ASEAN: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in ASEAN

The ASEAN way-type unit head market reduced remarkably to $X in 2021, declining by -32.7% against the previous year. Overall, consumption, however, recorded a strong expansion. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

Way-Type Unit Head Production in ASEAN

In value terms, way-type unit head production contracted dramatically to $X in 2021 estimated in export price. Overall, production, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 224%. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Way-Type Unit Head Exports

Exports in ASEAN

In 2021, exports of way-type unit heads for working metal in ASEAN dropped remarkably to X tons, which is down by -33.7% compared with the previous year's figure. Over the period under review, exports saw a noticeable descent. The pace of growth appeared the most rapid in 2013 when exports increased by 85%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, way-type unit head exports shrank rapidly to $X in 2021. In general, exports saw a noticeable reduction. The growth pace was the most rapid in 2017 when exports increased by 70%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Singapore (X tons) was the largest exporter of way-type unit heads for working metal, achieving 66% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 13% share, followed by the Philippines (12%) and Thailand (5.2%). Indonesia (X kg) held a relatively small share of total exports.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of way-type unit heads for working metal. At the same time, the Philippines (+5.3%) and Malaysia (+4.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +5.3% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Indonesia (-30.0%) illustrated a downward trend over the same period. While the share of Singapore (+15 p.p.), the Philippines (+6.7 p.p.) and Malaysia (+6.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-29.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest way-type unit head supplier in ASEAN, comprising 71% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 19% share of total exports. It was followed by Thailand, with a 3.6% share.

In Singapore, way-type unit head exports contracted by an average annual rate of -2.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+14.5% per year) and Thailand (-8.0% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, with a decrease of -20% against the previous year. In general, the export price recorded a mild setback. The pace of growth was the most pronounced in 2014 an increase of 23%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, 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 Malaysia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.9%), while the other leaders experienced mixed trends in the export price figures.

Way-Type Unit Head Imports

Imports in ASEAN

In 2021, overseas purchases of way-type unit heads for working metal were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 90%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, way-type unit head imports contracted remarkably to $X in 2021. Overall, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by 62%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia was the major importer of way-type unit heads for working metal in ASEAN, with the volume of imports amounting to X tons, which was approx. 59% of total imports in 2021. It was distantly followed by Vietnam (X tons), comprising a 31% share of total imports. The following importers - Thailand (X tons) and Malaysia (X tons) - together made up 7.1% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +15.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X) constitutes the largest market for imported way-type unit heads for working metal in ASEAN, comprising 65% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 23% share of total imports. It was followed by Malaysia, with a 4.1% share.

In Vietnam, way-type unit head imports expanded at an average annual rate of +12.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (-18.4% per year) and Malaysia (-16.4% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, reducing by -42.5% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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