South-Eastern Asia: Working Wire Machine Market 2024

Working Wire Machine Market Size in South-Eastern Asia

The Southeast Asian working wire machine market rose to $X in 2021, growing by 2.7% against the previous year. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.6% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Working Wire Machine Production in South-Eastern Asia

In value terms, working wire machine production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 7.5%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Working Wire Machine Exports

Exports in South-Eastern Asia

In 2021, working wire machine exports in South-Eastern Asia skyrocketed to X units, rising by 39% on the previous year. In general, exports, however, showed a sharp downturn. The growth pace was the most rapid in 2019 when exports increased by 315% against the previous year. 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, working wire machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 123%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the largest exporter of machines for working wire in South-Eastern Asia, with the volume of exports resulting at X units, which was near 61% of total exports in 2021. It was distantly followed by Malaysia (X units), Thailand (X units) and Vietnam (X units), together creating a 35% share of total exports. Lao People's Democratic Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to working wire machine exports from Singapore stood at -28.8%. At the same time, Malaysia (+17.4%), Thailand (+7.8%) and Lao People's Democratic Republic (+5.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +17.4% from 2012-2021. By contrast, Vietnam (-6.3%) illustrated a downward trend over the same period. Malaysia (+17 p.p.), Thailand (+12 p.p.), Vietnam (+4.1 p.p.) and Lao People's Democratic Republic (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -36.7% from 2012 to 2021, respectively.

In value terms, Singapore ($X) remains the largest working wire machine supplier in South-Eastern Asia, comprising 59% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 23% share of total exports. It was followed by Thailand, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore stood at -23.9%. In the other countries, the average annual rates were as follows: Malaysia (+16.4% per year) and Thailand (-1.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, rising by 5.8% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 336% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, 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 Vietnam ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Working Wire Machine Imports

Imports in South-Eastern Asia

Working wire machine imports rose notably to X units in 2021, growing by 15% against the year before. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 99% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, working wire machine imports totaled $X in 2021. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 52%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X units), distantly followed by Singapore (X units), Vietnam (X units), Malaysia (X units), Thailand (X units) and Indonesia (X units) represented the largest importers of machines for working wire, together constituting 97% of total imports. Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +48.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, together comprising 72% of total imports. Malaysia, the Philippines, Singapore and Myanmar lagged somewhat behind, together comprising a further 28%.

Myanmar, with a CAGR of +35.0%, saw 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, waning by -11.9% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 when the import price increased by 97% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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