South-Eastern Asia: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in South-Eastern Asia

The Southeast Asian cranks and crankshafts market fell modestly to $X in 2022, standing approx. at the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Cranks And Crankshafts Production in South-Eastern Asia

In value terms, cranks and crankshafts production dropped slightly to $X in 2022 estimated in export price. Overall, production showed a slight decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Cranks And Crankshafts Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of cranks and crankshafts increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, cranks and crankshafts exports rose slightly to $X in 2022. Total exports indicated a buoyant expansion 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 pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X tons) was the major exporter of cranks and crankshafts, constituting X% of total exports. It was distantly followed by Indonesia (X tons), Vietnam (X tons), Singapore (X tons), Malaysia (X tons) and the Philippines (X tons), together making up a X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), the Philippines (X%), Singapore (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cranks and crankshafts supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), together comprising X% of total exports.

Vietnam, with a CAGR of X%, saw 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 South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 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 ($X per ton), while Thailand ($X per ton) 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 more modest paces of growth.

Cranks And Crankshafts Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of cranks and crankshafts increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, cranks and crankshafts imports reached $X in 2022. Overall, imports, however, continue to indicate a slight setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand represented the major importer of cranks and crankshafts in South-Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%). The following importers - Singapore (X tons), Malaysia (X tons) and the Philippines (X tons) - together made up X% of total imports.

Thailand was also the fastest-growing in terms of the cranks and crankshafts imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

The Philippines, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton 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 ($X per ton), while Thailand ($X per ton) 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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