South-Eastern Asia: Market for Vacuum Cleaners With Motor 2025

Market Size for Vacuum Cleaners With Motor in South-Eastern Asia

The Southeast Asian vacuum cleaner with motor market fell dramatically to $X in 2021, reducing by -18.7% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Production of Vacuum Cleaners With Motor in South-Eastern Asia

In value terms, vacuum cleaner with motor production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Vacuum Cleaners With Motor

Exports in South-Eastern Asia

In 2021, exports of vacuum cleaners with motor in South-Eastern Asia skyrocketed to X tons, with an increase of 16% compared with the previous year. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.2% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 20%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, vacuum cleaner with motor exports skyrocketed to $X in 2021. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) and Vietnam (X tons) prevails in exports structure, together generating 93% of total exports. Indonesia (X tons) and Singapore (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +93.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Vietnam ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 96% share of total exports. These countries were followed by Indonesia, which accounted for a further 1.7%.

Indonesia, with a CAGR of +101.6%, saw the highest growth rate of 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, with an increase of 3.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2017 an increase of 32%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.8%), while the other leaders experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in purchases abroad of vacuum cleaners with motor, when their volume increased by 17% to X tons. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 36%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports soared to $X in 2021. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 66%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Singapore (X tons), distantly followed by Indonesia (X tons), Thailand (X tons), Vietnam (X tons), Malaysia (X tons) and the Philippines (X tons) represented the major importers of vacuum cleaners with motor, together making up 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +17.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum cleaner with motor importing markets in South-Eastern Asia were Singapore ($X), Thailand ($X) and Indonesia ($X), together accounting for 72% of total imports. These countries were followed by Vietnam, Malaysia and the Philippines, which together accounted for a further 27%.

In terms of the main importing countries, Vietnam, with a CAGR of +20.6%, 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 2021, the import price in South-Eastern Asia amounted to $X per ton, surging by 5.1% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price 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, vacuum cleaner with motor import price increased by +70.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 22%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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 Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :