South-Eastern Asia: Concrete Pump Market 2024

Concrete Pump Market Size in South-Eastern Asia

The Southeast Asian concrete pump market expanded slightly to $X in 2021, with an increase of 2.1% against the previous year. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.9% against 2018 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Concrete Pump Production in South-Eastern Asia

In value terms, concrete pump production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 22%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Concrete Pump Exports

Exports in South-Eastern Asia

In 2021, concrete pump exports in South-Eastern Asia fell remarkably to X units, with a decrease of -77.2% on the previous year. Over the period under review, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2014 with an increase of 102%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, concrete pump exports reduced dramatically to $X in 2021. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 121%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore prevails in exports structure, amounting to X units, which was near 77% of total exports in 2021. Myanmar (X units) held a 7.7% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (4.7%). Vietnam (X units), Thailand (X units) and Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to concrete pump exports from Singapore stood at -36.4%. At the same time, Myanmar (+23.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +23.1% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-4.4%), Indonesia (-7.4%) and Vietnam (-13.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Myanmar, Malaysia, Vietnam, Thailand and Indonesia increased by +7.7, +4.6, +3.8, +2.9 and +2.3 percentage points, respectively.

In value terms, Singapore ($X) remains the largest concrete pump supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by Malaysia ($X), with a 10% share of total exports. It was followed by Myanmar, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value in Singapore stood at -17.4%. In the other countries, the average annual rates were as follows: Malaysia (-11.3% per year) and Myanmar (+40.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, picking up by 53% against the previous year. In general, the export price showed significant growth. The growth pace was the most rapid in 2013 an increase of 98% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+29.7%), while the other leaders experienced more modest paces of growth.

Concrete Pump Imports

Imports in South-Eastern Asia

In 2021, the amount of concrete pumps imported in South-Eastern Asia dropped notably to X units, shrinking by -16.8% compared with 2020 figures. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by 44%. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, concrete pump imports contracted to $X in 2021. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 90%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X units) was the key importer of concrete pumps, mixing up 66% of total imports. It was distantly followed by the Philippines (X units), making up a 22% share of total imports. Thailand (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to concrete pump imports into Singapore stood at -14.1%. At the same time, the Philippines (+8.5%) and Thailand (+3.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +8.5% from 2012-2021. By contrast, Malaysia (-22.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines and Thailand increased by +18 and +3.1 percentage points, respectively.

In value terms, the largest concrete pump importing markets in South-Eastern Asia were the Philippines ($X), Thailand ($X) and Malaysia ($X), together accounting for 57% of total imports.

Among the main importing countries, the Philippines, with a CAGR of +4.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline 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 14% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concrete pump import price decreased by -30.9% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 53%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+19.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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