ASEAN: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in ASEAN

In 2022, the ASEAN market for spray guns and similar appliances was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Spray Guns And Similar Appliances in ASEAN

In value terms, spray guns and similar appliances production expanded modestly to $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Spray Guns And Similar Appliances

Exports in ASEAN

After four years of growth, overseas shipments of spray guns and similar appliances decreased by X% to X units in 2022. In general, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then reduced notably in the following year.

In value terms, spray guns and similar appliances exports declined markedly to $X in 2022. Overall, exports, however, showed a modest increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

In 2022, Thailand (X units) represented the main exporter of spray guns and similar appliances, achieving X% of total exports. It was distantly followed by Malaysia (X units), Singapore (X units) and Vietnam (X units), together making up a X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (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. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.), Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

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

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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, falling by X% against the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood 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 Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Imports of Spray Guns And Similar Appliances

Imports in ASEAN

In 2022, the amount of spray guns and similar appliances imported in ASEAN shrank to X units, approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia was the main importing country with an import of around X units, which amounted to X% of total imports. Vietnam (X units) held the second position in the ranking, followed by Thailand (X units), Cambodia (X units) and Malaysia (X units). All these countries together held approx. X% share of total imports. The following importers - Singapore (X units) and the Philippines (X units) - together made up X% of total imports.

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

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

Cambodia, with a CAGR of X%, recorded 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, which is down by X% against the previous year. In general, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Cambodia ($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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