ASEAN: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in ASEAN

The ASEAN appliance part brush market declined sharply to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Appliance Part Brush Production in ASEAN

In value terms, appliance part brush production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Appliance Part Brush Exports

Exports in ASEAN

In 2022, the amount of brushes constituting parts of appliances exported in ASEAN surged to X units, with an increase of X% against 2021 figures. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, appliance part brush exports dropped to $X in 2022. Over the period under review, exports showed prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Vietnam dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Malaysia (X units), comprising a X% share of total exports. Singapore (X units) and Thailand (X units) held a relatively small share of total exports.

Vietnam was also the fastest-growing in terms of the brushes constituting parts of appliances exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by X percentage points.

In value terms, Vietnam ($X) remains the largest appliance part brush supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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 Thailand ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Appliance Part Brush Imports

Imports in ASEAN

In 2022, after two years of growth, there was significant decline in supplies from abroad of brushes constituting parts of appliances, when their volume decreased by X% to X units. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, appliance part brush imports shrank to $X in 2022. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

The purchases of the four major importers of brushes constituting parts of appliances, namely Malaysia, Thailand, the Philippines and Vietnam, represented more than two-thirds of total import. It was distantly followed by Singapore (X units) and Indonesia (X units), together committing a X% share of total imports.

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

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Vietnam, with a CAGR of X%, 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 ASEAN stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform