South-Eastern Asia: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in South-Eastern Asia

In 2022, the Southeast Asian market for mechanical appliances for projecting, dispersing or spraying was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate pronounced growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in South-Eastern Asia

In value terms, production of mechanical appliances for projecting, dispersing or spraying contracted modestly to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 64%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in South-Eastern Asia

After two years of growth, shipments abroad of mechanical appliances for projecting, dispersing or spraying decreased by -30.3% to X units in 2022. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 99%. The volume of export peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying reduced notably to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 108%. The level of export peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Thailand was the major exporter of mechanical appliances for projecting, dispersing or spraying in South-Eastern Asia, with the volume of exports reaching X units, which was approx. 51% of total exports in 2022. Singapore (X units) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (15%), Indonesia (8.5%) and Malaysia (4.8%). Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mechanical appliances for projecting, dispersing or spraying exports from Thailand stood at +22.3%. At the same time, Indonesia (+28.7%), the Philippines (+14.3%), Vietnam (+11.0%) and Singapore (+5.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +28.7% from 2012-2022. By contrast, Malaysia (-4.3%) illustrated a downward trend over the same period. While the share of Thailand (+28 p.p.), Indonesia (+6.3 p.p.) and the Philippines (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-16 p.p.) and Malaysia (-19.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), Thailand ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, with a combined 78% share of total exports. Malaysia, Vietnam and Indonesia lagged somewhat behind, together comprising a further 22%.

Indonesia, with a CAGR of +26.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, reducing by -28.4% against the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of 15% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, 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 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 the Philippines (+6.7%), while the other leaders experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in South-Eastern Asia

In 2022, overseas purchases of mechanical appliances for projecting, dispersing or spraying decreased by -0.4% to X units, falling for the third consecutive year after four years of growth. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.3% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 40%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying fell modestly to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.0% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 35%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of mechanical appliances for projecting, dispersing or spraying, namely Indonesia, Vietnam and Thailand, represented more than two-thirds of total import. It was distantly followed by Malaysia (X units) and Singapore (X units), together comprising a 15% share of total imports. The following importers - the Philippines (X units) and Cambodia (X units) - together made up 5% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of +36.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical appliances for projecting, dispersing or spraying importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), together comprising 72% of total imports. Singapore, Malaysia, the Philippines and Cambodia lagged somewhat behind, together comprising a further 27%.

Cambodia, with a CAGR of +35.2%, 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, shrinking by -3.8% against the previous year. In general, the import price showed a slight decrease. The growth pace was the most rapid in 2018 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Cambodia ($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 (+13.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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