ASEAN: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in ASEAN

The ASEAN market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in ASEAN

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 160% against the previous year. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports in ASEAN

In 2022, shipments abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 49% to X units, rising for the second year in a row after four years of decline. In general, exports, however, continue to indicate a perceptible decline. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore represented the major exporter of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA in ASEAN, with the volume of exports recording X units, which was approx. 65% of total exports in 2022. Vietnam (X units) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (10%) and Thailand (6.2%).

From 2012 to 2022, average annual rates of growth with regard to diesel or semi-diesel electric generating set of output over X kVA but under X kVA exports from Singapore stood at -5.1%. At the same time, Vietnam (+22.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +22.7% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-11.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Thailand increased by +15 and +2.3 percentage points, respectively.

In value terms, Singapore ($X) remains the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier in ASEAN, comprising 61% of total exports. The second position in the ranking was held by Vietnam ($X), with a 19% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to -10.5%. In the other countries, the average annual rates were as follows: Vietnam (+21.7% per year) and Malaysia (-8.4% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, reducing by -12.2% against the previous year. In general, the export price saw a perceptible slump. The pace of growth was the most pronounced in 2015 when the export price increased by 25%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%), while the other leaders experienced a decline in the export price figures.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports in ASEAN

In 2022, after two years of decline, there was significant growth in purchases abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, when their volume increased by 54% to X units. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022. Over the period under review, imports showed a slight increase. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines represented the largest importing country with an import of about X units, which recorded 46% of total imports. Indonesia (X units) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (9.5%), Vietnam (5.8%), Myanmar (5.2%) and Malaysia (4.7%). Thailand (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +37.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported diesel or semi-diesel electric generating sets of output over X kVA but under X kVA in ASEAN, comprising 39% of total imports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total imports. It was followed by the Philippines, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to +5.4%. In the other countries, the average annual rates were as follows: Singapore (-5.7% per year) and the Philippines (+10.3% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, rising by 2.2% against the previous year. Overall, the import price, however, showed a noticeable contraction. The growth pace was the most rapid in 2020 an increase of 29%. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the Philippines ($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 (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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