South-Eastern Asia: Unit Construction Machine Market 2024

Unit Construction Machine Market Size in South-Eastern Asia

In 2023, the Southeast Asian unit construction machine market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw resilient growth. Over the period under review, the market hit record highs in 2023 and is likely to continue growth in the near future.

Unit Construction Machine Production in South-Eastern Asia

In value terms, unit construction machine production soared to $X in 2023 estimated in export price. In general, production recorded significant growth. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Unit Construction Machine Exports

Exports in South-Eastern Asia

In 2023, exports of unit construction machines for working metal in South-Eastern Asia declined markedly to X units, reducing by X% on the year before. Overall, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, unit construction machine exports contracted remarkably to $X in 2023. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Singapore (X units), together accounting for X% of total export.

Singapore was also the fastest-growing in terms of the unit construction machines for working metal exports, with a CAGR of X% from 2012 to 2023. While the share of Singapore (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) also remains the largest unit construction machine supplier in South-Eastern Asia.

From 2012 to 2023, the average annual growth rate of value in Singapore totaled X%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2023, the rate of growth in terms of prices for Singapore amounted to X% per year.

Unit Construction Machine Imports

Imports in South-Eastern Asia

In 2023, the amount of unit construction machines for working metal imported in South-Eastern Asia fell sharply to X units, declining by X% compared with 2022. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, unit construction machine imports fell remarkably to $X in 2023. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Vietnam (X units) was the key importer of unit construction machines for working metal, committing X% of total imports. Singapore (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%) and Thailand (X%). Malaysia (X units) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the unit construction machines for working metal imports, with a CAGR of X% from 2012 to 2023. Thailand experienced a relatively flat trend pattern. Malaysia (X%), Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Indonesia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Singapore and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 2023, reducing by X% against the previous year. In general, the import price saw a slight curtailment. The pace of growth was the most pronounced in 2020 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 2013; however, from 2014 to 2023, 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 Thailand ($X per unit), while Vietnam ($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 mixed trends in the import price figures.

Source: IndexBox Platform