South-Eastern Asia: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in South-Eastern Asia

The Southeast Asian way-type unit head market dropped notably to $X in 2021, falling by -32.7% against the previous year. Over the period under review, consumption, however, enjoyed a prominent expansion. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.

Way-Type Unit Head Production in South-Eastern Asia

In value terms, way-type unit head production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2020 when the production volume increased by 224% against the previous year. As a result, production attained the peak level of $X, and then fell sharply in the following year.

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Way-Type Unit Head Exports

Exports in South-Eastern Asia

In 2021, the amount of way-type unit heads for working metal exported in South-Eastern Asia declined significantly to X tons, falling by -33.7% on 2020 figures. Overall, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 when exports increased by 85%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, way-type unit head exports shrank sharply to $X in 2021. In general, exports showed a noticeable descent. The pace of growth was the most pronounced in 2017 with an increase of 70% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore represented the key exporter of way-type unit heads for working metal in South-Eastern Asia, with the volume of exports reaching X tons, which was approx. 66% of total exports in 2021. It was distantly followed by Malaysia (X tons), the Philippines (X tons) and Thailand (X tons), together generating a 31% share of total exports. Indonesia (X kg) followed a long way behind the leaders.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of way-type unit heads for working metal. At the same time, the Philippines (+5.3%) and Malaysia (+4.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +5.3% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Indonesia (-30.0%) illustrated a downward trend over the same period. Singapore (+15 p.p.), the Philippines (+6.7 p.p.) and Malaysia (+6.4 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by -29.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest way-type unit head supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total exports. It was followed by Thailand, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value in Singapore stood at -2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+14.5% per year) and Thailand (-8.0% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, declining by -20% against the previous year. Over the period under review, the export price saw a mild descent. The pace of growth was the most pronounced in 2014 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.9%), while the other leaders experienced mixed trends in the export price figures.

Way-Type Unit Head Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of way-type unit heads for working metal were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 90%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, way-type unit head imports plummeted to $X in 2021. In general, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 62%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia represented the major importing country with an import of around X tons, which reached 59% of total imports. It was distantly followed by Vietnam (X tons), generating a 31% share of total imports. Thailand (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +15.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X) constitutes the largest market for imported way-type unit heads for working metal in South-Eastern Asia, comprising 65% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 23% share of total imports. It was followed by Malaysia, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +12.3%. In the other countries, the average annual rates were as follows: Indonesia (-18.4% per year) and Malaysia (-16.4% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, falling by -42.5% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2013 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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