South-Eastern Asia: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in South-Eastern Asia

In 2021, the Southeast Asian metal broaching machine market decreased by -3.1% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a noticeable descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Broaching Machine Production in South-Eastern Asia

In value terms, metal broaching machine production totaled $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 0.9% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Metal Broaching Machine Exports

Exports in South-Eastern Asia

After two years of decline, shipments abroad of broaching machines for working metal increased by 39% to X units in 2021. In general, exports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2017 when exports increased by 164% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, metal broaching machine exports soared to $X in 2021. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 223% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore represented the largest exporting country with an export of around X units, which resulted at 56% of total exports. It was distantly followed by Thailand (X units) and Malaysia (X units), together making up a 40% share of total exports. Indonesia (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +13.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest metal broaching machine supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), with a combined 98% share of total exports.

Malaysia, with a CAGR of +49.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, growing by 78% against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2019 when the export price increased by 300% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+32.0%), while the other leaders experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports in South-Eastern Asia

Metal broaching machine imports declined sharply to X units in 2021, waning by -74.6% compared with 2020 figures. In general, imports saw a precipitous decline. The pace of growth appeared the most rapid in 2019 with an increase of 161%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports declined dramatically to $X in 2021. Over the period under review, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 29% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia prevails in imports structure, amounting to X units, which was near 72% of total imports in 2021. Vietnam (X units) took the second position in the ranking, followed by Singapore (X units) and Thailand (X units). All these countries together held approx. 22% share of total imports. Malaysia (X units) and Cambodia (X units) held a minor share of total imports.

Imports into Indonesia decreased at an average annual rate of -25.5% from 2012 to 2021. At the same time, Malaysia (+12.7%) and Vietnam (+5.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +12.7% from 2012-2021. By contrast, Cambodia (-3.8%), Singapore (-18.7%) and Thailand (-35.0%) illustrated a downward trend over the same period. Vietnam (+7.3 p.p.), Malaysia (+4.1 p.p.) and Singapore (+4 p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by -17.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal broaching machine importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Thailand ($X), together accounting for 83% of total imports. Malaysia, Cambodia and Singapore lagged somewhat behind, together accounting for a further 13%.

Malaysia, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, picking up by 128% against the previous year. In general, the import price saw strong growth. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :