South-Eastern Asia: Screwdriver Market 2024

Screwdriver Market Size in South-Eastern Asia

The Southeast Asian screwdriver market soared to $X in 2021, growing by 21% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Screwdriver Production in South-Eastern Asia

In value terms, screwdriver production soared to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 60%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Screwdriver Exports

Exports in South-Eastern Asia

In 2021, the amount of screwdrivers exported in South-Eastern Asia expanded slightly to X tons, growing by 3.3% compared with 2020. In general, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 88% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, screwdriver exports fell notably to $X in 2021. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 76% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), Singapore (X tons) and Vietnam (X tons) represented roughly 93% of total exports in 2021. It was distantly followed by Malaysia (X tons), achieving a 4.8% share of total exports. Indonesia (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest screwdriver supplying countries in South-Eastern Asia were Singapore ($X), Vietnam ($X) and Thailand ($X), with a combined 95% share of total exports.

Vietnam, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, falling by -42.8% against the previous year. In general, the export price recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of 23% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, 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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.2%), while the other leaders experienced a decline in the export price figures.

Screwdriver Imports

Imports in South-Eastern Asia

In 2021, screwdriver imports in South-Eastern Asia surged to X tons, jumping by 18% compared with 2020 figures. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, screwdriver imports rose sharply to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.8% against 2013 indices. The growth pace was the most rapid in 2018 with an increase of 27%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Malaysia represented the key importer of screwdrivers in South-Eastern Asia, with the volume of imports resulting at X tons, which was near 47% of total imports in 2021. Indonesia (X tons) ranks second in terms of the total imports with a 27% share, followed by Thailand (13%) and Vietnam (6%). The following importers - Singapore (X tons) and the Philippines (X tons) - together made up 5.2% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +23.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Malaysia ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, with a combined 65% share of total imports. These countries were followed by Thailand, Singapore and the Philippines, which together accounted for a further 31%.

In terms of the main importing countries, the Philippines, with a CAGR of +17.9%, recorded the highest rates of growth with regard to 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

The import price in South-Eastern Asia stood at $X per ton in 2021, reducing by -9.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+30.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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