South-Eastern Asia: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in South-Eastern Asia

The Southeast Asian wood slicing machine market fell to $X in 2021, reducing by -12.8% against the previous year. Over the period under review, consumption showed a notable expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Wood Slicing Machine Production in South-Eastern Asia

In value terms, wood slicing machine production expanded significantly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 62% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Wood Slicing Machine Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of splitting, slicing or paring machines decreased by -37.5% to X units, falling for the third year in a row after three years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 100% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wood slicing machine exports reduced notably to $X in 2021. Over the period under review, exports showed a noticeable slump. The growth pace was the most rapid in 2016 with an increase of 93% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Thailand (X units) represented the major exporter of splitting, slicing or paring machines, making up 33% of total exports. Malaysia (X units) took the second position in the ranking, followed by Indonesia (X units), Vietnam (X units) and Singapore (X units). All these countries together took approx. 64% share of total exports. Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +36.3%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the largest wood slicing machine supplier in South-Eastern Asia, comprising 47% of total exports. The second position in the ranking was taken by Thailand ($X), with a 21% share of total exports. It was followed by Singapore, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia stood at +28.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+3.7% per year) and Singapore (-14.9% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, picking up by 2.3% against the previous year. Overall, the export price, however, saw a slight contraction. The pace of growth was the most pronounced in 2020 when the export price increased by 67%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, 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 Myanmar ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.7%), while the other leaders experienced a decline in the export price figures.

Wood Slicing Machine Imports

Imports in South-Eastern Asia

In 2021, approx. X units of splitting, slicing or paring machines were imported in South-Eastern Asia; with an increase of 7.4% compared with 2020 figures. In general, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 47% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood slicing machine imports reduced rapidly to $X in 2021. Overall, imports saw a mild expansion. The most prominent rate of growth was recorded in 2019 with an increase of 101%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia was the key importing country with an import of around X units, which finished at 57% of total imports. The Philippines (X units) ranks second in terms of the total imports with an 11% share, followed by Vietnam (10%), Thailand (6.2%) and Malaysia (5.3%). The following importers - Cambodia (X units) and Lao People's Democratic Republic (X units) - together made up 5.4% of total imports.

Imports into Indonesia decreased at an average annual rate of -6.8% from 2012 to 2021. At the same time, the Philippines (+31.2%), Cambodia (+30.9%), Thailand (+22.4%), Vietnam (+14.9%) and Lao People's Democratic Republic (+11.5%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +31.2% from 2012-2021. By contrast, Malaysia (-11.2%) illustrated a downward trend over the same period. While the share of the Philippines (+11 p.p.), Vietnam (+7.9 p.p.), Thailand (+5.4 p.p.), Cambodia (+3 p.p.) and Lao People's Democratic Republic (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-6.7 p.p.) and Indonesia (-25.3 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 80% of total imports. Thailand, Cambodia, Lao People's Democratic Republic and the Philippines lagged somewhat behind, together comprising a further 13%.

Cambodia, with a CAGR of +35.5%, recorded the highest growth rate of the value of imports, among 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 2021, dropping by -30.9% against the previous year. Overall, the import price, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2016 an increase of 70%. Over the period under review, import prices attained the maximum at $X per unit in 2020, and then shrank markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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