South-Eastern Asia: Market for Gearboxes and Speed Changers 2025

Market Size for Gearboxes and Speed Changers in South-Eastern Asia

In 2022, the Southeast Asian gearboxes and speed changers market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Gearboxes and Speed Changers in South-Eastern Asia

In value terms, gearboxes and speed changers production contracted to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Gearboxes and Speed Changers

Exports in South-Eastern Asia

In 2022, shipments abroad of gearboxes and speed changers increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports reached $X in 2022. Total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of gearboxes and speed changers, namely Singapore, Thailand, Indonesia and Vietnam, represented more than two-thirds of total export. It was distantly followed by the Philippines (X tons) and Malaysia (X tons), together committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gearboxes and Speed Changers

Imports in South-Eastern Asia

In 2022, supplies from abroad of gearboxes and speed changers increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gearboxes and speed changers imports expanded remarkably to $X in 2022. In general, imports, however, continue to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia represented the key importing country with an import of around X tons, which recorded X% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%) and Thailand (X%). Singapore (X tons) and the Philippines (X tons) held a minor share of total imports.

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

In value terms, the largest gearboxes and speed changers importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Singapore ($X), with a combined X% share of total imports. Thailand, Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, 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 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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