South-Eastern Asia: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in South-Eastern Asia

For the sixth consecutive year, the Southeast Asian machine-tool for working wood market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Wood in South-Eastern Asia

In value terms, machine-tool for working wood production surged to $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Machine-Tools For Working Wood

Exports in South-Eastern Asia

In 2023, machine-tool for working wood exports in South-Eastern Asia totaled X units, almost unchanged from the previous year. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports skyrocketed to $X in 2023. Over the period under review, exports, however, continue to indicate a perceptible decline. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Malaysia (X units) represented the major exporter of machine-tools for working wood, constituting X% of total exports. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by Singapore (X%). The following exporters - Vietnam (X units) and the Philippines (X units) - each finished at a X% share of total exports.

Malaysia was also the fastest-growing in terms of the machine-tools for working wood exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) and Vietnam (X%) displayed positive paces of growth. By contrast, the Philippines (X%) and Singapore (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), Thailand (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while the Philippines and Singapore saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest machine-tool for working wood supplying countries in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Vietnam ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the export price in South-Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, 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 Machine-Tools For Working Wood

Imports in South-Eastern Asia

In 2023, supplies from abroad of machine-tools for working wood increased by X% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood imports reduced to $X in 2023. Total imports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The Philippines was the key importing country with an import of about X units, which reached X% of total imports. It was distantly followed by Singapore (X units), Thailand (X units) and Malaysia (X units), together creating a X% share of total imports. Vietnam (X units) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the machine-tools for working wood imports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%), Singapore (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. While the share of the Philippines (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Malaysia (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported machine-tools for working wood in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, machine-tool for working wood imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the import price recorded a sharp downturn. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, 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 ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform