South-Eastern Asia: Metal Hammer Market 2025

Metal Hammer Market Size in South-Eastern Asia

The Southeast Asian metal hammer market rose modestly to $X in 2022, growing by 2.8% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal Hammer Production in South-Eastern Asia

In value terms, metal hammer production reached $X in 2022 estimated in export price. Over the period under review, production recorded a slight increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 146%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Metal Hammer Exports

Exports in South-Eastern Asia

In 2022, after five years of growth, there was significant decline in overseas shipments of hammers and sledge hammers with working part of metal, when their volume decreased by -13.7% to X tons. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 75% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, metal hammer exports declined rapidly to $X in 2022. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Vietnam dominates exports structure, finishing at X tons, which was near 91% of total exports in 2022. The following exporters - Singapore (X tons) and Thailand (X tons) - together made up 7.3% of total exports.

Vietnam was also the fastest-growing in terms of the hammers and sledge hammers with working part of metal exports, with a CAGR of +34.0% from 2012 to 2022. Thailand (-3.4%) and Singapore (-15.7%) illustrated a downward trend over the same period. Vietnam (+78 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Singapore saw its share reduced by -9% and -60% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest metal hammer supplier in South-Eastern Asia, comprising 90% of total exports. The second position in the ranking was taken by Thailand ($X), with a 5.2% share of total exports.

In Vietnam, metal hammer exports increased at an average annual rate of +31.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+12.5% per year) and Singapore (-18.9% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, shrinking by -2% against the previous year. Overall, the export price continues to indicate a slight decline. The pace of growth was the most pronounced in 2014 an increase of 44% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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 Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.4%), while the other leaders experienced a decline in the export price figures.

Metal Hammer Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of hammers and sledge hammers with working part of metal increased by 4.4% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, metal hammer imports expanded to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.6% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 53% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X tons) and Vietnam (X tons) represented roughly 68% of total imports in 2022. Thailand (X tons) ranks next in terms of the total imports with a 12% share, followed by Malaysia (9.2%) and Myanmar (5%). The following importers - Singapore (X tons) and the Philippines (X tons) - together made up 4.6% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +19.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest metal hammer importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Malaysia ($X), with a combined 75% share of total imports.

Vietnam, with a CAGR of +16.9%, recorded 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 ton in 2022, remaining constant against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal hammer import price increased by +12.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 72% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 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 Singapore ($X per ton), while Myanmar ($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 (+17.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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