South-Eastern Asia: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2025

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in South-Eastern Asia

In 2022, after three years of decline, there was significant growth in the Southeast Asian market for pulley tackle and hoists powered by an electric motor, when its value increased by 8.1% to $X. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in South-Eastern Asia

In value terms, production of pulley tackle and hoists powered by an electric motor totaled $X in 2022 estimated in export price. In general, production, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2018 with an increase of 561% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports in South-Eastern Asia

In 2022, overseas shipments of pulley tackle and hoists powered by an electric motor increased by 57% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 115%. Over the period under review, the exports of hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor rose significantly to $X in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 40%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore prevails in motor structure, accounting for X units, which was near 92% of total exports in 2022. It was distantly followed by Malaysia (X units), making up a 5.1% share of total exports.

Exports from Singapore decreased at an average annual rate of -11.2% from 2012 to 2022. At the same time, Malaysia (+1.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +1.9% from 2012-2022. While the share of Malaysia (+3.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-4.7 p.p.) displayed negative dynamics.

In value terms, the largest pulley tackle and hoists powered by an electric motor supplying countries in South-Eastern Asia were Malaysia ($X) and Singapore ($X).

Malaysia, with a CAGR of +17.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, with a decrease of -27.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 190%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.3%).

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports in South-Eastern Asia

In 2022, purchases abroad of pulley tackle and hoists powered by an electric motor was finally on the rise to reach X units after three years of decline. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 37% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of pulley tackle and hoists powered by an electric motor amounted to $X in 2022. Over the period under review, imports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 23% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam prevails in motor structure, accounting for X units, which was approx. 59% of total imports in 2022. It was distantly followed by Thailand (X units), Indonesia (X units), Singapore (X units) and Malaysia (X units), together generating a 34% share of total imports. The Philippines (X units) and Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pulley tackle and hoists powered by an electric motor imports into Vietnam stood at +12.3%. At the same time, Myanmar (+46.0%), the Philippines (+19.9%) and Malaysia (+8.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +46.0% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-11.9%) and Thailand (-12.1%) illustrated a downward trend over the same period. While the share of Vietnam (+40 p.p.), Malaysia (+3.1 p.p.) and the Philippines (+3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-22.4 p.p.) and Thailand (-26.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pulley tackle and hoists powered by an electric motor importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Vietnam ($X), together comprising 71% of total imports. Malaysia, Singapore, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, Myanmar, with a CAGR of +7.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, declining by -8.5% against the previous year. Over the period under review, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 13%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 Thailand (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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