South-Eastern Asia: Industrial Robot Market 2024

Industrial Robot Market Size in South-Eastern Asia

The Southeast Asian industrial robot market stood at $X in 2021, rising by 6% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Industrial Robot Production in South-Eastern Asia

In value terms, industrial robot production rose slightly to $X in 2021 estimated in export price. In general, production saw prominent growth. The growth pace was the most rapid in 2018 with an increase of 156%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Industrial Robot Exports

Exports in South-Eastern Asia

Industrial robot exports skyrocketed to X units in 2021, growing by 55% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 119% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, industrial robot exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 107%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Vietnam represented the key exporting country with an export of around X units, which resulted at 61% of total exports. It was distantly followed by Singapore (X units), mixing up a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +45.3%).

In value terms, the largest industrial robot supplying countries in South-Eastern Asia were Vietnam ($X) and Singapore ($X).

Vietnam, with a CAGR of +46.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, rising by 1.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 an increase of 10%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.1%).

Industrial Robot Imports

Imports in South-Eastern Asia

In 2021, imports of industrial robots for multiple uses in South-Eastern Asia expanded to X units, surging by 4% on the year before. Total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.4% against 2015 indices. The pace of growth appeared the most rapid in 2019 with an increase of 28%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, industrial robot imports skyrocketed to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.5% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The purchases of the three major importers of industrial robots for multiple uses, namely Thailand, Indonesia and Vietnam, represented more than two-thirds of total import. Singapore (X units) took the next position in the ranking, followed by Malaysia (X units). All these countries together took approx. 14% share of total imports. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +36.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial robot importing markets in South-Eastern Asia were Singapore ($X), Thailand ($X) and Malaysia ($X), together accounting for 69% of total imports. These countries were followed by Vietnam, Indonesia and Cambodia, which together accounted for a further 29%.

In terms of the main importing countries, Cambodia, with a CAGR of +28.5%, recorded 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

In 2021, the import price in South-Eastern Asia amounted to $X per unit, rising by 22% against the previous year. Overall, the import price, however, recorded a mild shrinkage. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Singapore ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+15.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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