South-Eastern Asia: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in South-Eastern Asia

In 2022, the Southeast Asian brakes and servo-brakes market decreased by -0.1% to $X, falling for the second year in a row after four years of growth. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Brakes And Servo-Brakes Production in South-Eastern Asia

In value terms, brakes and servo-brakes production expanded slightly to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.8% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 44%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Brakes And Servo-Brakes Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of brakes and servo-brakes were exported in South-Eastern Asia; with a decrease of -8.7% compared with 2021. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, brakes and servo-brakes exports declined to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Thailand represented the largest exporter of brakes and servo-brakes in South-Eastern Asia, with the volume of exports accounting for X tons, which was near 72% of total exports in 2022. Indonesia (X tons) held the second position in the ranking, followed by Singapore (X tons) and Vietnam (X tons). All these countries together held approx. 22% share of total exports. The following exporters - Malaysia (X tons) and the Philippines (X tons) - together made up 6.1% of total exports.

Exports from Thailand increased at an average annual rate of +8.5% from 2012 to 2022. At the same time, the Philippines (+16.5%), Vietnam (+13.7%), Singapore (+3.5%) and Indonesia (+2.3%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +16.5% from 2012-2022. By contrast, Malaysia (-2.8%) illustrated a downward trend over the same period. While the share of Thailand (+9.8 p.p.), Vietnam (+2.5 p.p.) and the Philippines (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-2.5 p.p.), Indonesia (-5.7 p.p.) and Malaysia (-6.3 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest brakes and servo-brakes supplier in South-Eastern Asia, comprising 78% of total exports. The second position in the ranking was held by Singapore ($X), with a 5.7% share of total exports. It was followed by Vietnam, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled +8.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+4.9% per year) and Vietnam (+11.2% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, reducing by -1.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 17%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Brakes And Servo-Brakes Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of brakes and servo-brakes increased by 15% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, brakes and servo-brakes imports surged to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Indonesia (X tons), Thailand (X tons) and Malaysia (X tons) represented roughly 83% of total imports in 2022. It was distantly followed by Vietnam (X tons), committing a 9.6% share of total imports. Singapore (X tons) and the Philippines (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest brakes and servo-brakes importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Malaysia ($X), together accounting for 85% of total imports. Vietnam, Singapore and the Philippines lagged somewhat behind, together comprising a further 14%.

Among the main importing countries, Vietnam, with a CAGR of +14.1%, 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 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by 4.1% against the previous year. Over the period under review, the import price, however, saw a mild setback. The pace of growth appeared the most rapid in 2021 an increase of 5.1% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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