ASEAN: Mechano-Therapy Appliances Market 2024

Mechano-Therapy Appliances Market Size in ASEAN

In 2022, the ASEAN mechano-therapy appliances market increased by X% to $X, rising for the sixth year in a row after four years of decline. Overall, consumption saw a resilient expansion. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Mechano-Therapy Appliances Production in ASEAN

In value terms, mechano-therapy appliances production stood at $X in 2022 estimated in export price. In general, production recorded a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Mechano-Therapy Appliances Exports

Exports in ASEAN

In 2022, mechano-therapy appliances exports in ASEAN contracted to X units, shrinking by X% against 2021. Overall, exports saw a mild setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechano-therapy appliances exports fell significantly to $X in 2022. In general, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X units) represented the main exporter of mechano-therapy appliances and massage apparatus, committing X% of total exports. It was distantly followed by Malaysia (X units), Thailand (X units) and Vietnam (X units), together committing a X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mechano-therapy appliances exports from Singapore stood at X%. At the same time, Vietnam (X%) and Thailand (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 Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.), Singapore (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, the largest mechano-therapy appliances supplying countries in ASEAN were Singapore ($X), Thailand ($X) and Vietnam ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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, reducing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($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 more modest paces of growth.

Mechano-Therapy Appliances Imports

Imports in ASEAN

In 2022, the amount of mechano-therapy appliances and massage apparatus imported in ASEAN skyrocketed to X units, growing by X% on the previous year. Total imports indicated a moderate 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, mechano-therapy appliances imports skyrocketed to $X in 2022. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Malaysia (X units) and Vietnam (X units) represented roughly X% of total imports in 2022. Singapore (X units) ranks next in terms of the total imports with a X% share, followed by Thailand (X%) and Indonesia (X%). The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported mechano-therapy appliances and massage apparatus in ASEAN, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In Vietnam, mechano-therapy appliances imports expanded 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: Malaysia (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, increasing by X% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price 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, mechano-therapy appliances import price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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