South-Eastern Asia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in South-Eastern Asia

The Southeast Asian market for pneumatic or hydraulic hand tools rose remarkably to $X in 2023, increasing by X% against the previous year. The total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Production of Pneumatic Or Hydraulic Hand Tools in South-Eastern Asia

In value terms, pneumatic or hydraulic hand tool production amounted to $X in 2023 estimated in export price. The total production indicated a perceptible increase 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in South-Eastern Asia

Pneumatic or hydraulic hand tool exports fell to X units in 2023, waning by X% against the previous year's figure. Overall, exports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports declined dramatically to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell rapidly in the following year.

Exports by Country

The biggest shipments were from Singapore (X units), Thailand (X units), Malaysia (X units) and Vietnam (X units), together recording X% of total export.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Among the main exporting countries, Vietnam, 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

The export price in South-Eastern Asia stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 export price figures.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports in South-Eastern Asia

In 2023, pneumatic or hydraulic hand tool imports in South-Eastern Asia skyrocketed to X units, jumping by X% against 2022. Total imports indicated a strong increase from 2012 to 2023: its volume 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 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2023 and is likely to continue growth in the near future.

In value terms, pneumatic or hydraulic hand tool imports reduced rapidly to $X in 2023. In general, imports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of pneumatic or hydraulic hand tool imports in 2023 were Malaysia (X units), Thailand (X units), the Philippines (X units), Vietnam (X units), Singapore (X units) and Indonesia (X units), together reaching X% of total import.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Among the main importing countries, the Philippines, 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 more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, the import prices remained at a lower figure.

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 ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform