ASEAN: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in ASEAN

The ASEAN machine-tool for removing material market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a strong increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in ASEAN

In value terms, machine-tool for removing material production declined to $X in 2022 estimated in export price. In general, production, however, recorded a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in ASEAN

In 2022, approx. X units of machine-tools for working any material by removal of material were exported in ASEAN; approximately reflecting the previous year. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, machine-tool for removing material exports dropped sharply to $X in 2022. Over the period under review, exports, however, showed a mild setback. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. The following exporters - Thailand (X units) and the Philippines (X units) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for removing material exports from Singapore stood at X%. At the same time, the Philippines (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Thailand ($X) and the Philippines ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in ASEAN

For the fourth consecutive year, ASEAN recorded growth in supplies from abroad of machine-tools for working any material by removal of material, which increased by X% to X units in 2022. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The Philippines (X units) and Thailand (X units) represented the major importers of machine-tools for working any material by removal of material in 2022, accounting for near X% and X% of total imports, respectively. It was distantly followed by Singapore (X units) and Vietnam (X units), together achieving a X% share of total imports. The following importers - Malaysia (X units) and Myanmar (X units) - together made up X% of total imports.

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, the Philippines ($X), Vietnam ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, growing by X% against the previous year. Overall, the import price posted slight growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Myanmar ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :