South-Eastern Asia: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in South-Eastern Asia

In 2021, the Southeast Asian market for in-hand motor grinders, sanders and planers increased by 53% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of In-Hand Motor Grinders, Sanders And Planers in South-Eastern Asia

In value terms, production of in-hand motor grinders, sanders and planers contracted sharply to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.8% against 2013 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in overseas shipments of in-hand motor grinders, sanders and planers, when their volume decreased by -7.9% to X units. In general, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2020 when exports increased by 47% against the previous year. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, exports of in-hand motor grinders, sanders and planers contracted remarkably to $X in 2021. Overall, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 130%. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

In 2021, Malaysia (X units) was the largest exporter of in-hand motor grinders, sanders and planers, mixing up 65% of total exports. Thailand (X units) took the second position in the ranking, distantly followed by Singapore (X units). All these countries together took approx. 34% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electromechanical tools for working in the hand, with self-contained electric motor exports from Malaysia stood at +16.1%. At the same time, Thailand (+51.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +51.5% from 2012-2021. By contrast, Singapore (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and Malaysia increased by +24 and +14 percentage points, respectively.

In value terms, Malaysia ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in South-Eastern Asia, comprising 68% of total exports. The second position in the ranking was held by Thailand ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Malaysia amounted to +18.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+30.6% per year) and Singapore (+1.8% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, dropping by -29.6% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for in-hand motor grinders, sanders and planers increased by +9.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 56%. As a result, the export price attained the peak level of $X per unit, and then reduced dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in South-Eastern Asia

Imports of in-hand motor grinders, sanders and planers soared to X units in 2021, picking up by 72% against 2020. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.8% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. The total import value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X units) and Vietnam (X units) represented the key importers of in-hand motor grinders, sanders and planers in South-Eastern Asia, together resulting at near 58% of total imports. Thailand (X units) held the next position in the ranking, distantly followed by Indonesia (X units), the Philippines (X units) and Singapore (X units). All these countries together took near 39% share of total imports. Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. Malaysia, Singapore, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, the Philippines, with a CAGR of +13.4%, 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

In 2021, the import price in South-Eastern Asia amounted to $X per unit, which is down by -10.6% against the previous year. Overall, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 5.9%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :