ASEAN: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in ASEAN

The ASEAN gear cutting machine market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a noticeable decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Gear Cutting Machine Production in ASEAN

In value terms, gear cutting machine production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Gear Cutting Machine Exports

Exports in ASEAN

In 2022, the amount of gear cutting, gear grinding or gear finishing machines exported in ASEAN skyrocketed to X units, increasing by X% against 2021. Overall, exports, however, recorded a deep downturn. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gear cutting machine exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible setback. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Singapore (X units) represented the main exporter of gear cutting, gear grinding or gear finishing machines, mixing up X% of total exports. Thailand (X units) took the second position in the ranking, followed by the Philippines (X units). All these countries together held near X% share of total exports. Malaysia (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gear cutting machine exports from Singapore stood at X%. At the same time, Thailand (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest gear cutting machine supplying countries in ASEAN were Singapore ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

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

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

Gear Cutting Machine Imports

Imports in ASEAN

After two years of decline, purchases abroad of gear cutting, gear grinding or gear finishing machines increased by X% to X units in 2022. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gear cutting machine imports surged to $X in 2022. In general, imports, however, showed a deep setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines was the major importing country with an import of about X units, which accounted for X% of total imports. It was distantly followed by Singapore (X units), generating an X% share of total imports. Thailand (X units) took a little share of total imports.

The Philippines was also the fastest-growing in terms of the gear cutting, gear grinding or gear finishing machines imports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. By contrast, Thailand (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports.

In Thailand, gear cutting machine imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price saw a sharp setback. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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