South-Eastern Asia: Machinery For Packing Market 2024

Machinery For Packing Market Size in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in the Southeast Asian machinery for packing market, when its value increased by 6.6% to $X. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Machinery For Packing Production in South-Eastern Asia

In value terms, machinery for packing production amounted to $X in 2022 estimated in export price. In general, production showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 67%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Machinery For Packing Exports

Exports in South-Eastern Asia

In 2022, approx. X units of machinery for packing or wrapping were exported in South-Eastern Asia; growing by 11% compared with 2021 figures. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 55% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, machinery for packing exports reached $X in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 52% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Malaysia (X units), distantly followed by Indonesia (X units), Singapore (X units) and Thailand (X units) were the key exporters of machinery for packing or wrapping, together creating 96% of total exports. Vietnam (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the largest machinery for packing supplier in South-Eastern Asia, comprising 45% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 21% share of total exports. It was followed by Singapore, with a 21% share.

In Malaysia, machinery for packing exports increased at an average annual rate of +14.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+23.5% per year) and Singapore (-1.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, declining by -7.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 15%. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.7%), while the other leaders experienced more modest paces of growth.

Machinery For Packing Imports

Imports in South-Eastern Asia

In 2022, approx. X units of machinery for packing or wrapping were imported in South-Eastern Asia; approximately mirroring the previous year. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 17% against the previous year. The volume of import peaked at X units in 2021, and then reduced slightly in the following year.

In value terms, machinery for packing imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units), distantly followed by Vietnam (X units), Thailand (X units), Singapore (X units), Malaysia (X units) and the Philippines (X units) represented the main importers of machinery for packing or wrapping, together mixing up 97% of total imports. Cambodia (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Thailand ($X), together comprising 70% of total imports. Singapore, Malaysia, the Philippines and Cambodia lagged somewhat behind, together comprising a further 29%.

Cambodia, with a CAGR of +18.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 2022, with an increase of 15% against the previous year. In general, the import price, however, showed a mild decrease. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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