South-Eastern Asia: Shaft Coupling Market 2024

Shaft Coupling Market Size in South-Eastern Asia

The Southeast Asian shaft coupling market declined slightly to $X in 2022, waning by -4.3% against the previous year. In general, consumption showed a pronounced setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in South-Eastern Asia

In value terms, shaft coupling production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 43%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Shaft Coupling Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of clutches and shaft couplings were exported in South-Eastern Asia; with a decrease of -2.6% compared with the previous year's figure. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +41.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, shaft coupling exports shrank to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 32%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons) and Singapore (X tons) dominates exports structure, together creating 86% of total exports. It was distantly followed by Indonesia (X tons), comprising a 7.4% share of total exports. Malaysia (X tons) and Vietnam (X tons) held a relatively small 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 Thailand (with a CAGR of +19.9%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest shaft coupling supplier in South-Eastern Asia, comprising 63% of total exports. The second position in the ranking was taken by Thailand ($X), with a 24% share of total exports. It was followed by Malaysia, with a 5% share.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled +1.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+5.0% per year) and Malaysia (-3.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by -5.4% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2019 when the export price increased by 24% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

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

Shaft Coupling Imports

Imports in South-Eastern Asia

In 2022, shaft coupling imports in South-Eastern Asia shrank modestly to X tons, waning by -2.5% compared with 2021 figures. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +8.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 20% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Thailand (X tons), Malaysia (X tons), Singapore (X tons) and Vietnam (X tons) were the key importers of clutches and shaft couplings, together creating 95% of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +12.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 65% share of total imports. Singapore, Vietnam and the Philippines lagged somewhat behind, together comprising a further 34%.

The Philippines, with a CAGR of +11.6%, recorded the highest growth rate of 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

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by -3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by 20% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+10.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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