South-Eastern Asia: Stone Polishing Machine Market 2025

Stone Polishing Machine Market Size in South-Eastern Asia

In 2022, the Southeast Asian stone polishing machine market was finally on the rise to reach $X after two years of decline. In general, consumption saw moderate growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Stone Polishing Machine Production in South-Eastern Asia

In value terms, stone polishing machine production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Stone Polishing Machine Exports

Exports in South-Eastern Asia

In 2022, exports of grinding or polishing machines for working stone, ceramics and concrete in South-Eastern Asia reduced sharply to X units, which is down by -29.9% compared with 2021 figures. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 90% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, stone polishing machine exports reduced to $X in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 53%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore dominates exports structure, reaching X units, which was near 89% of total exports in 2022. It was distantly followed by Thailand (X units), creating a 5.7% share of total exports. Vietnam (X units) held a relatively small share of total exports.

Exports from Singapore decreased at an average annual rate of -7.4% from 2012 to 2022. Vietnam (-4.3%) and Thailand (-8.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest stone polishing machine supplier in South-Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Vietnam ($X), with a 2.6% share of total exports.

In Singapore, stone polishing machine exports contracted by an average annual rate of -8.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (-2.4% per year) and Thailand (-23.9% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, surging by 22% against the previous year. Overall, the export price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 114% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.0%), while the other leaders experienced a decline in the export price figures.

Stone Polishing Machine Imports

Imports in South-Eastern Asia

In 2022, the amount of grinding or polishing machines for working stone, ceramics and concrete imported in South-Eastern Asia rose rapidly to X units, with an increase of 6.7% compared with 2021 figures. Over the period under review, imports recorded a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of 98% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, stone polishing machine imports rose sharply to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 110% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Thailand dominates imports structure, reaching X units, which was near 67% of total imports in 2022. Singapore (X units) took a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (8.9%), Indonesia (5.8%) and the Philippines (5.3%). Malaysia (X units) took a relatively small share of total imports.

Imports into Thailand increased at an average annual rate of +3.8% from 2012 to 2022. At the same time, Indonesia (+15.6%), Vietnam (+15.5%), Singapore (+6.6%) and the Philippines (+2.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +15.6% from 2012-2022. By contrast, Malaysia (-4.3%) illustrated a downward trend over the same period. Vietnam (+5.6 p.p.), Indonesia (+3.6 p.p.) and Singapore (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Thailand saw its share reduced by -3.5% and -5.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stone polishing machine importing markets in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and Malaysia ($X), together comprising 76% of total imports.

Among the main importing countries, Indonesia, with a CAGR of +15.2%, recorded 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, picking up by 2.6% against the previous year. Overall, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 101% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat 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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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