South-Eastern Asia: Non-Electric Motor Handtools Market 2025

Non-Electric Motor Handtools Market Size in South-Eastern Asia

The Southeast Asian non-electric motor handtools market declined to $X in 2022, which is down by -12.5% against the previous year. Over the period under review, consumption, however, posted buoyant growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Non-Electric Motor Handtools Production in South-Eastern Asia

In value terms, non-electric motor handtools production fell dramatically to $X in 2022 estimated in export price. Overall, production, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 7,461% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Non-Electric Motor Handtools Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by -13.8% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, saw notable growth. The growth pace was the most rapid in 2013 with an increase of 102%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric motor handtools exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X units) and Thailand (X units) dominates exports structure, together constituting 93% of total exports. Malaysia (X units), Vietnam (X units) and the Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest non-electric motor handtools supplier in South-Eastern Asia, comprising 72% of total exports. The second position in the ranking was held by Singapore ($X), with a 13% share of total exports. It was followed by Malaysia, with a 12% share.

In Thailand, non-electric motor handtools exports expanded at an average annual rate of +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (-4.0% per year) and Malaysia (-3.3% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, rising by 33% against the previous year. Overall, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 89%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 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 Malaysia ($X per unit), while Singapore ($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 (+9.9%), while the other leaders experienced mixed trends in the export price figures.

Non-Electric Motor Handtools Imports

Imports in South-Eastern Asia

In 2022, approx. X units of handtools, hydraulic or with a self-contained non-electric motor were imported in South-Eastern Asia; rising by 21% against the year before. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +50.0% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, non-electric motor handtools imports shrank to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Vietnam (X units) and Thailand (X units) represented the major importers of handtools, hydraulic or with a self-contained non-electric motor in 2022, amounting to near 31% and 31% of total imports, respectively. Malaysia (X units) held the next position in the ranking, distantly followed by Singapore (X units) and Indonesia (X units). All these countries together took approx. 30% share of total imports. The Philippines (X units) and Cambodia (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +36.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising 68% of total imports. Indonesia, Singapore, the Philippines and Cambodia lagged somewhat behind, together comprising a further 30%.

In terms of the main importing countries, the Philippines, with a CAGR of +23.3%, saw 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, declining by -21.9% against the previous year. Overall, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the 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 Indonesia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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