South-Eastern Asia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in South-Eastern Asia

The Southeast Asian pneumatic linear acting actuator market reduced to $X in 2022, waning by -5.3% against the previous year. In general, consumption saw a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in South-Eastern Asia

In value terms, pneumatic linear acting actuator production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a notable expansion. The growth pace was the most rapid in 2018 with an increase of 55%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in South-Eastern Asia

In 2022, pneumatic linear acting actuator exports in South-Eastern Asia soared to X units, picking up by 51% against 2021. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 60% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, pneumatic linear acting actuator exports soared to $X in 2022. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 61% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Singapore (X units) represented the main exporter of pneumatic linear acting actuators, generating 81% of total exports. It was distantly followed by Thailand (X units) and Malaysia (X units), together creating a 16% share of total exports.

Exports from Singapore increased at an average annual rate of +8.3% from 2012 to 2022. At the same time, Malaysia (+31.9%) and Thailand (+9.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +31.9% from 2012-2022. While the share of Malaysia (+5.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest pneumatic linear acting actuator supplier in South-Eastern Asia, comprising 80% of total exports. The second position in the ranking was held by Thailand ($X), with an 8.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at +9.2%. In the other countries, the average annual rates were as follows: Thailand (+8.8% per year) and Malaysia (+34.6% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, picking up by 3% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2016 an increase of 4.3%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($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 (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pneumatic Linear Acting Actuators

Imports in South-Eastern Asia

Pneumatic linear acting actuator imports declined slightly to X units in 2022, almost unchanged from the previous year's figure. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 when imports increased by 39%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports stood at $X in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 37%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the five major importers of pneumatic linear acting actuators, namely Vietnam, Singapore, Malaysia, Indonesia and Thailand, represented more than two-thirds of total import. The Philippines (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 67% share of total imports.

Vietnam, with a CAGR of +23.6%, 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 unit in 2022, with an increase of 3.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 18% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Thailand ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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