South-Eastern Asia: Hand-Held Blow Pipe Market 2024

Hand-Held Blow Pipe Market Size in South-Eastern Asia

The Southeast Asian hand-held blow pipe market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, showed a pronounced setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hand-Held Blow Pipe Production in South-Eastern Asia

In value terms, hand-held blow pipe production rose to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hand-Held Blow Pipe Exports

Exports in South-Eastern Asia

In 2021, approx. X units of hand-held blow pipes for soldering, brazing or welding were exported in South-Eastern Asia; jumping by 36% compared with 2020 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 216% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, hand-held blow pipe exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 204%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam was the largest exporter of hand-held blow pipes for soldering, brazing or welding in South-Eastern Asia, with the volume of exports reaching X units, which was near 73% of total exports in 2021. Singapore (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (8.3%) and Indonesia (6%).

Vietnam was also the fastest-growing in terms of the hand-held blow pipes for soldering, brazing or welding exports, with a CAGR of +75.7% from 2012 to 2021. Malaysia experienced a relatively flat trend pattern. Indonesia (-13.2%) and Singapore (-16.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam increased by +72 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) emerged as the largest hand-held blow pipe supplier in South-Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total exports. It was followed by Malaysia, with a 5.1% share.

In Vietnam, hand-held blow pipe exports increased at an average annual rate of +88.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-16.0% per year) and Malaysia (-7.2% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, increasing by 12% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+8.2%), while the other leaders experienced mixed trends in the export price figures.

Hand-Held Blow Pipe Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of hand-held blow pipes for soldering, brazing or welding increased by 21% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 163%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, hand-held blow pipe imports surged to $X in 2021. Overall, imports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2014 when imports increased by 222%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Indonesia was the main importer of hand-held blow pipes for soldering, brazing or welding in South-Eastern Asia, with the volume of imports resulting at X units, which was approx. 69% of total imports in 2021. Malaysia (X units) ranks second in terms of the total imports with a 15% share, followed by Thailand (8.9%). The following importers - Singapore (X units), Cambodia (X units) and the Philippines (X units) - each reached a 6.2% share of total imports.

Imports into Indonesia increased at an average annual rate of +20.4% from 2012 to 2021. At the same time, Cambodia (+89.5%), Thailand (+27.4%) and Malaysia (+6.0%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +89.5% from 2012-2021. By contrast, Singapore (-4.9%) and the Philippines (-11.2%) illustrated a downward trend over the same period. Indonesia (+31 p.p.), Thailand (+6 p.p.) and Cambodia (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Malaysia and the Philippines saw its share reduced by -7.8%, -10.7% and -14.1% from 2012 to 2021, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported hand-held blow pipes for soldering, brazing or welding in South-Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by Malaysia ($X), with a 28% share of total imports. It was followed by Singapore, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia totaled +32.8%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-1.3% per year) and Singapore (-8.3% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, surging by 2.3% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when the import price increased by 47% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 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 the Philippines ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+18.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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