ASEAN: Safety Headgear Market 2025

Safety Headgear Market Size in ASEAN

The ASEAN safety headgear market reached $X in 2021, with an increase of 2% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Safety Headgear Production in ASEAN

In value terms, safety headgear production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 35%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Safety Headgear Exports

Exports in ASEAN

In 2021, overseas shipments of safety headgear decreased by -23.9% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 49%. Over the period under review, the exports attained the maximum at X units in 2020, and then reduced markedly in the following year.

In value terms, safety headgear exports reduced modestly to $X in 2021. Over the period under review, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 39%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X units) and Thailand (X units) represented roughly 71% of total exports in 2021. It was distantly followed by Malaysia (X units) and Indonesia (X units), together constituting a 26% share of total exports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +18.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest safety headgear supplier in ASEAN, comprising 57% of total exports. The second position in the ranking was held by Thailand ($X), with a 21% share of total exports. It was followed by Indonesia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +17.6%. In the other countries, the average annual rates were as follows: Thailand (+1.1% per year) and Indonesia (+13.0% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, jumping by 28% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Safety Headgear Imports

Imports in ASEAN

In 2021, safety headgear imports in ASEAN soared to X units, with an increase of 17% on 2020 figures. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 42% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, safety headgear imports soared to $X in 2021. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 65%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

The Philippines represented the key importing country with an import of around X units, which accounted for 61% of total imports. Singapore (X units) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (9.2%), Indonesia (6.6%), Vietnam (6.1%) and Malaysia (5%). Cambodia (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to safety headgear imports into the Philippines stood at +21.0%. At the same time, Malaysia (+29.5%), Thailand (+27.2%), Vietnam (+25.3%), Cambodia (+6.8%), Indonesia (+4.9%) and Singapore (+4.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +29.5% from 2012-2021. While the share of the Philippines (+18 p.p.), Thailand (+5.1 p.p.), Malaysia (+3.1 p.p.) and Vietnam (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Cambodia (-1.8 p.p.), Indonesia (-10.1 p.p.) and Singapore (-16.1 p.p.) displayed negative dynamics.

In value terms, the largest safety headgear importing markets in ASEAN were the Philippines ($X), Singapore ($X) and Thailand ($X), with a combined 65% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of +21.5%, 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

The import price in ASEAN stood at $X per unit in 2021, rising by 7.4% against the previous year. Overall, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by 37% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per unit), while the Philippines ($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 (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform