South-Eastern Asia: Gouges And Chisels Market 2025

Gouges And Chisels Market Size in South-Eastern Asia

In 2022, the Southeast Asian gouges and chisels market increased by 3.5% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Gouges And Chisels Production in South-Eastern Asia

In value terms, gouges and chisels production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Gouges And Chisels Exports

Exports in South-Eastern Asia

In 2022, exports of planes, chisels and gouges for working wood in South-Eastern Asia declined sharply to X tons, with a decrease of -22.7% compared with 2021 figures. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by 201% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, gouges and chisels exports declined sharply to $X in 2022. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 176%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia represented the key exporting country with an export of around X tons, which finished at 53% of total exports. Vietnam (X tons) held the second position in the ranking, distantly followed by Thailand (X tons) and Singapore (X tons). All these countries together held approx. 46% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gouges and chisels exports from Malaysia stood at +1.7%. At the same time, Vietnam (+9.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +9.2% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (-24.7%) illustrated a downward trend over the same period. While the share of Malaysia (+33 p.p.), Vietnam (+20 p.p.) and Thailand (+6.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-59.6 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest gouges and chisels supplier in South-Eastern Asia, comprising 59% of total exports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total exports. It was followed by Singapore, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled +16.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-5.9% per year) and Singapore (-21.0% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, shrinking by -2.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 73% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.9%), while the other leaders experienced more modest paces of growth.

Gouges And Chisels Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of planes, chisels and gouges for working wood increased by 21% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, showed a mild shrinkage. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, gouges and chisels imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 40%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) represented the major importer of planes, chisels and gouges for working wood, constituting 42% of total imports. The Philippines (X tons) ranks second in terms of the total imports with a 15% share, followed by Malaysia (12%), Vietnam (8.2%), Thailand (7.8%) and Myanmar (7.3%). Singapore (X tons) held a minor share of total imports.

Imports into Indonesia decreased at an average annual rate of -4.0% from 2012 to 2022. At the same time, Vietnam (+7.8%), the Philippines (+2.7%) and Malaysia (+2.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +7.8% from 2012-2022. Singapore and Myanmar experienced a relatively flat trend pattern. By contrast, Thailand (-1.6%) illustrated a downward trend over the same period. While the share of Vietnam (+4.7 p.p.), the Philippines (+4.6 p.p.) and Malaysia (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-14.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gouges and chisels importing markets in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Vietnam ($X), together accounting for 69% of total imports.

Indonesia, with a CAGR of +4.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with a decrease of -16.4% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 45%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :