South-Eastern Asia: Working Wire Machine Market 2024

Working Wire Machine Market Size in South-Eastern Asia

The Southeast Asian working wire machine market rose slightly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Working Wire Machine Production in South-Eastern Asia

In value terms, working wire machine production totaled $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Working Wire Machine Exports

Exports in South-Eastern Asia

In 2022, the amount of machines for working wire exported in South-Eastern Asia declined markedly to X units, with a decrease of X% on the previous year. Over the period under review, exports showed a dramatic slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, working wire machine exports shrank to $X in 2022. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore dominates exports structure, recording X units, which was near X% of total exports in 2022. The following exporters - Malaysia (X units), Thailand (X units) and Vietnam (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to working wire machine exports from Singapore stood at X%. Malaysia (X%), Thailand (X%) and Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Thailand and Vietnam increased by X, X and X percentage points, respectively.

In value terms, Singapore ($X) remains the largest working wire machine supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Singapore, working wire machine exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Vietnam ($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.

Working Wire Machine Imports

Imports in South-Eastern Asia

In 2022, working wire machine imports in South-Eastern Asia dropped to X units, declining by X% on the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, working wire machine imports rose significantly to $X in 2022. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Philippines was the largest importing country with an import of around X units, which amounted to X% of total imports. Thailand (X units) ranks second in terms of the total imports with an X% share, followed by Malaysia (X%), Indonesia (X%), Vietnam (X%) and Singapore (X%). Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest working wire machine importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Thailand ($X), together accounting for X% of total imports. Malaysia, the Philippines, Singapore and Myanmar lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, showed a perceptible slump. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Vietnam ($X per unit), while Myanmar ($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 import price figures.

Source: IndexBox Platform

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