South-Eastern Asia: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in South-Eastern Asia

The Southeast Asian gear cutting machine market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, recorded a perceptible contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gear Cutting Machine Production in South-Eastern Asia

In value terms, gear cutting machine production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Gear Cutting Machine Exports

Exports in South-Eastern Asia

In 2022, the amount of gear cutting, gear grinding or gear finishing machines exported in South-Eastern Asia skyrocketed to X units, growing by X% compared with the year before. In general, exports, however, showed a abrupt contraction. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gear cutting machine exports soared to $X in 2022. Overall, exports, however, showed a perceptible decrease. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X units) was the major exporter of gear cutting, gear grinding or gear finishing machines, creating X% of total exports. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by the Philippines (X%). Malaysia (X units) took a relatively small share of total exports.

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

In value terms, Singapore ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, showed a prominent expansion. The growth pace was the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 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 ($X per unit), while the Philippines ($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 mixed trends in the export price figures.

Gear Cutting Machine Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of gear cutting, gear grinding or gear finishing machines increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, gear cutting machine imports surged to $X in 2022. Overall, imports, however, continue to indicate a abrupt descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X units) was the main importer of gear cutting, gear grinding or gear finishing machines, making up X% of total imports. It was distantly followed by Singapore (X units), creating an X% share of total imports. Thailand (X units) held a little share of total imports.

The Philippines was also the fastest-growing in terms of the gear cutting, gear grinding or gear finishing machines imports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. By contrast, Thailand (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and the Philippines (X% per year).

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. Over the period under review, the import price recorded a precipitous shrinkage. The growth pace was the most rapid in 2017 when the import price increased by 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 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 Thailand ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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