South-Eastern Asia: Blow-Moulding Machine Market 2024

Blow-Moulding Machine Market Size in South-Eastern Asia

The Southeast Asian blow-moulding machine market expanded markedly to $X in 2022, growing by 6.6% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Blow-Moulding Machine Production in South-Eastern Asia

In value terms, blow-moulding machine production dropped to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 55%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Blow-Moulding Machine Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of blow-moulding machines for working rubber or plastics decreased by -59.8% to X units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 3,588% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, blow-moulding machine exports contracted rapidly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 52% against the previous year. The level of export peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

In 2022, Singapore (X units) was the largest exporter of blow-moulding machines for working rubber or plastics, comprising 50% of total exports. Malaysia (X units) took the second position in the ranking, followed by Thailand (X units). All these countries together held approx. 43% share of total exports. Vietnam (X units) and Indonesia (X units) held a minor share of total exports.

Exports from Singapore decreased at an average annual rate of -19.1% from 2012 to 2022. Vietnam experienced a relatively flat trend pattern. Malaysia (-2.8%), Indonesia (-2.8%) and Thailand (-10.1%) illustrated a downward trend over the same period. While the share of Malaysia (+18 p.p.), Thailand (+8.7 p.p.), Vietnam (+2.7 p.p.) and Indonesia (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-29.2 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest blow-moulding machine supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by Malaysia ($X), with a 29% share of total exports. It was followed by Indonesia, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to +2.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+5.7% per year) and Indonesia (+4.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, with an increase of 58% against the previous year. In general, the export price showed a prominent increase. The growth pace was the most rapid in 2021 when the export price increased by 2,438% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.9%), while the other leaders experienced more modest paces of growth.

Blow-Moulding Machine Imports

Imports in South-Eastern Asia

In 2022, approx. X units of blow-moulding machines for working rubber or plastics were imported in South-Eastern Asia; increasing by 14% against the previous year. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 43% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, blow-moulding machine imports declined to $X in 2022. Overall, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 18%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X units), Indonesia (X units), Thailand (X units) and Vietnam (X units) represented the major importer of blow-moulding machines for working rubber or plastics in South-Eastern Asia, comprising 83% of total import. Malaysia (X units) took an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (4.9%). Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest blow-moulding machine importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined 74% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +5.3%, 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 South-Eastern Asia stood at $X per unit in 2022, shrinking by -25.2% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 26%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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