South-Eastern Asia: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in South-Eastern Asia

The Southeast Asian hydraulic cylinder and system market shrank slightly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Hydraulic Cylinders And Systems in South-Eastern Asia

In value terms, hydraulic cylinder and system production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2021, and then declined in the following year.

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

Exports of Hydraulic Cylinders And Systems

Exports in South-Eastern Asia

In 2022, overseas shipments of hydraulic cylinders and systems increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, hydraulic cylinder and system exports surged to $X in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X units) represented the main exporter of hydraulic cylinders and systems, constituting X% of total exports. It was distantly followed by Singapore (X units) and Indonesia (X units), together creating a X% share of total exports. The Philippines (X units), Vietnam (X units) and Malaysia (X units) held a relatively small share of total exports.

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

In value terms, Singapore ($X) remains the largest hydraulic cylinder and system supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Indonesia, with an X% share.

In Singapore, hydraulic cylinder and system exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 the Philippines ($X per unit), while Thailand ($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.

Imports of Hydraulic Cylinders And Systems

Imports in South-Eastern Asia

In 2022, supplies from abroad of hydraulic cylinders and systems increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, hydraulic cylinder and system imports surged to $X in 2022. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Thailand (X units) and Indonesia (X units) were the major importers of hydraulic cylinders and systems in South-Eastern Asia, together generating X% of total imports. It was distantly followed by Singapore (X units), comprising an X% share of total imports. Malaysia (X units), Vietnam (X units), Cambodia (X units) and the Philippines (X units) took a minor share of total imports.

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

In value terms, the largest hydraulic cylinder and system importing markets in South-Eastern Asia were Singapore ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total imports. Vietnam, Malaysia, Cambodia and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, approximately equating the previous year. In general, the import price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Cambodia ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :