South-Eastern Asia: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in South-Eastern Asia

The Southeast Asian electric soldering iron market reduced dramatically to $X in 2023, falling by X% against the previous year. In general, consumption, however, continues to indicate a measured increase. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market remained at a somewhat lower figure.

Electric Soldering Iron Production in South-Eastern Asia

In value terms, electric soldering iron production reduced slightly to $X in 2023 estimated in export price. Over the period under review, production posted a mild expansion. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

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Electric Soldering Iron Exports

Exports in South-Eastern Asia

In 2023, approx. X units of electric soldering irons and guns were exported in South-Eastern Asia; dropping by X% on 2022. Overall, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, electric soldering iron exports reduced to $X in 2023. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

Malaysia (X units) and Thailand (X units) dominates exports structure, together making up X% of total exports. It was distantly followed by Indonesia (X units), mixing up a X% share of total exports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest electric soldering iron supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Singapore ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per unit, rising by X% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Electric Soldering Iron Imports

Imports in South-Eastern Asia

Electric soldering iron imports dropped to X units in 2023, shrinking by X% against the previous year's figure. Total imports indicated a modest expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, electric soldering iron imports contracted dramatically to $X in 2023. Over the period under review, imports, however, continue to indicate noticeable growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X units) and Malaysia (X units) represented roughly X% of total imports in 2023. Vietnam (X units) ranks next in terms of the total imports with a X% share, followed by the Philippines (X%). Singapore (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric soldering iron importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total imports.

Vietnam, 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

In 2023, the import price in South-Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform