South-Eastern Asia: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of industrial bakery machinery increased by 18% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, industrial bakery machinery exports expanded significantly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 61%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia represented the main exporter of industrial bakery machinery in South-Eastern Asia, with the volume of exports reaching X units, which was near 51% of total exports in 2022. It was distantly followed by Malaysia (X units), Singapore (X units) and the Philippines (X units), together mixing up a 45% share of total exports. Thailand (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial bakery machinery exports from Indonesia stood at +1.4%. At the same time, the Philippines (+3.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +3.9% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Malaysia (-7.5%) and Thailand (-11.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, the Philippines and Singapore increased by +15, +4 and +2.1 percentage points, respectively.

In value terms, the largest industrial bakery machinery supplying countries in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and the Philippines ($X), with a combined 86% share of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of +12.2%, recorded the highest rates of growth with regard to the value of exports, 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 2022, waning by -4.1% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial bakery machinery export price decreased by -16.7% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 31%. The level of export peaked at $X per unit in 2020; however, 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 Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.7%), while the other leaders experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports in South-Eastern Asia

In 2022, approx. X units of industrial bakery machinery were imported in South-Eastern Asia; with a decrease of -20.8% on 2021. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, industrial bakery machinery imports contracted markedly to $X in 2022. In general, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia represented the key importer of industrial bakery machinery in South-Eastern Asia, with the volume of imports finishing at X units, which was near 59% of total imports in 2022. Malaysia (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (9.6%) and Vietnam (8.1%). The following importers - the Philippines (X units) and Singapore (X units) - together made up 7.9% of total imports.

Indonesia was also the fastest-growing in terms of the industrial bakery machinery imports, with a CAGR of +4.0% from 2012 to 2022. At the same time, Singapore (+3.0%) displayed positive paces of growth. Thailand, Vietnam and Malaysia experienced a relatively flat trend pattern. By contrast, the Philippines (-1.3%) illustrated a downward trend over the same period. While the share of Indonesia (+9.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (-1.8 p.p.), the Philippines (-1.8 p.p.), Vietnam (-2.1 p.p.) and Malaysia (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 74% share of total imports. The Philippines, Thailand and Singapore lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, the Philippines, with a CAGR of +4.7%, recorded the highest rates of growth with regard to 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, shrinking by -17.2% against the previous year. In general, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($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 (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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