South-Eastern Asia: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in South-Eastern Asia

The Southeast Asian electric brazing machine market dropped modestly to $X in 2022, standing approx. at the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value 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, consumption decreased by -11.7% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electric Brazing Machine Production in South-Eastern Asia

In value terms, electric brazing machine production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 56,552%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Electric Brazing Machine Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of electric brazing or soldering machines and apparatus increased by 36% to X units, rising for the second year in a row after three years of decline. In general, exports showed tangible growth. The most prominent rate of growth was recorded in 2014 when exports increased by 77% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, electric brazing machine exports surged to $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 91%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore dominates exports structure, recording X units, which was near 77% of total exports in 2022. Thailand (X units) ranks second in terms of the total exports with a 7.6% share, followed by Vietnam (5.8%) and Malaysia (4.7%). The Philippines (X units) followed a long way behind the leaders.

Exports from Singapore increased at an average annual rate of +5.2% from 2012 to 2022. At the same time, Vietnam (+22.0%) and Thailand (+8.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +22.0% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, the Philippines (-5.2%) illustrated a downward trend over the same period. While the share of Singapore (+7.6 p.p.), Vietnam (+4.6 p.p.) and Thailand (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-3 p.p.) and the Philippines (-5.8 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest electric brazing machine supplier in South-Eastern Asia, comprising 74% of total exports. The second position in the ranking was held by Thailand ($X), with a 10% share of total exports. It was followed by Vietnam, with a 6.1% share.

In Singapore, electric brazing machine exports expanded at an average annual rate of +8.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+14.6% per year) and Vietnam (+24.3% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, surging by 5.1% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric brazing machine export price decreased by -5.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 62%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per unit) and Malaysia ($X per unit), while Singapore ($X per unit) and the Philippines ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+20.0%), while the other leaders experienced more modest paces of growth.

Electric Brazing Machine Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of electric brazing or soldering machines and apparatus increased by 33% to X units for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 47%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electric brazing machine imports surged to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 59%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Vietnam (X units) and Indonesia (X units) represented roughly 58% of total imports in 2022. Thailand (X units) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (10%), Singapore (8.9%) and the Philippines (7.6%). Cambodia (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 77% of total imports. Singapore, the Philippines, Indonesia and Cambodia lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Cambodia, with a CAGR of +26.5%, saw the highest growth rate of 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 unit in 2022, with a decrease of -1.7% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric brazing machine import price increased by +56.4% against 2013 indices. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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