exports, with a CAGR of X% from 2012 to 2022. While the share of Singapore (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) also remains the largest cable-making machine supplier in ASEAN.

In Singapore, cable-making machine exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a slight increase. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Cable-Making Machine Imports

Imports in ASEAN

In 2022, imports of rope or cable-making machines in ASEAN surged to X units, increasing by X% against 2021. Overall, imports, however, showed a noticeable contraction. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cable-making machine imports soared to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Philippines represented the main importer of rope or cable-making machines in ASEAN, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Singapore (X units) held the second position in the ranking, distantly followed by Vietnam (X units). All these countries together took approx. X% share of total imports. Indonesia (X units), Malaysia (X units), Cambodia (X units) and Thailand (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Thailand, Malaysia, Cambodia and Singapore lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, 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

In 2022, the import price in ASEAN amounted to $X per unit, reducing by X% against the previous year. In general, the import price, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank notably in the following year.

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

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

Source: IndexBox Platform