ASEAN: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in ASEAN

The ASEAN filling containers machinery market expanded significantly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Filling Containers Machinery Production in ASEAN

In value terms, filling containers machinery production stood at $X in 2022 estimated in export price. Overall, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Filling Containers Machinery Exports

Exports in ASEAN

In 2022, exports of machinery for filling, closing, sealing, capsuling or labelling containers in ASEAN reduced to X units, waning by X% compared with the previous year. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, filling containers machinery exports totaled $X in 2022. In general, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X units) was the largest exporter of machinery for filling, closing, sealing, capsuling or labelling containers, making up X% of total exports. Thailand (X units) ranks second in terms of the total exports with an X% share, followed by Vietnam (X%), Malaysia (X%) and Indonesia (X%).

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Indonesia (X%), Thailand (X%) and Malaysia (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. While the share of Thailand (X p.p.), Vietnam (X p.p.), Indonesia (X p.p.) and Malaysia (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, the largest filling containers machinery supplying countries in ASEAN were Thailand ($X), Singapore ($X) and Malaysia ($X), together comprising X% of total exports. Vietnam and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Vietnam, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a 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 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 Singapore (X%), while the other leaders experienced a decline in the export price figures.

Filling Containers Machinery Imports

Imports in ASEAN

In 2022, after three years of decline, there was significant growth in supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers, when their volume increased by X% to X units. Total imports indicated a modest expansion 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. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, filling containers machinery imports expanded sharply to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X units) was the major importer of machinery for filling, closing, sealing, capsuling or labelling containers, achieving X% of total imports. It was distantly followed by Indonesia (X units), Malaysia (X units) and the Philippines (X units), together creating a X% share of total imports. The following importers - Thailand (X units), Vietnam (X units) and Myanmar (X units) - each accounted for a X% share of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of machinery for filling, closing, sealing, capsuling or labelling containers. At the same time, Myanmar (X%), the Philippines (X%), Indonesia (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. The Philippines (X p.p.), Indonesia (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and Singapore 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 filling containers machinery importing markets in ASEAN were Thailand ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total imports. Singapore, Malaysia, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in ASEAN amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs 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 ($X per unit), while Singapore ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :