South-Eastern Asia: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in South-Eastern Asia

The Southeast Asian machinery electrical parts market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Machinery Electrical Parts Production in South-Eastern Asia

In value terms, machinery electrical parts production shrank to $X in 2022 estimated in export price. In general, production saw a noticeable setback. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Machinery Electrical Parts Exports

Exports in South-Eastern Asia

In 2022, the amount of electrical parts of machinery or apparatus exported in South-Eastern Asia declined slightly to X tons, which is down by X% compared with 2021. Overall, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, machinery electrical parts exports reduced to $X in 2022. In general, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia represented the major exporter of electrical parts of machinery or apparatus in South-Eastern Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Singapore (X tons) held the second position in the ranking, distantly followed by Thailand (X tons) and Vietnam (X tons). All these countries together took near X% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Vietnam, with a CAGR of X%, recorded 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 mixed trends in the exports figures.

Export Prices by Country

The export 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 export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Thailand ($X per ton), while Malaysia ($X per ton) 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.

Machinery Electrical Parts Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of electrical parts of machinery or apparatus decreased by X% to X tons in 2022. Overall, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, machinery electrical parts imports dropped remarkably to $X in 2022. In general, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia represented the key importer of electrical parts of machinery or apparatus in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Thailand (X tons) took the second position in the ranking, followed by Vietnam (X tons) and Singapore (X tons). All these countries together took near X% share of total imports. The Philippines (X tons) held a little share of total imports.

Malaysia was also the fastest-growing in terms of the electrical parts of machinery or apparatus imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Thailand (X%), Vietnam (X%) and Singapore (X%) displayed positive paces of growth. From 2012 to 2022, the share of Malaysia, Thailand and the Philippines increased by X, X and X percentage points, respectively.

In value terms, the largest machinery electrical parts importing markets in South-Eastern Asia were Vietnam ($X), Singapore ($X) and Malaysia ($X), together accounting for X% of total imports. The Philippines and Thailand lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :