South-Eastern Asia: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in South-Eastern Asia

The Southeast Asian machine tool for metal market soared to $X in 2021, rising by 42% against the previous year. Over the period under review, consumption recorded buoyant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in South-Eastern Asia

In value terms, machine tool for metal production expanded slightly to $X in 2021 estimated in export price. Overall, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17,556% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in South-Eastern Asia

In 2021, shipments abroad of machine tools for working metal without removing metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 341% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine tool for metal exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 141% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Singapore (X units) and Thailand (X units) represented the key exporters of machine tools for working metal without removing metal in South-Eastern Asia, together amounting to near 73% of total exports. Indonesia (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (6.9%). Vietnam (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +15.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest machine tool for metal supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Malaysia ($X), with a combined 84% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of +17.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, increasing by 29% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2019 an increase of 135%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+19.0%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in South-Eastern Asia

After two years of decline, overseas purchases of machine tools for working metal without removing metal increased by 65% to X units in 2021. In general, imports, however, recorded a perceptible slump. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, machine tool for metal imports totaled $X in 2021. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by 45%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X units) and Thailand (X units) represented roughly 60% of total imports in 2021. The Philippines (X units) held the next position in the ranking, followed by Vietnam (X units) and Singapore (X units). All these countries together took near 33% share of total imports. Malaysia (X units) and Cambodia (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +45.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tool for metal importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for 79% of total imports. Malaysia, the Philippines, Singapore and Cambodia lagged somewhat behind, together comprising a further 18%.

Cambodia, with a CAGR of +39.1%, recorded the highest growth rate of 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

The import price in South-Eastern Asia stood at $X per unit in 2021, waning by -30.8% against the previous year. Overall, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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