South-Eastern Asia: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in South-Eastern Asia

The Southeast Asian machine-tool for working metal market contracted slightly to $X in 2021, reducing by -2.2% against the previous year. In general, consumption, however, continues to indicate a abrupt decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in South-Eastern Asia

In value terms, machine-tool for working metal production reduced to $X in 2021 estimated in export price. In general, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 207% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Machine Tools For Working Metal

Exports in South-Eastern Asia

In 2021, shipments abroad of machine tools for working metal increased by 64% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. 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.

Exports by Country

Malaysia was the key exporter of machine tools for working metal in South-Eastern Asia, with the volume of exports recording X units, which was near 51% of total exports in 2021. It was distantly followed by Singapore (X units), Vietnam (X units) and Thailand (X units), together making up a 44% share of total exports. The following exporters - the Philippines (X units) and Indonesia (X units) - together made up 5% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +27.7%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the largest machine-tool for working metal supplier in South-Eastern Asia, comprising 60% of total exports. The second position in the ranking was held by Singapore ($X), with a 20% share of total exports. It was followed by Vietnam, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia amounted to +5.9%. In the other countries, the average annual rates were as follows: Singapore (-0.2% per year) and Vietnam (+2.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, rising by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 when the export price increased by 17%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+9.0%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports in South-Eastern Asia

In 2021, imports of machine tools for working metal in South-Eastern Asia soared to X units, rising by 20% compared with 2020 figures. Overall, imports, however, showed a deep reduction. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working metal imports amounted to $X in 2021. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2018 with an increase of 13%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X units) represented the key importer of machine tools for working metal, mixing up 54% of total imports. Malaysia (X units) held the second position in the ranking, followed by Singapore (X units), Indonesia (X units) and Vietnam (X units). All these countries together took near 42% share of total imports. The Philippines (X units) held a little share of total imports.

Imports into Thailand decreased at an average annual rate of -4.2% from 2012 to 2021. At the same time, Singapore (+13.6%) and the Philippines (+6.2%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +13.6% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, Vietnam (-15.6%) and Indonesia (-20.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, Singapore, Malaysia and the Philippines increased by +15, +8.7, +8.4 and +2.1 percentage points, respectively.

In value terms, the largest machine-tool for working metal importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined 75% share of total imports. These countries were followed by Indonesia, the Philippines and Singapore, which together accounted for a further 22%.

The Philippines, with a CAGR of +1.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, falling by -14.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 38%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+19.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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