South-Eastern Asia: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2025

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in South-Eastern Asia

The Southeast Asian non-numerically controlled sharpening machine market expanded modestly to $X in 2022, surging by 2% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in South-Eastern Asia

In value terms, non-numerically controlled sharpening machine production reached $X in 2022 estimated in export price. In general, production showed a notable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 107% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in South-Eastern Asia

Non-numerically controlled sharpening machine exports surged to X units in 2022, growing by 314% on the previous year. Overall, exports showed a relatively flat trend pattern. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine exports skyrocketed to $X in 2022. In general, exports, however, showed a mild setback. The growth pace was the most rapid in 2016 with an increase of 277% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the largest exporter of non-numerically controlled sharpening machines for working metal in South-Eastern Asia, with the volume of exports recording X units, which was approx. 80% of total exports in 2022. It was distantly followed by Thailand (X units), mixing up a 17% share of total exports.

Singapore was also the fastest-growing in terms of the non-numerically controlled sharpening machines for working metal exports, with a CAGR of +16.6% from 2012 to 2022. Thailand (-13.7%) illustrated a downward trend over the same period. Singapore (+62 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -58.6% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest non-numerically controlled sharpening machine supplier in South-Eastern Asia, comprising 58% of total exports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at +15.9%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, waning by -36.4% against the previous year. Overall, the export price recorded a mild setback. The most prominent rate of growth was recorded in 2018 an increase of 74%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 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 Thailand ($X per unit), while Singapore totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.0%).

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in South-Eastern Asia

In 2022, overseas purchases of non-numerically controlled sharpening machines for working metal were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 29%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports reduced dramatically to $X in 2022. In general, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 50%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X units) represented the major importer of non-numerically controlled sharpening machines for working metal, creating 36% of total imports. Thailand (X units) ranks second in terms of the total imports with a 21% share, followed by Singapore (18%) and Vietnam (12%). The Philippines (X units), Myanmar (X units) and Malaysia (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +32.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported non-numerically controlled sharpening machines for working metal in South-Eastern Asia, comprising 55% of total imports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total imports. It was followed by Malaysia, with a 10% share.

In Vietnam, non-numerically controlled sharpening machine imports increased at an average annual rate of +10.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (-15.4% per year) and Malaysia (-3.0% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, declining by -35.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 44%. Over the period under review, import prices hit record highs at $X per unit in 2021, and then fell significantly in the following year.

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 Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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