South-Eastern Asia: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in the Southeast Asian cable-making machine market, when its value decreased by X% to $X. The total consumption indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Cable-Making Machine Production in South-Eastern Asia

In value terms, cable-making machine production skyrocketed to $X in 2023 estimated in export price. Overall, production, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Cable-Making Machine Exports

Exports in South-Eastern Asia

After three years of growth, overseas shipments of rope or cable-making machines decreased by X% to X units in 2023. In general, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, cable-making machine exports reduced to $X in 2023. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore prevails in exports structure, reaching X units, which was approx. X% of total exports in 2023. It was distantly followed by Malaysia (X units), committing an X% share of total exports. Vietnam (X units) took a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to cable-making machine exports from Singapore stood at X%. At the same time, Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. While the share of Malaysia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in Malaysia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Vietnam (X% per year).

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. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the export prices remained at a lower figure.

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 ($X per unit), while Singapore ($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 a decline in the export price figures.

Cable-Making Machine Imports

Imports in South-Eastern Asia

Cable-making machine imports dropped rapidly to X units in 2023, declining by X% compared with the previous year. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, cable-making machine imports reduced to $X in 2023. Total imports indicated a modest increase 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 was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The Philippines (X units) and Singapore (X units) were the largest importers of rope or cable-making machines in 2023, reaching approx. X% and X% of total imports, respectively. Indonesia (X units) held the next position in the ranking, distantly followed by Vietnam (X units). All these countries together held approx. X% share of total imports. Malaysia (X units) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest cable-making machine importing markets in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and the Philippines ($X), together accounting for X% of total imports.

The Philippines, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2023, jumping by X% against the previous year. In general, the import price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, 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