South-Eastern Asia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in South-Eastern Asia

The Southeast Asian wood drilling machine market expanded notably to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate a resilient increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Wood Drilling Machine Production in South-Eastern Asia

In value terms, wood drilling machine production fell markedly to $X in 2022 estimated in export price. In general, production, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Wood Drilling Machine Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of drilling or morticing machines increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports showed a prominent increase. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports contracted dramatically to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of drilling or morticing machines, namely Singapore, represented more than two-thirds of total export.

Singapore was also the fastest-growing in terms of the drilling or morticing machines exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Singapore increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) also remains the largest wood drilling machine supplier in South-Eastern Asia.

In Singapore, wood drilling machine exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then contracted notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Wood Drilling Machine Imports

Imports in South-Eastern Asia

Wood drilling machine imports surged to X units in 2022, increasing by X% on 2021. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, wood drilling machine imports rose modestly to $X in 2022. In general, imports showed buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X units) represented the key importer of drilling or morticing machines, making up X% of total imports. The Philippines (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%) and Malaysia (X%). Indonesia (X units) followed a long way behind the leaders.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, the largest wood drilling machine importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and the Philippines ($X), with a combined X% share of total imports.

The Philippines, with a CAGR of X%, saw the highest growth rate of 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 unit in 2022, reducing by X% against the previous year. In general, the import price saw a deep contraction. The growth pace was the most rapid in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained 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 Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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