South-Eastern Asia: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in South-Eastern Asia

In 2023, after three years of growth, there was decline in the Southeast Asian machine-tool for removing material market, when its value decreased by less than X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2022, and then contracted slightly in the following year.

Production of Machine-Tools For Working Any Material By Removal Of Material in South-Eastern Asia

In value terms, machine-tool for removing material production dropped slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in South-Eastern Asia

In 2023, overseas shipments of machine-tools for working any material by removal of material decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a perceptible setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, machine-tool for removing material exports contracted dramatically to $X in 2023. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Singapore (X units) represented the main exporter of machine-tools for working any material by removal of material, generating X% of total exports. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%). The Philippines (X units) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to machine-tool for removing material exports from Singapore stood at X%. At the same time, the Philippines (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, saw a mild decrease. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

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

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in South-Eastern Asia

In 2023, after four years of growth, there was decline in purchases abroad of machine-tools for working any material by removal of material, when their volume decreased by X% to X units. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X units in 2022, and then reduced in the following year.

In value terms, machine-tool for removing material imports contracted to $X in 2023. Over the period under review, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then contracted in the following year.

Imports by Country

The Philippines represented the key importer of machine-tools for working any material by removal of material in South-Eastern Asia, with the volume of imports resulting at X units, which was near X% of total imports in 2023. Singapore (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%). The following importers - Vietnam (X units) and Malaysia (X units) - together made up X% of total imports.

The Philippines was also the fastest-growing in terms of the machine-tools for working any material by removal of material imports, with a CAGR of X% from 2012 to 2023. At the same time, Singapore (X%), Malaysia (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. While the share of the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Malaysia (X p.p.), Vietnam (X p.p.), Thailand (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, the largest machine-tool for removing material importing markets in South-Eastern Asia were the Philippines ($X), Vietnam ($X) and Thailand ($X), together accounting for X% of total imports.

In terms of 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 unit in 2023, waning by X% against the previous year. Over the period under review, the import price showed a deep contraction. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, 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 Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform