South-Eastern Asia: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in South-Eastern Asia

The Southeast Asian market for equipment for scaffolding, shuttering, propping or pit propping stood at $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in South-Eastern Asia

In value terms, scaffolding, shuttering, and propping equipment production expanded to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.6% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in South-Eastern Asia

In 2021, the amount of equipment for scaffolding, shuttering, propping or pit propping exported in South-Eastern Asia expanded rapidly to X tons, growing by 11% compared with the previous year. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 27%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports skyrocketed to $X in 2021. In general, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Vietnam (X tons) and Indonesia (X tons) represented the largest exporters of equipment for scaffolding, shuttering, propping or pit propping in South-Eastern Asia, together mixing up 60% of total exports. Thailand (X tons) held the next position in the ranking, followed by Malaysia (X tons), the Philippines (X tons) and Singapore (X tons). All these countries together held approx. 39% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest scaffolding, shuttering, and propping equipment supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total exports. It was followed by Malaysia, with a 5.4% share.

In Indonesia, scaffolding, shuttering, and propping equipment exports increased at an average annual rate of +20.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+25.9% per year) and Malaysia (-1.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, surging by 69% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.2%), while the other leaders experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in South-Eastern Asia

In 2021, imports of equipment for scaffolding, shuttering, propping or pit propping in South-Eastern Asia expanded notably to X tons, picking up by 13% compared with the year before. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 16%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports surged to $X in 2021. Over the period under review, imports, however, showed a noticeable reduction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Singapore represented the largest importing country with an import of around X tons, which finished at 52% of total imports. Thailand (X tons) took the second position in the ranking, followed by Indonesia (X tons), the Philippines (X tons), Malaysia (X tons) and Vietnam (X tons). All these countries together took near 41% share of total imports. Lao People's Democratic Republic (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to scaffolding, shuttering, and propping equipment imports into Singapore stood at +2.7%. At the same time, Thailand (+8.9%), Indonesia (+6.0%), the Philippines (+3.9%) and Lao People's Democratic Republic (+1.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +8.9% from 2012-2021. Vietnam experienced a relatively flat trend pattern. By contrast, Malaysia (-5.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore, Thailand, Indonesia and the Philippines increased by +9.2, +7.7, +3.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported equipment for scaffolding, shuttering, propping or pit propping in South-Eastern Asia, comprising 53% of total imports. The second position in the ranking was held by Indonesia ($X), with a 17% share of total imports. It was followed by the Philippines, with a 10% share.

In Singapore, scaffolding, shuttering, and propping equipment imports plunged by an average annual rate of -5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+12.3% per year) and the Philippines (+10.3% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with an increase of 28% against the previous year. In general, the import price, however, saw a drastic downturn. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :