South-Eastern Asia: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in South-Eastern Asia

The Southeast Asian personal weighing machine market contracted to $X in 2022, declining by -3.3% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Personal Weighing Machine Production in South-Eastern Asia

In value terms, personal weighing machine production stood at $X in 2022 estimated in export price. Overall, production, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 21%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Personal Weighing Machine Exports

Exports in South-Eastern Asia

In 2022, personal weighing machine exports in South-Eastern Asia rose slightly to X units, growing by 3.4% on 2021 figures. In general, exports showed perceptible growth. The pace of growth was the most pronounced in 2014 when exports increased by 101%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, personal weighing machine exports soared to $X in 2022. Total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.9% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore dominates exports structure, accounting for X units, which was near 88% of total exports in 2022. It was distantly followed by Vietnam (X units), comprising a 5.4% share of total exports. The following exporters - Malaysia (X units) and Indonesia (X units) - each recorded a 4% share of total exports.

Singapore was also the fastest-growing in terms of the personal weighing machines exports, with a CAGR of +5.7% from 2012 to 2022. Indonesia (-1.2%), Vietnam (-5.8%) and Malaysia (-8.0%) illustrated a downward trend over the same period. Singapore (+16 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Vietnam saw its share reduced by -5.3% and -8.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest personal weighing machine supplier in South-Eastern Asia, comprising 91% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 2.3% share of total exports. It was followed by Malaysia, with a 1.7% share.

In Singapore, personal weighing machine exports expanded at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (-10.9% per year) and Malaysia (-1.1% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, picking up by 16% against the previous year. In general, the export price, however, recorded a slight setback. The pace of growth was the most pronounced in 2015 when the export price increased by 116%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 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 Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.5%), while the other leaders experienced a decline in the export price figures.

Personal Weighing Machine Imports

Imports in South-Eastern Asia

In 2022, personal weighing machine imports in South-Eastern Asia dropped rapidly to X units, which is down by -19.6% compared with 2021. In general, imports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, personal weighing machine imports fell markedly to $X in 2022. Overall, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2017 with an increase of 155%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X units) and Singapore (X units) represented the main importers of personal weighing machines in South-Eastern Asia, together creating 49% of total imports. It was distantly followed by the Philippines (X units), Thailand (X units), Vietnam (X units), Indonesia (X units) and Myanmar (X units), together comprising a 49% 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 Myanmar (with a CAGR of +33.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported personal weighing machines in South-Eastern Asia, comprising 32% of total imports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total imports. It was followed by Malaysia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at +4.8%. In the other countries, the average annual rates were as follows: Indonesia (+2.1% per year) and Malaysia (+5.6% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, surging by 2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 80%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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