South-Eastern Asia: Machinery Electrical Parts Market 2025

Machinery Electrical Parts Market Size in South-Eastern Asia

The Southeast Asian machinery electrical parts market reduced slightly to $X in 2022, dropping by -4.4% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Machinery Electrical Parts Production in South-Eastern Asia

In value terms, machinery electrical parts production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible contraction. The growth pace was the most rapid in 2019 when the production volume increased by 62%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Machinery Electrical Parts Exports

Exports in South-Eastern Asia

Machinery electrical parts exports declined rapidly to X tons in 2022, which is down by -30.2% against 2021 figures. Overall, exports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2018 with an increase of 46%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, machinery electrical parts exports fell significantly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) and Malaysia (X tons) were the main exporters of electrical parts of machinery or apparatus in 2022, accounting for approx. 41% and 35% of total exports, respectively. Singapore (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (8.3%) and the Philippines (5.6%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +28.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery electrical parts supplying countries in South-Eastern Asia were Vietnam ($X), Singapore ($X) and Malaysia ($X), with a combined 90% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +21.2%, recorded the highest growth rate of the value of exports, 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 ton, waning by -25.4% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-0.4%), while the other leaders experienced a decline in the export price figures.

Machinery Electrical Parts Imports

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in overseas purchases of electrical parts of machinery or apparatus, which increased by 19% to X tons in 2022. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 930%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, machinery electrical parts imports reached $X in 2022. Overall, imports showed notable growth. The most prominent rate of growth was recorded in 2017 when imports increased by 1,353% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) was the main importer of electrical parts of machinery or apparatus, constituting 68% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a 13% share, followed by Malaysia (9.5%) and Singapore (6.7%). Indonesia (X tons) held a little share of total imports.

Thailand was also the fastest-growing in terms of the electrical parts of machinery or apparatus imports, with a CAGR of +52.7% from 2012 to 2022. At the same time, Vietnam (+21.4%) and Malaysia (+19.6%) displayed positive paces of growth. By contrast, Singapore (-3.6%) and Indonesia (-9.3%) illustrated a downward trend over the same period. Thailand (+63 p.p.), Vietnam (+3.9 p.p.) and Malaysia (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Singapore saw its share reduced by -26.2% and -40.2% from 2012 to 2022, respectively.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, with a combined 80% share of total imports.

Thailand, with a CAGR of +14.9%, saw the highest rates of growth with regard to 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 2022, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -15.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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