ASEAN: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in ASEAN

In 2021, the ASEAN market for in-hand motor grinders, sanders and planers was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of In-Hand Motor Grinders, Sanders And Planers in ASEAN

In value terms, production of in-hand motor grinders, sanders and planers contracted remarkably to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.8% against 2013 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. As a result, production reached the peak level of $X, and then contracted rapidly in the following year.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in ASEAN

In 2021, after two years of growth, there was significant decline in overseas shipments of in-hand motor grinders, sanders and planers, when their volume decreased by -7.9% to X units. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 47% against the previous year. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, exports of in-hand motor grinders, sanders and planers fell notably to $X in 2021. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 130% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Malaysia was the key exporting country with an export of around X units, which resulted at 65% of total exports. Thailand (X units) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (7.7%).

From 2012 to 2021, average annual rates of growth with regard to electromechanical tools for working in the hand, with self-contained electric motor exports from Malaysia stood at +16.1%. At the same time, Thailand (+51.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +51.5% from 2012-2021. By contrast, Singapore (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and Malaysia increased by +24 and +14 percentage points, respectively.

In value terms, Malaysia ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in ASEAN, comprising 68% of total exports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total exports.

In Malaysia, exports of in-hand motor grinders, sanders and planers increased at an average annual rate of +18.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+30.6% per year) and Singapore (+1.8% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, dropping by -29.6% against the previous year. Export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for in-hand motor grinders, sanders and planers increased by +9.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 56% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in ASEAN

Imports of in-hand motor grinders, sanders and planers soared to X units in 2021, growing by 72% against 2020. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.7% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X units) and Vietnam (X units) represented roughly 58% of total imports in 2021. Thailand (X units) took the next position in the ranking, distantly followed by Indonesia (X units), the Philippines (X units) and Singapore (X units). All these countries together held near 39% share of total imports. Myanmar (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of +16.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. Malaysia, Singapore, the Philippines and Myanmar lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, the Philippines, with a CAGR of +13.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, dropping by -10.6% against the previous year. Over the period under review, the import price showed a noticeable decline. The growth pace was the most rapid in 2017 when the import price increased by 5.9% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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