ASEAN: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in ASEAN

In 2022, after two years of growth, there was decline in the ASEAN numerically controlled drilling machine market, when its value decreased by X% to $X. Over the period under review, consumption saw a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in ASEAN

In value terms, numerically controlled drilling machine production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in ASEAN

In 2022, the amount of numerically controlled drilling machines for working metal exported in ASEAN soared to X units, increasing by X% on 2021 figures. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports dropped to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore was the largest exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Myanmar (X units), creating a X% share of total exports. Indonesia (X units), Thailand (X units) and Vietnam (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to numerically controlled drilling machine exports from Singapore stood at X%. At the same time, Vietnam (X%), Indonesia (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. Myanmar experienced a relatively flat trend pattern. From 2012 to 2022, the share of Myanmar increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) emerged as the largest numerically controlled drilling machine supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in ASEAN

In 2022, overseas purchases of numerically controlled drilling machines for working metal decreased by X% to X units, falling for the fourth year in a row after three years of growth. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports reduced to $X in 2022. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of numerically controlled drilling machines for working metal, namely Singapore, Malaysia and the Philippines, represented more than half of total import. It was distantly followed by Vietnam (X units), Indonesia (X units), Thailand (X units) and Myanmar (X units), together comprising a X% share of total imports.

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

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Indonesia, the Philippines, Singapore and Myanmar lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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