South-Eastern Asia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in South-Eastern Asia

In 2021, the Southeast Asian lathe for removing metal market decreased by -17.5% to $X, falling for the third consecutive year after two years of growth. In general, consumption showed a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Lathes For Removing Metal in South-Eastern Asia

In value terms, lathe for removing metal production dropped dramatically to $X in 2021 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 265% against the previous year. The level of production peaked at $X in 2020, and then shrank dramatically in the following year.

Exports of Lathes For Removing Metal

Exports in South-Eastern Asia

In 2021, lathe for removing metal exports in South-Eastern Asia skyrocketed to X units, with an increase of 36% against the year before. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. Total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X units) and Thailand (X units) prevails in exports structure, together constituting 91% of total exports. The following exporters - the Philippines (X units) and Malaysia (X units) - each finished at a 7.6% 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 Thailand (with a CAGR of +25.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X) remains the largest lathe for removing metal supplier in South-Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by Singapore ($X), with a 15% share of total exports. It was followed by the Philippines, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand totaled +8.9%. In the other countries, the average annual rates were as follows: Singapore (-6.3% per year) and the Philippines (+14.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, increasing by 47% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.3% 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 unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+24.8%), while the other leaders experienced a decline in the export price figures.

Imports of Lathes For Removing Metal

Imports in South-Eastern Asia

In 2021, approx. X units of lathes for removing metal were imported in South-Eastern Asia; picking up by 17% compared with the year before. In general, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 20%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, lathe for removing metal imports expanded sharply to $X in 2021. Over the period under review, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by 19% against the previous year. Over the period under review, lafor removing metal imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X units) and Malaysia (X units) were the key importers of lathes for removing metal in 2021, reaching approx. 29% and 26% of total imports, respectively. It was distantly followed by Singapore (X units), the Philippines (X units), Vietnam (X units) and Indonesia (X units), together creating a 42% share of total imports. Lao People's Democratic Republic (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 75% share of total imports. Indonesia, Singapore, the Philippines and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, Lao People's Democratic Republic, with a CAGR of +15.2%, 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

The import price in South-Eastern Asia stood at $X per unit in 2021, reducing by -2.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the import price increased by 17%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, 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 ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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