South-Eastern Asia: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in South-Eastern Asia

The Southeast Asian appliance part brush market contracted to $X in 2022, shrinking by -10.3% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.9% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Appliance Part Brush Production in South-Eastern Asia

In value terms, appliance part brush production declined modestly to $X in 2022 estimated in export price. Overall, production showed a mild contraction. The pace of growth appeared the most rapid in 2015 with an increase of 32%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Appliance Part Brush Exports

Exports in South-Eastern Asia

Appliance part brush exports surged to X units in 2022, growing by 37% compared with the previous year. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 154% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, appliance part brush exports skyrocketed to $X in 2022. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by 144%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X units) and Malaysia (X units) represented the largest exporters of brushes constituting parts of appliances in 2022, finishing at near 41% and 36% of total exports, respectively. Singapore (X units) held the next position in the ranking, distantly followed by Thailand (X units). All these countries together took near 23% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest appliance part brush supplying countries in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Singapore ($X), with a combined 95% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +18.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, declining by -14.7% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore ($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 (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Appliance Part Brush Imports

Imports in South-Eastern Asia

In 2022, after three years of growth, there was decline in supplies from abroad of brushes constituting parts of appliances, when their volume decreased by -2.5% to X units. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of X units, and then fell modestly in the following year.

In value terms, appliance part brush imports dropped modestly to $X in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Thailand (X units), Vietnam (X units), Malaysia (X units) and Indonesia (X units) was the major importer of brushes constituting parts of appliances in South-Eastern Asia, making up 84% of total import. Singapore (X units) took an 8.8% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (5.7%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +32.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined 69% share of total imports.

Vietnam, with a CAGR of +39.7%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.7%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+16.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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