ASEAN: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in ASEAN

In 2022, the ASEAN non-numerically controlled lathe market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a abrupt decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Numerically Controlled Lathe Production in ASEAN

In value terms, non-numerically controlled lathe production contracted to $X in 2022 estimated in export price. In general, production recorded a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, non-numerically controlled laproduction attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Non-Numerically Controlled Lathe Exports

Exports in ASEAN

Non-numerically controlled lathe exports dropped notably to X units in 2022, which is down by X% against the previous year's figure. In general, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-numerically controlled lathe exports rose modestly to $X in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of non-numerically controlled horizontal lathes, for removing metal, namely Singapore, Malaysia and Thailand, represented more than two-thirds of total export. Vietnam (X units) and the Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest non-numerically controlled lathe supplying countries in ASEAN were Malaysia ($X), Singapore ($X) and Thailand ($X), together comprising X% 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, saw a mild descent. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while the Philippines ($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.

Non-Numerically Controlled Lathe Imports

Imports in ASEAN

In 2022, overseas purchases of non-numerically controlled horizontal lathes, for removing metal increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-numerically controlled lathe imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, non-numerically controlled laimports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X units) and Indonesia (X units) were the key importers of non-numerically controlled horizontal lathes, for removing metal in ASEAN, together making up X% of total imports. The Philippines (X units) took the next position in the ranking, followed by Malaysia (X units) and Vietnam (X units). All these countries together took near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Thailand ($X) constitutes the largest market for imported non-numerically controlled horizontal lathes, for removing metal in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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