ASEAN: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in ASEAN

The ASEAN horizontal machining centre market amounted to $X in 2023, approximately equating the previous year. Overall, consumption recorded perceptible growth. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Horizontal Machining Centre Production in ASEAN

In value terms, horizontal machining centre production surged to $X in 2023 estimated in export price. In general, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Horizontal Machining Centre Exports

Exports in ASEAN

Horizontal machining centre exports shrank to X units in 2023, which is down by X% compared with 2022 figures. Overall, exports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, horizontal machining centre exports declined rapidly to $X in 2023. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the largest exporter of horizontal machining centres for working metal in ASEAN, with the volume of exports amounting to X units, which was approx. X% of total exports in 2023. Malaysia (X units) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to horizontal machining centre exports from Singapore stood at X%. At the same time, the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. Malaysia (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest horizontal machining centre supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

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

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 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 Singapore ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the export price figures.

Horizontal Machining Centre Imports

Imports in ASEAN

In 2023, supplies from abroad of horizontal machining centres for working metal decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, horizontal machining centre imports dropped to $X in 2023. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of horizontal machining centre imports in 2023 were Malaysia (X units), Thailand (X units) and Vietnam (X units), together amounting to X% of total import. Indonesia (X units) took the next position in the ranking, followed by Singapore (X units). All these countries together held approx. X% share of total imports.

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

In value terms, the largest horizontal machining centre importing markets in ASEAN were Malaysia ($X), Thailand ($X) and Vietnam ($X), with a combined X% share of total imports.

Vietnam, 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 mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Singapore ($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 mixed trends in the import price figures.

Source: IndexBox Platform