South-Eastern Asia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in South-Eastern Asia

The Southeast Asian wood drilling machine market soared to $X in 2021, with an increase of 20% against the previous year. In general, consumption posted resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Wood Drilling Machine Production in South-Eastern Asia

In value terms, wood drilling machine production dropped sharply to $X in 2021 estimated in export price. Overall, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 1,706% against the previous year. The level of production peaked at $X in 2020, and then shrank significantly in the following year.

Wood Drilling Machine Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of drilling or morticing machines increased by 580% to X units, rising for the second year in a row after three years of decline. In general, exports continue to indicate a prominent increase. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, wood drilling machine exports rose rapidly to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore dominates exports structure, finishing at X units, which was approx. 88% of total exports in 2021. Thailand (X units) held the second position in the ranking, followed by Malaysia (X units). All these countries together held near 10% share of total exports.

Singapore was also the fastest-growing in terms of the drilling or morticing machines exports, with a CAGR of +17.2% from 2012 to 2021. Thailand (-4.4%) and Malaysia (-6.4%) illustrated a downward trend over the same period. While the share of Singapore (+34 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-15.6 p.p.) and Malaysia (-17.9 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) emerged as the largest wood drilling machine supplier in South-Eastern Asia, comprising 66% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia amounted to -12.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-9.6% per year) and Singapore (-24.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, waning by -83.1% against the previous year. Overall, the export price faced a sharp setback. The most prominent rate of growth was recorded in 2015 when the export price increased by 398%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Thailand (-5.5%), while the other leaders experienced a decline in the export price figures.

Wood Drilling Machine Imports

Imports in South-Eastern Asia

In 2021, approx. X units of drilling or morticing machines were imported in South-Eastern Asia; increasing by 121% compared with the previous year. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 170% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, wood drilling machine imports skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 62%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Thailand (X units) represented the major importer of drilling or morticing machines, comprising 45% of total imports. The Philippines (X units) ranks second in terms of the total imports with a 22% share, followed by Singapore (22%). Malaysia (X units), Vietnam (X units) and Indonesia (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wood drilling machine imports into Thailand stood at +19.0%. At the same time, the Philippines (+55.1%), Singapore (+15.5%), Indonesia (+8.9%) and Vietnam (+1.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +55.1% from 2012-2021. By contrast, Malaysia (-1.4%) illustrated a downward trend over the same period. While the share of the Philippines (+21 p.p.) and Thailand (+7.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-2.1 p.p.), Indonesia (-2.3 p.p.), Vietnam (-8.5 p.p.) and Malaysia (-13.7 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Thailand ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2021, with a combined 76% share of total imports.

The Philippines, with a CAGR of +24.0%, recorded the highest growth rate of the value of imports, in terms of 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 2021, the import price in South-Eastern Asia amounted to $X per unit, dropping by -40.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 65%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 Vietnam (+5.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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