South-Eastern Asia: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in South-Eastern Asia

The Southeast Asian market for parts of apparatus of hs declined markedly to $X in 2021, which is down by -58.7% against the previous year. Over the period under review, consumption recorded a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Parts Of Apparatus Of Hs in South-Eastern Asia

In value terms, parts of apparatus of hs production dropped sharply to $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +26.1% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 55%. Over the period under review, production attained the maximum level at $X in 2020, and then declined sharply in the following year.

Exports of Parts Of Apparatus Of Hs

Exports in South-Eastern Asia

In 2021, overseas shipments of parts of apparatus of hs were finally on the rise to reach X units after two years of decline. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of apparatus of hs exports soared to $X in 2021. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam was the major exporting country with an export of around X units, which accounted for 51% of total exports. Thailand (X units) ranks second in terms of the total exports with a 21% share, followed by Malaysia (13%) and Indonesia (10%). Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to parts of apparatus of hs exports from Vietnam stood at +4.4%. At the same time, Malaysia (+31.6%) and Thailand (+22.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +31.6% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and Malaysia increased by +14 and +11 percentage points, respectively.

In value terms, Vietnam ($X) remains the largest parts of apparatus of hs supplier in South-Eastern Asia, comprising 70% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total exports. It was followed by Singapore, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +27.5%. In the other countries, the average annual rates were as follows: Malaysia (+10.7% per year) and Singapore (+1.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, picking up by 30% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of 55% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while Indonesia ($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 (+22.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Parts Of Apparatus Of Hs

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in purchases abroad of parts of apparatus of hs, which increased by 51% to X units in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.2% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of apparatus of hs imports surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.2% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X units), distantly followed by Indonesia (X units), Thailand (X units), Malaysia (X units) and Singapore (X units) were the largest importers of parts of apparatus of hs, together generating 96% of total imports. The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +155.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported parts of apparatus of hs in South-Eastern Asia, comprising 43% of total imports. The second position in the ranking was held by Singapore ($X), with a 15% share of total imports. It was followed by Malaysia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at +13.1%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+2.4% per year) and Malaysia (-1.9% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, which is down by -11% against the previous year. Overall, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 36%. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+39.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :