South-Eastern Asia: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in South-Eastern Asia

The Southeast Asian machine tool for metal market reached $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Machine Tools For Working Metal Without Removing Metal in South-Eastern Asia

In value terms, machine tool for metal production amounted to $X in 2022 estimated in export price. Over the period under review, production saw resilient growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in South-Eastern Asia

In 2022, approx. X units of machine tools for working metal without removing metal were exported in South-Eastern Asia; picking up by X% against the previous year. Overall, exports saw pronounced growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, machine tool for metal exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by the Philippines (X units), mixing up a X% share of total exports. Malaysia (X units) and Thailand (X units) held a minor share of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Philippines 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. Singapore (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine tool for metal supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), together comprising X% of total exports.

In terms of the main exporting countries, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in South-Eastern Asia stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in South-Eastern Asia

In 2022, supplies from abroad of machine tools for working metal without removing metal increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, machine tool for metal imports rose notably to $X in 2022. In general, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X units) represented the key importer of machine tools for working metal without removing metal, constituting X% of total imports. The Philippines (X units) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), Malaysia (X%) and Thailand (X%). Vietnam (X units) held a relatively small share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (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. Thailand and Malaysia experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Thailand, Singapore 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 growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Singapore ($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

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