South-Eastern Asia: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in South-Eastern Asia

The Southeast Asian non-domestic dryer market dropped markedly to $X in 2021, declining by -19.1% against the previous year. Overall, consumption saw a slight contraction. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Non-Domestic Dryer Production in South-Eastern Asia

In value terms, non-domestic dryer production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild decline. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Domestic Dryer Exports

Exports in South-Eastern Asia

After two years of decline, overseas shipments of non-domestic dryers increased by 74% to X units in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, non-domestic dryer exports soared to $X in 2021. Total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Indonesia (X units), Singapore (X units) and Thailand (X units), together finishing at 87% of total export. It was distantly followed by Malaysia (X units), making up a 10% share of total exports. Vietnam (X units) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +9.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 85% of total exports.

Thailand, with a CAGR of +10.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, with a decrease of -9.3% against the previous year. Overall, the export price, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by 44%. The level of export peaked at $X per unit in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+14.5%), while the other leaders experienced more modest paces of growth.

Non-Domestic Dryer Imports

Imports in South-Eastern Asia

In 2021, approx. X units of non-domestic dryers were imported in South-Eastern Asia; with a decrease of -22.8% compared with the previous year's figure. In general, imports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 22% against the previous year. As a result, imports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, non-domestic dryer imports declined dramatically to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 11% against the previous year. The level of import peaked at $X in 2020, and then fell notably in the following year.

Imports by Country

Indonesia was the largest importer of non-domestic dryers in South-Eastern Asia, with the volume of imports resulting at X units, which was near 45% of total imports in 2021. Vietnam (X units) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (8.7%), Singapore (7.6%), Malaysia (6.6%) and the Philippines (5%). Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

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

Cambodia, with a CAGR of +15.5%, saw the highest rates of growth with regard to 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 2021, the import price in South-Eastern Asia amounted to $X per unit, surging by 4.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, 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 Thailand ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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