South-Eastern Asia: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in South-Eastern Asia

The Southeast Asian wood milling machine market contracted dramatically to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wood Milling Machine Production in South-Eastern Asia

In value terms, wood milling machine production dropped rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wood Milling Machine Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of planing, milling or moulding machines increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wood milling machine exports soared to $X in 2022. In general, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. Vietnam (X units) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the planing, milling or moulding machines exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. From 2012 to 2022, the share of Singapore increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest wood milling machine supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to X%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by 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.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Wood Milling Machine Imports

Imports in South-Eastern Asia

Wood milling machine imports rose rapidly to X units in 2022, picking up by X% against the year before. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood milling machine imports declined to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Philippines (X units), Thailand (X units), Vietnam (X units) and Indonesia (X units) represented the main importer of planing, milling or moulding machines in South-Eastern Asia, making up X% of total import. Singapore (X units) took the next position in the ranking, followed by Malaysia (X units) and Myanmar (X units). All these countries together held near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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, Vietnam ($X) constitutes the largest market for imported planing, milling or moulding machines in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, wood milling machine imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, 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 ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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