Asia-Pacific: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Asia-Pacific

In 2022, the Asia-Pacific wood bending machine market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wood Bending Machine Production in Asia-Pacific

In value terms, wood bending machine production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Wood Bending Machine Exports

Exports in Asia-Pacific

In 2022, shipments abroad of bending or assembling machines increased by X% to X units, rising for the seventh consecutive year after two years of decline. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, wood bending machine exports rose modestly to $X in 2022. Total exports indicated resilient growth 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units) was the major exporter of bending or assembling machines, comprising X% of total exports. Malaysia (X units) ranks second in terms of the total exports with a X% share, followed by Singapore (X%).

China was also the fastest-growing in terms of the bending or assembling machines exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest wood bending machine supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 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 China ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Wood Bending Machine Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of bending or assembling machines increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood bending machine imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India was the key importing country with an import of about X units, which finished at X% of total imports. Malaysia (X units) ranks second in terms of the total imports with an X% share, followed by the Philippines (X%), Australia (X%), Singapore (X%), Vietnam (X%) and Pakistan (X%).

From 2012 to 2022, average annual rates of growth with regard to wood bending machine imports into India stood at X%. At the same time, the Philippines (X%), Pakistan (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Australia (X%), Singapore (X%) and Vietnam (X%) illustrated a downward trend over the same period. India (X p.p.), the Philippines (X p.p.), Malaysia (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Vietnam saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood bending machine importing markets in Asia-Pacific were Australia ($X), Vietnam ($X) and India ($X), together comprising X% of total imports. Malaysia, Singapore, the Philippines and Pakistan lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, saw 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

The import price in Asia-Pacific stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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