ASEAN: Loading Machinery Market 2024

Loading Machinery Market Size in ASEAN

The ASEAN loading machinery market was estimated at $X.1B in 2022, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a remarkable increase. The level of consumption peaked at $X.1B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Loading Machinery Production in ASEAN

In value terms, loading machinery production rose slightly to $X.6B in 2022 estimated in export price. Overall, production, however, saw a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Loading Machinery Exports

Exports in ASEAN

For the third consecutive year, ASEAN recorded growth in overseas shipments of lifting, handling, loading or unloading machinery, which increased by X% to X units in 2022. Over the period under review, exports posted a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, loading machinery exports rose slightly to $X in 2022. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore was the main exporting country with an export of about X units, which recorded X% of total exports. Thailand (X units) took the second position in the ranking, followed by Malaysia (X units) and Vietnam (X units). All these countries together held near X% share of total exports.

Singapore was also the fastest-growing in terms of the lifting, handling, loading or unloading machinery exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Malaysia 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, the largest loading machinery supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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 unit, waning by X% against the previous year. In general, the export price continues to indicate a perceptible slump. The growth pace was the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 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 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 a decline in the export price figures.

Loading Machinery Imports

Imports in ASEAN

In 2022, loading machinery imports in ASEAN soared to X units, increasing by X% on the previous year's figure. Overall, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, loading machinery imports surged to $X in 2022. Total imports 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X units) and Singapore (X units) were the largest importers of lifting, handling, loading or unloading machinery in ASEAN, together committing X% of total imports. Malaysia (X units) held the next position in the ranking, distantly followed by Indonesia (X units) and the Philippines (X units). All these countries together took approx. X% share of total imports. Vietnam (X units) followed a long way behind the leaders.

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

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

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw 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

The import price in ASEAN stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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