ASEAN: Calendering Machine Market 2024

Calendering Machine Market Size in ASEAN

The ASEAN calendering machine market rose significantly to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, enjoyed a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Calendering Machine Production in ASEAN

In value terms, calendering machine production reached $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Calendering Machine Exports

Exports in ASEAN

In 2023, overseas shipments of calendering and rolling machines increased by X% to X units, rising for the fourth year in a row after three years of decline. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

In value terms, calendering machine exports surged to $X in 2023. In general, exports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

The shipments of the one major exporters of calendering and rolling machines, namely Singapore, represented more than two-thirds of total export.

Singapore was also the fastest-growing in terms of the calendering and rolling machines 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 calendering machine supplier in ASEAN.

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

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, declining by X% against the previous year. In general, the export price faced a dramatic contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. 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.

Calendering Machine Imports

Imports in ASEAN

For the third consecutive year, ASEAN recorded growth in purchases abroad of calendering and rolling machines, which increased by X% to X units in 2023. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, calendering machine imports reached $X in 2023. Total imports indicated a measured expansion 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 appeared the most rapid in 2017 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Malaysia represented the major importer of calendering and rolling machines in ASEAN, with the volume of imports reaching X units, which was near X% of total imports in 2023. Singapore (X units) took the second position in the ranking, distantly followed by Thailand (X units) and Vietnam (X units). All these countries together took approx. X% share of total imports. The Philippines (X units) and Indonesia (X units) took a relatively small share of total imports.

Malaysia was also the fastest-growing in terms of the calendering and rolling machines imports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%), the Philippines (X%), Singapore (X%) and Vietnam (X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. From 2012 to 2023, the share of Malaysia and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Among the main importing countries, Malaysia, 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 ASEAN stood at $X per unit in 2023, falling by X% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, the import prices failed to regain momentum.

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 Indonesia ($X per unit), while Malaysia ($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 a decline in the import price figures.

Source: IndexBox Platform