South-Eastern Asia: Metal Honing Machine Market 2025

Metal Honing Machine Market Size in South-Eastern Asia

In 2021, the Southeast Asian metal honing machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Honing Machine Production in South-Eastern Asia

In value terms, metal honing machine production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 14%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Honing Machine Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of honing or lapping machines for working metal increased by 32% to X units, rising for the fourth year in a row after four years of decline. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2019 with an increase of 294%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, metal honing machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 204% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Malaysia (X units) was the largest exporter of honing or lapping machines for working metal, comprising 81% of total exports. It was distantly followed by Indonesia (X units), mixing up a 14% share of total exports. The following exporters - Singapore (X units) and Thailand (X units) - each recorded a 4.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal honing machine exports from Malaysia stood at +75.2%. At the same time, Indonesia (+91.7%) and Thailand (+3.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +91.7% from 2012-2021. By contrast, Singapore (-15.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia and Indonesia increased by +77 and +14 percentage points, respectively.

In value terms, Malaysia ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, together comprising 92% of total exports.

Indonesia, with a CAGR of +85.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, increasing by 7.7% against the previous year. Over the period under review, the export price, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 95% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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 Thailand ($X per unit), while Malaysia ($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 (-3.2%), while the other leaders experienced a decline in the export price figures.

Metal Honing Machine Imports

Imports in South-Eastern Asia

In 2021, metal honing machine imports in South-Eastern Asia surged to X units, rising by 28% compared with the previous year's figure. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 110% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, metal honing machine imports dropped modestly to $X in 2021. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 38%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Thailand was the key importing country with an import of about X units, which finished at 79% of total imports. It was distantly followed by Singapore (X units), constituting a 15% share of total imports. The Philippines (X units) and Vietnam (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal honing machine imports into Thailand stood at +16.0%. At the same time, the Philippines (+58.3%), Vietnam (+16.7%) and Singapore (+8.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +58.3% from 2012-2021. While the share of Thailand (+25 p.p.) and the Philippines (+3.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-3.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal honing machine importing markets in South-Eastern Asia were the Philippines ($X), Thailand ($X) and Vietnam ($X), together accounting for 83% of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +37.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, shrinking by -22.6% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 72% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-12.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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