South-Eastern Asia: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in South-Eastern Asia

In 2022, the Southeast Asian machine-tool for drilling market decreased by -61.9% to $X, falling for the second consecutive year after four years of growth. Overall, consumption recorded a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machine-Tool For Drilling Production in South-Eastern Asia

In value terms, machine-tool for drilling production plummeted to $X in 2022 estimated in export price. In general, production saw a mild decrease. The pace of growth appeared the most rapid in 2019 with an increase of 169%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports in South-Eastern Asia

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were exported in South-Eastern Asia; waning by -40.4% compared with 2021 figures. Over the period under review, exports, however, showed mild growth. The growth pace was the most rapid in 2018 with an increase of 115%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for drilling exports expanded modestly to $X in 2022. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 50%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Singapore (X units) represented the major exporter of machine-tools for drilling, boring or milling metal, committing 67% of total exports. Vietnam (X units) held the second position in the ranking, distantly followed by Indonesia (X units) and Thailand (X units). All these countries together took approx. 30% share of total exports. Malaysia (X units) held a little share of total exports.

Exports from Singapore increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Vietnam (+8.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +8.7% from 2012-2022. By contrast, Malaysia (-1.6%), Indonesia (-6.2%) and Thailand (-8.2%) illustrated a downward trend over the same period. While the share of Singapore (+19 p.p.) and Vietnam (+8.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-8.6 p.p.) and Thailand (-9.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest machine-tool for drilling supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total exports. It was followed by Thailand, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to -5.7%. In the other countries, the average annual rates were as follows: Vietnam (+9.5% per year) and Thailand (-16.9% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, surging by 73% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2020 when the export price increased by 245% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.7%), while the other leaders experienced a decline in the export price figures.

Machine-Tool For Drilling Imports

Imports in South-Eastern Asia

Machine-tool for drilling imports declined sharply to X units in 2022, shrinking by -50.9% compared with the previous year. Overall, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 57%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for drilling imports surged to $X in 2022. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 44%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand represented the major importer of machine-tools for drilling, boring or milling metal in South-Eastern Asia, with the volume of imports accounting for X units, which was approx. 55% of total imports in 2022. Cambodia (X units) held the second position in the ranking, followed by Indonesia (X units), Myanmar (X units) and Vietnam (X units). All these countries together took approx. 38% share of total imports. The following importers - Singapore (X units) and Malaysia (X units) - each accounted for a 4.4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for drilling imports into Thailand stood at -14.7%. At the same time, Cambodia (+38.3%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +38.3% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Indonesia (-2.7%), Myanmar (-3.1%), Singapore (-5.7%) and Malaysia (-5.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cambodia, Indonesia, Vietnam and Myanmar increased by +13, +6.2, +4.1 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for drilling importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for 76% of total imports. Singapore, Indonesia, Cambodia and Myanmar lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, Cambodia, with a CAGR of +10.8%, saw 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 2022, the import price in South-Eastern Asia amounted to $X per unit, jumping by 135% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :