South-Eastern Asia: Pile-Driver Market 2024

Pile-Driver Market Size in South-Eastern Asia

The Southeast Asian pile-driver market rose markedly to $X in 2021, increasing by 9.3% against the previous year. Overall, consumption continues to indicate a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Pile-Driver Production in South-Eastern Asia

In value terms, pile-driver production totaled $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 decreased by -0.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 54% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Pile-Driver Exports

Exports in South-Eastern Asia

In 2021, exports of pile-drivers and pile-extractors in South-Eastern Asia soared to X units, picking up by 127% on the year before. Over the period under review, exports posted strong growth. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, pile-driver exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 249%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X units) and Singapore (X units) were the key exporters of pile-drivers and pile-extractors in 2021, accounting for approx. 44% and 33% of total exports, respectively. It was distantly followed by Vietnam (X units) and Malaysia (X units), together committing a 20% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +31.6%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest pile-driver supplier in South-Eastern Asia, comprising 55% of total exports. The second position in the ranking was held by Thailand ($X), with a 19% share of total exports. It was followed by Malaysia, with a 12% share.

In Singapore, pile-driver exports declined by an average annual rate of -3.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+8.4% per year) and Malaysia (+19.2% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, dropping by -22.1% against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2015 when the export price increased by 64%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.8%), while the other leaders experienced a decline in the export price figures.

Pile-Driver Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of pile-drivers and pile-extractors decreased by -74.8% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a significant decline. The pace of growth appeared the most rapid in 2019 with an increase of 36% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, pile-driver imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of pile-drivers and pile-extractors, namely Singapore, Vietnam and Indonesia, represented more than two-thirds of total import. Thailand (X units) held a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (5.4%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported pile-drivers and pile-extractors in South-Eastern Asia, comprising 59% of total imports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Indonesia (-4.5% per year) and Vietnam (+15.5% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, with an increase of 527% against the previous year. In general, the import price saw significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+40.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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