South-Eastern Asia: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in South-Eastern Asia

In 2022, after two years of growth, there was decline in the Southeast Asian numerically controlled drilling machine market, when its value decreased by X% to $X. Overall, consumption saw a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Numerically Controlled Drilling Machines For Working Metal in South-Eastern Asia

In value terms, numerically controlled drilling machine production soared to $X in 2022 estimated in export price. In general, production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in South-Eastern Asia

In 2022, the amount of numerically controlled drilling machines for working metal exported in South-Eastern Asia soared to X units, increasing by X% compared with 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports reduced to $X in 2022. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Singapore (X units) was the key exporter of numerically controlled drilling machines for working metal, comprising X% of total exports. It was distantly followed by Myanmar (X units), committing a X% share of total exports. The following exporters - Indonesia (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 numerically controlled drilling machine exports from Singapore stood at X%. At the same time, Vietnam (X%), Indonesia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Myanmar experienced a relatively flat trend pattern. From 2012 to 2022, the share of Myanmar increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) emerged as the largest numerically controlled drilling machine supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, waning by X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

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

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in South-Eastern Asia

In 2022, overseas purchases of numerically controlled drilling machines for working metal decreased by X% to X units, falling for the fourth year in a row after three years of growth. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports declined to $X in 2022. In general, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Singapore (X units), Malaysia (X units) and the Philippines (X units) represented roughly X% of total imports in 2022. Vietnam (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%), Thailand (X%) and Myanmar (X%).

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

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

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, flattening at the previous year. Overall, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 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 the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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