South-Eastern Asia: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in South-Eastern Asia

In 2022, after two years of growth, there was decline in the Southeast Asian market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process, when its value decreased by X% to $X. Overall, consumption, however, recorded a buoyant increase. The level of consumption peaked at $X in 2021, and then contracted slightly in the following year.

Production of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in South-Eastern Asia

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed prominent growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports in South-Eastern Asia

In 2022, overseas shipments of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process surged to $X in 2022. Over the period under review, exports enjoyed slight growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Malaysia (X units) and Indonesia (X units) represented roughly X% of total exports in 2022. Singapore (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%).

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

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in South-Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports in South-Eastern Asia

In 2022, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process in South-Eastern Asia shrank significantly to X units, waning by X% compared with 2021. Overall, imports, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process dropped to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

The countries with the highest levels of imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process in 2022 were Vietnam (X units), Indonesia (X units), Singapore (X units) and Thailand (X units), together amounting to X% of total import. The following importers - Malaysia (X units), Cambodia (X units) and the Philippines (X units) - together made up X% of total imports.

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

In value terms, Singapore ($X), Indonesia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Thailand, Malaysia, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Cambodia ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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