South-Eastern Asia: Winche And Capstan Market 2024

Winche And Capstan Market Size in South-Eastern Asia

In 2021, the Southeast Asian winche and capstan market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, continues to indicate a pronounced downturn. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Winche And Capstan Production in South-Eastern Asia

In value terms, winche and capstan production reached $X in 2021 estimated in export price. Overall, production enjoyed noticeable growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 155% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Winche And Capstan Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of winches and capstans increased by 46% to X units, rising for the third year in a row after two years of decline. Overall, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 59% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, winche and capstan exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 38%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia was the key exporting country with an export of about X units, which recorded 58% of total exports. Thailand (X units) ranks second in terms of the total exports with a 24% share, followed by Singapore (11%). Malaysia (X units) and the Philippines (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to winche and capstan exports from Indonesia stood at -15.1%. At the same time, the Philippines (+101.6%) and Thailand (+10.5%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +101.6% from 2012-2021. By contrast, Malaysia (-4.7%) and Singapore (-10.9%) illustrated a downward trend over the same period. While the share of Thailand (+21 p.p.), the Philippines (+2.2 p.p.) and Malaysia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-25.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest winche and capstan supplier in South-Eastern Asia, comprising 42% of total exports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total exports. It was followed by Thailand, with a 19% share.

From 2012 to 2021, the average annual growth rate of value in Singapore totaled -11.7%. In the other countries, the average annual rates were as follows: Malaysia (-3.0% per year) and Thailand (+6.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, shrinking by -12.8% against the previous year. Overall, the export price, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2013 an increase of 296% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Winche And Capstan Imports

Imports in South-Eastern Asia

In 2021, imports of winches and capstans in South-Eastern Asia skyrocketed to X units, with an increase of 22% compared with 2020 figures. Overall, imports, however, recorded a abrupt shrinkage. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, winche and capstan imports rose markedly to $X in 2021. Over the period under review, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2019 when imports increased by 34%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia represented the key importing country with an import of around X units, which recorded 41% of total imports. Vietnam (X units) took the second position in the ranking, distantly followed by Singapore (X units) and Thailand (X units). All these countries together took near 50% share of total imports. The following importers - Cambodia (X units) and the Philippines (X units) - together made up 7.1% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 75% of total imports. Thailand, the Philippines and Cambodia lagged somewhat behind, together accounting for a further 13%.

In terms of the main importing countries, Cambodia, with a CAGR of +11.2%, 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 unit in 2021, declining by -7% against the previous year. In general, the import price saw a perceptible curtailment. The growth pace was the most rapid in 2018 an increase of 26%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :