South-Eastern Asia: Gear Cutting Machine Market 2025

Gear Cutting Machine Market Size in South-Eastern Asia

The Southeast Asian gear cutting machine market soared to $X in 2021, jumping by 25% against the previous year. In general, consumption, however, saw a slight contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Gear Cutting Machine Production in South-Eastern Asia

In value terms, gear cutting machine production rose sharply to $X in 2021 estimated in export price. In general, production showed a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 124%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Gear Cutting Machine Exports

Exports in South-Eastern Asia

Gear cutting machine exports declined dramatically to X units in 2021, waning by -24.1% against 2020. Overall, exports saw a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 164% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, gear cutting machine exports contracted to $X in 2021. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 24% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X units) and Singapore (X units) prevails in exports structure, together generating 78% of total exports. The Philippines (X units) took a 7.4% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (6.6%) and Vietnam (5.3%). Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +25.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X), Thailand ($X) and the Philippines ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 80% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +0.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, increasing by 25% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2017 when the export price increased by 390% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 ($X per unit), while Indonesia ($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 (+10.8%), while the other leaders experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports in South-Eastern Asia

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were imported in South-Eastern Asia; increasing by 14% against the previous year's figure. Overall, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 173%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, gear cutting machine imports reduced markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia represented the main importing country with an import of about X units, which recorded 48% of total imports. Vietnam (X units) took a 28% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (7.6%), Singapore (7.3%) and Myanmar (4.7%). Thailand (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gear cutting machine importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined 66% share of total imports. The Philippines, Singapore and Myanmar lagged somewhat behind, together comprising a further 14%.

Among the main importing countries, Myanmar, with a CAGR of +25.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, with a decrease of -47.4% against the previous year. In general, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when the import price increased by 92%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat 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 Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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