ASEAN: Hydraulic Press Market 2024

Hydraulic Press Market Size in ASEAN

The ASEAN hydraulic press market dropped remarkably to $X in 2022, reducing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021, and then contracted significantly in the following year.

Hydraulic Press Production in ASEAN

In value terms, hydraulic press production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Hydraulic Press Exports

Exports in ASEAN

Hydraulic press exports soared to X units in 2022, growing by X% against 2021 figures. Total exports indicated a strong increase from 2012 to 2022: its volume 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 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, hydraulic press exports declined remarkably to $X in 2022. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Singapore prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X units), committing an X% share of total exports. Thailand (X units) and Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hydraulic press exports from Singapore stood at X%. At the same time, Vietnam (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. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest hydraulic press supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

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

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 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 ($X per unit), while Singapore ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Hydraulic Press Imports

Imports in ASEAN

Hydraulic press imports shrank remarkably to X units in 2022, falling by X% compared with the year before. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic press imports plummeted to $X in 2022. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of hydraulic presses for working metal, namely Singapore, the Philippines, Malaysia and Indonesia, represented more than two-thirds of total import. It was distantly followed by Vietnam (X units), achieving a X% share of total imports. Myanmar (X units) followed a long way behind the leaders.

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

In value terms, Vietnam ($X) constitutes the largest market for imported hydraulic presses for working metal in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

In Vietnam, hydraulic press imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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