South-Eastern Asia: Vacuum Vessel Market 2024

Vacuum Vessel Market Size in South-Eastern Asia

The Southeast Asian vacuum vessel market expanded remarkably to $X in 2022, increasing by 10% against the previous year. Over the period under review, consumption enjoyed a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Vacuum Vessel Production in South-Eastern Asia

In value terms, vacuum vessel production rose rapidly to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +80.9% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. The level of production peaked in 2022 and is likely to see steady growth in the near future.

Vacuum Vessel Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of vacuum vessels increased by 24% to X units, rising for the second year in a row after two years of decline. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 29% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, vacuum vessel exports rose rapidly to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.3% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 23%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of vacuum vessels, namely Thailand, the Philippines, Singapore and Malaysia, represented more than two-thirds of total export. It was distantly followed by Vietnam (X units), mixing up a 6.9% share of total exports. Indonesia (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +71.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum vessel supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and the Philippines ($X), together accounting for 78% of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of +100.4%, 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, reducing by -14.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 17%. As a result, the export price reached the peak level of $X per unit. From 2017 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 Vietnam ($X per unit), while Indonesia ($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 (+16.8%), while the other leaders experienced more modest paces of growth.

Vacuum Vessel Imports

Imports in South-Eastern Asia

In 2022, the amount of vacuum vessels imported in South-Eastern Asia surged to X units, rising by 19% on the previous year's figure. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +43.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, vacuum vessel imports soared to $X in 2022. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

The countries with the highest levels of vacuum vessel imports in 2022 were Indonesia (X units), Thailand (X units) and Vietnam (X units), together amounting to 68% of total import. The Philippines (X units) took a 9.3% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (8.7%), Malaysia (6.3%) and Myanmar (5.9%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported vacuum vessels in South-Eastern Asia, comprising 47% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 13% share of total imports. It was followed by Singapore, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +29.4%. In the other countries, the average annual rates were as follows: the Philippines (+25.1% per year) and Singapore (+12.7% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2019 when the import price increased by 28%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($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 (+31.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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