South-Eastern Asia: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in South-Eastern Asia

In 2022, the Southeast Asian gearboxes and speed changers market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a mild curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Gearboxes and Speed Changers in South-Eastern Asia

In value terms, gearboxes and speed changers production rose markedly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Gearboxes and Speed Changers

Exports in South-Eastern Asia

In 2022, shipments abroad of gearboxes and speed changers increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, gearboxes and speed changers exports soared to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Indonesia (X tons), Singapore (X tons), Thailand (X tons), Vietnam (X tons) and the Philippines (X tons) was the key exporter of gearboxes and speed changers in South-Eastern Asia, committing X% of total export. It was distantly followed by Malaysia (X tons), generating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest gearboxes and speed changers supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Vietnam ($X), with a combined X% share of total exports. Indonesia, the Philippines and Malaysia lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while Indonesia ($X per ton) 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 more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports in South-Eastern Asia

In 2022, supplies from abroad of gearboxes and speed changers increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, gearboxes and speed changers imports rose sharply to $X in 2022. In general, imports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia was the major importer of gearboxes and speed changers in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Thailand (X tons) took the second position in the ranking, distantly followed by Vietnam (X tons), Malaysia (X tons), Singapore (X tons) and the Philippines (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gearboxes and speed changers imports into Indonesia stood at X%. At the same time, the Philippines (X%), Vietnam (X%), Thailand (X%) and Malaysia (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, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Vietnam, the Philippines and Malaysia increased by X, X, X and X percentage points, respectively.

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

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 ton in 2022, flattening at the previous year. Over the period under review, the import price recorded a slight shrinkage. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood 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 ($X per ton), while Indonesia ($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 more modest paces of growth.

Source: IndexBox Platform

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