Updated Sep 30, 2022 20:44

Metal Treating Machine Market in South-Eastern Asia

Market Overview
In , after two years of decline, there was significant growth in the Southeast Asian metal treating machine market, when its value increased by % to $. Overall, consumption showed temperate growth. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

In value terms, metal treating machine production reduced dramatically to $ in estimated in export price. Over the period under review, production showed a drastic downturn. The most prominent rate of growth was recorded in when the production volume increased by % against the previous year. The level of production peaked at $ in 2009; however, from 2010 to , production stood at a somewhat lower figure.

The countries with the highest volumes of production in were Malaysia ( units), Thailand ( units) and Lao People's Democratic Republic ( units), with a combined % share of total production. These countries were followed by Timor-Leste, which accounted for a further %.

From 2007 to , the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Timor-Leste (with a CAGR of +%), while production for the other leaders experienced mixed trends in the production figures.


Consumption
Metal treating machine consumption shrank modestly to units in , waning by -% on the previous year's figure. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at units in 2009; however, from 2010 to , consumption remained at a lower figure.

The value of the metal treating machine market in South-Eastern Asia stood at $ in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a noticeable increase. Over the period under review, the market hit record highs in and is expected to retain growth in years to come.


Consumption by Country
The countries with the highest volumes of consumption in were Indonesia ( units), Singapore ( units) and Thailand ( units), together accounting for % of total consumption.

From 2007 to , the biggest increases were recorded for Indonesia (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest metal treating machine markets in South-Eastern Asia were Malaysia ($), Indonesia ($) and Vietnam ($), together comprising % of the total market.

In terms of the main consuming countries, Indonesia, with a CAGR of +%, saw the highest growth rate of market size over the period under review, while market for the other leaders experienced more modest paces of growth.

In No countries metal treating machine per capita consumption remained relatively stable over the period from 2007-.


Market Forecast
Depressed by shrinking demand for metal treating machine in South-Eastern Asia, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .