South-Eastern Asia: Power Tool Market 2025

Power Tool Market Size in South-Eastern Asia

The Southeast Asian power tool market skyrocketed to $X in 2021, growing by 15% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Power Tool Production in South-Eastern Asia

In value terms, power tool production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Power Tool Exports

Exports in South-Eastern Asia

In 2021, exports of power tools in South-Eastern Asia amounted to X units, picking up by 5.9% against the previous year. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 15% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, power tool exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +6.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 26% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Malaysia dominates exports structure, finishing at X units, which was approx. 84% of total exports in 2021. Thailand (X units) ranks second in terms of the total exports with a 7.8% share, followed by Singapore (7.3%).

Exports from Malaysia increased at an average annual rate of +2.6% from 2012 to 2021. At the same time, Thailand (+32.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +32.8% from 2012-2021. By contrast, Singapore (-8.3%) illustrated a downward trend over the same period. While the share of Thailand (+7.1 p.p.) and Malaysia (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-11.7 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest power tool supplier in South-Eastern Asia, comprising 72% of total exports. The second position in the ranking was held by Thailand ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia stood at +5.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+33.0% per year) and Singapore (+0.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, surging by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.1%), while the other leaders experienced more modest paces of growth.

Power Tool Imports

Imports in South-Eastern Asia

In 2021, the amount of power tools imported in South-Eastern Asia soared to X units, jumping by 50% on 2020. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, power tool imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X units) and Singapore (X units) represented the main importers of power tools in South-Eastern Asia, together finishing at approx. 55% of total imports. Malaysia (X units) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (9.9%), the Philippines (9.7%) and Vietnam (5.8%). Myanmar (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +51.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. These countries were followed by Vietnam, Singapore, the Philippines and Myanmar, which together accounted for a further 34%.

Myanmar, with a CAGR of +13.2%, 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

The import price in South-Eastern Asia stood at $X per unit in 2021, dropping by -12.1% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 7.8% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Indonesia ($X per unit), while Myanmar ($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 (+10.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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