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

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

In 2021, the Southeast Asian machine-tool for working wood market decreased by -0.3% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, machine-tool for working wood production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded slight growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 114% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Machine-Tools For Working Wood

Exports in South-Eastern Asia

In 2021, overseas shipments of machine-tools for working wood decreased by -8.4% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports reduced to $X in 2021. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 16% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Malaysia (X tons) and Singapore (X tons) represented the largest exporters of machine-tools for working wood in South-Eastern Asia, together achieving 75% of total exports. It was distantly followed by Vietnam (X tons), Indonesia (X tons) and Thailand (X tons), together making up a 24% 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 Vietnam (with a CAGR of +2.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Malaysia ($X), Singapore ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +5.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, which is down by -4.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 22%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then contracted slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.8%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports in South-Eastern Asia

In 2021, the amount of machine-tools for working wood imported in South-Eastern Asia stood at X tons, surging by 6.3% on the previous year's figure. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when imports increased by 21%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working wood imports dropped to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) were the largest importers of machine-tools for working wood in 2021, accounting for approx. 37% and 34% of total imports, respectively. It was distantly followed by Malaysia (X tons) and Thailand (X tons), together achieving an 18% share of total imports. The Philippines (X tons), Singapore (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of +15.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported machine-tools for working wood in South-Eastern Asia, comprising 42% of total imports. The second position in the ranking was held by Indonesia ($X), with a 16% share of total imports. It was followed by Malaysia, with a 15% share.

In Vietnam, machine-tool for working wood imports expanded at an average annual rate of +16.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+0.3% per year) and Malaysia (-6.2% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, reducing by -6.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 17% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($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 (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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