ASEAN: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in ASEAN

The ASEAN cranks and crankshafts market reduced modestly to $X in 2022, flattening at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Cranks And Crankshafts Production in ASEAN

In value terms, cranks and crankshafts production fell modestly to $X in 2022 estimated in export price. Overall, production showed a slight decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Cranks And Crankshafts Exports

Exports in ASEAN

In 2022, shipments abroad of cranks and crankshafts increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cranks and crankshafts exports expanded slightly to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. Indonesia (X tons) took the second position in the ranking, followed by Vietnam (X tons), Singapore (X tons), Malaysia (X tons) and the Philippines (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cranks and crankshafts exports from Thailand stood at X%. At the same time, Vietnam (X%), the Philippines (X%), Singapore (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.), Singapore (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cranks and crankshafts supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Indonesia ($X), together accounting for X% of total exports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 2022, the export price in ASEAN amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

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

Cranks And Crankshafts Imports

Imports in ASEAN

In 2022, overseas purchases of cranks and crankshafts increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, cranks and crankshafts imports expanded markedly to $X in 2022. Overall, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand represented the key importer of cranks and crankshafts in ASEAN, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Indonesia (X tons) and Vietnam (X tons), together committing a X% share of total imports. The following importers - Singapore (X tons), Malaysia (X tons) and the Philippines (X tons) - together made up X% of total imports.

Thailand was also the fastest-growing in terms of the cranks and crankshafts imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cranks and crankshafts importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total imports. Singapore, Malaysia and the Philippines lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to 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 ton in 2022, shrinking by X% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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