South-Eastern Asia: Suspension System Market 2024

Suspension System Market Size in South-Eastern Asia

The Southeast Asian suspension system market amounted to $X in 2022, growing by X% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2012 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Suspension System Production in South-Eastern Asia

In value terms, suspension system production rose modestly to $X in 2022 estimated in export price. Over the period under review, production posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Suspension System Exports

Exports in South-Eastern Asia

In 2022, the amount of suspension systems exported in South-Eastern Asia rose rapidly to X tons, surging by X% on 2021 figures. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, suspension system exports expanded rapidly to $X in 2022. In general, exports enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Thailand (X tons) represented the largest exporter of suspension systems, generating X% of total exports. Indonesia (X tons) took the second position in the ranking, followed by Malaysia (X tons), Singapore (X tons) and Vietnam (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to suspension system exports from Thailand stood at X%. At the same time, Vietnam (X%), Malaysia (X%), Indonesia (X%) and Singapore (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. Malaysia (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Suspension System Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of suspension systems increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a prominent 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, suspension system imports surged to $X in 2022. Overall, imports recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Thailand (X tons), Indonesia (X tons), Malaysia (X tons) and Vietnam (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Singapore (X tons), making up a X% share of total imports. The following importers - Myanmar (X tons) and the Philippines (X tons) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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 suspension system importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for X% of total imports. Malaysia, Singapore, the Philippines and Myanmar lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform