ASEAN: Market for Vacuum Cleaners With Motor 2025

Market Size for Vacuum Cleaners With Motor in ASEAN

The ASEAN vacuum cleaner with motor market reduced markedly to $X in 2021, shrinking by -18.7% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Production of Vacuum Cleaners With Motor in ASEAN

In value terms, vacuum cleaner with motor production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 34%. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Vacuum Cleaners With Motor

Exports in ASEAN

In 2021, the amount of vacuum cleaners with motor exported in ASEAN soared to X tons, surging by 16% on 2020 figures. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.2% against 2016 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 20% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, vacuum cleaner with motor exports skyrocketed to $X in 2021. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 26% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Malaysia (X tons) and Vietnam (X tons) prevails in exports structure, together mixing up 93% of total exports. Indonesia (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia (with a CAGR of +93.0%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Vietnam ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 96% share of total exports. These countries were followed by Indonesia, which accounted for a further 1.7%.

Indonesia, with a CAGR of +101.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, increasing by 3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2017 when the export price increased by 32%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.8%), while the other leaders experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports in ASEAN

In 2021, supplies from abroad of vacuum cleaners with motor was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports skyrocketed to $X in 2021. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 66%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Singapore (X tons), distantly followed by Indonesia (X tons), Thailand (X tons), Vietnam (X tons), Malaysia (X tons) and the Philippines (X tons) were the largest importers of vacuum cleaners with motor, together committing 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +17.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 72% of total imports. These countries were followed by Vietnam, Malaysia and the Philippines, which together accounted for a further 27%.

In terms of the main importing countries, Vietnam, with a CAGR of +20.6%, 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 ton, growing by 5.1% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor import price increased by +70.6% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 22%. Over the period under review, import prices attained the maximum in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform