South-Eastern Asia: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in South-Eastern Asia

The Southeast Asian driving and non-driving axle market was estimated at $X in 2021, surging by 9.1% against the previous year. In general, consumption showed a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in South-Eastern Asia

In value terms, driving and non-driving axle production expanded rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 53%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in South-Eastern Asia

In 2021, overseas shipments of drive-axles with differential and non-driving axles were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, driving and non-driving axle exports skyrocketed to $X in 2021. In general, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the main exporting country with an export of about X tons, which accounted for 63% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a 20% share, followed by the Philippines (11%). Malaysia (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to driving and non-driving axle exports from Thailand stood at +6.9%. At the same time, the Philippines (+269.6%), Indonesia (+7.3%) and Singapore (+5.0%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +269.6% from 2012-2021. By contrast, Malaysia (-4.0%) illustrated a downward trend over the same period. While the share of the Philippines (+11 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-4.7 p.p.) and Thailand (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest driving and non-driving axle supplier in South-Eastern Asia, comprising 56% of total exports. The second position in the ranking was held by Indonesia ($X), with a 24% share of total exports. It was followed by the Philippines, with a 13% share.

In Thailand, driving and non-driving axle exports expanded at an average annual rate of +6.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+5.2% per year) and the Philippines (+282.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 6.9%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Indonesia ($X per ton) and the Philippines ($X per ton), while Thailand ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in South-Eastern Asia

In 2021, overseas purchases of drive-axles with differential and non-driving axles were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, driving and non-driving axle imports soared to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

Thailand was the key importer of drive-axles with differential and non-driving axles in South-Eastern Asia, with the volume of imports recording X tons, which was approx. 46% of total imports in 2021. It was distantly followed by Indonesia (X tons), Malaysia (X tons) and Vietnam (X tons), together committing a 49% share of total imports. Singapore (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, together accounting for 87% of total imports. These countries were followed by Vietnam and Singapore, which together accounted for a further 11%.

In terms of the main importing countries, Vietnam, with a CAGR of +5.4%, recorded 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

The import price in South-Eastern Asia stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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