South-Eastern Asia: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in South-Eastern Asia

The Southeast Asian market for spray guns and similar appliances was estimated at $X in 2022, rising by 11% against the previous year. In general, consumption saw a slight setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Spray Guns And Similar Appliances in South-Eastern Asia

In value terms, spray guns and similar appliances production expanded sharply to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +42.8% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 64% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports in South-Eastern Asia

After two years of growth, shipments abroad of spray guns and similar appliances decreased by -13.7% to X units in 2022. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, spray guns and similar appliances exports declined to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Thailand represented the main exporting country with an export of around X units, which accounted for 68% of total exports. Malaysia (X units) took the second position in the ranking, followed by Singapore (X units). All these countries together took near 27% share of total exports. Vietnam (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spray guns and similar appliances exports from Thailand stood at +14.6%. At the same time, Vietnam (+18.5%) and Singapore (+2.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +18.5% from 2012-2022. Malaysia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Thailand and Vietnam increased by +34 and +2.3 percentage points, respectively.

In value terms, the largest spray guns and similar appliances supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), with a combined 89% share of total exports. Vietnam lagged somewhat behind, comprising a further 4.9%.

In terms of the main exporting countries, Vietnam, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, leveling off at the previous year. In general, the export price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the export price increased by 23% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, 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 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 (+1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Spray Guns And Similar Appliances

Imports in South-Eastern Asia

In 2022, the amount of spray guns and similar appliances imported in South-Eastern Asia declined to X units, waning by -8% against 2021 figures. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2014 indices. The pace of growth was the most pronounced in 2016 with an increase of 16% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then declined in the following year.

In value terms, spray guns and similar appliances imports shrank to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Indonesia (X units) and Vietnam (X units) were the major importers of spray guns and similar appliances in South-Eastern Asia, together finishing at near 65% of total imports. Malaysia (X units) ranks next in terms of the total imports with a 14% share, followed by Thailand (12%). The following importers - Cambodia (X units), Singapore (X units) and the Philippines (X units) - together made up 7.4% of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +20.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spray guns and similar appliances importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Malaysia ($X), together accounting for 77% of total imports. Indonesia, Singapore, the Philippines and Cambodia lagged somewhat behind, together comprising a further 21%.

In terms of the main importing countries, the Philippines, with a CAGR of +22.2%, saw 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

The import price in South-Eastern Asia stood at $X per unit in 2022, reducing by -4.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 7.8%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Thailand ($X per unit), while Indonesia ($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 (+24.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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