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

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

The Southeast Asian numerically controlled sharpening machine market reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

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

In value terms, numerically controlled sharpening machine production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 2.7% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in South-Eastern Asia

Numerically controlled sharpening machine exports dropped remarkably to X units in 2022, reducing by -23.3% on 2021. Overall, exports showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 330%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, numerically controlled sharpening machine exports declined to $X in 2022. Over the period under review, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 125%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the largest exporting country with an export of around X units, which amounted to 55% of total exports. It was distantly followed by Malaysia (X units) and Thailand (X units), together comprising a 44% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to numerically controlled sharpening machine exports from Singapore stood at -11.8%. At the same time, Malaysia (+36.4%) and Thailand (+9.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +36.4% from 2012-2022. Malaysia (+26 p.p.) and Thailand (+14 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -40.2% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest numerically controlled sharpening machine supplier in South-Eastern Asia, comprising 98% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 1.7% share of total exports.

In Thailand, numerically controlled sharpening machine exports expanded at an average annual rate of +6.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+16.9% per year) and Singapore (-25.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, rising by 23% against the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth appeared the most rapid in 2017 when the export price increased by 403% 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 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-2.8%), while the other leaders experienced a decline in the export price figures.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in South-Eastern Asia

In 2022, overseas purchases of numerically controlled sharpening machines for working metal were finally on the rise to reach X units after two years of decline. Overall, imports, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 100%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, numerically controlled sharpening machine imports declined to $X in 2022. Over the period under review, imports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 83%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Philippines (X units) represented the major importer of numerically controlled sharpening machines for working metal, achieving 52% of total imports. Singapore (X units) ranks second in terms of the total imports with a 20% share, followed by Malaysia (17%). The following importers - Indonesia (X units), Thailand (X units) and Vietnam (X units) - together made up 9% of total imports.

The Philippines was also the fastest-growing in terms of the numerically controlled sharpening machines for working metal imports, with a CAGR of +38.8% from 2012 to 2022. At the same time, Vietnam (+14.7%), Indonesia (+14.1%) and Malaysia (+14.0%) displayed positive paces of growth. By contrast, Thailand (-1.6%) and Singapore (-18.1%) illustrated a downward trend over the same period. The Philippines (+50 p.p.), Malaysia (+14 p.p.), Indonesia (+3.1 p.p.) and Vietnam (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -69.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest numerically controlled sharpening machine importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and the Philippines ($X), together comprising 84% of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +28.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, dropping by -21.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 191%. Over the period under review, import prices hit record highs at $X per unit in 2021, and then dropped dramatically 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 ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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