South-Eastern Asia: Power Tool Market 2024

Power Tool Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian power tool market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell slightly in the following year.

Power Tool Production in South-Eastern Asia

In value terms, power tool production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Power Tool Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in shipments abroad of power tools, which increased by X% to X units in 2022. In general, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, power tool exports skyrocketed to $X in 2022. Overall, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam was the largest exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Malaysia (X units), creating a X% share of total exports. The following exporters - Singapore (X units) and Thailand (X units) - each finished at an X% share of total exports.

Vietnam was also the fastest-growing in terms of the power tools exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Thailand increased by X and X percentage points, respectively.

In value terms, Vietnam ($X) emerged as the largest power tool supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Vietnam, power tool exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price 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, power tool export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while Malaysia ($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 more modest paces of growth.

Power Tool Imports

Imports in South-Eastern Asia

In 2022, approx. X units of power tools were imported in South-Eastern Asia; picking up by X% against the year before. Total imports indicated strong growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, power tool imports fell to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Thailand (X units), distantly followed by Singapore (X units), Malaysia (X units), the Philippines (X units), Indonesia (X units) and Vietnam (X units) represented the largest importers of power tools, together committing X% of total imports. Myanmar (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Myanmar, 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, declining by X% against the previous year. Overall, the import price recorded a perceptible setback. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit 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 Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :