ASEAN: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in ASEAN

After three years of growth, the ASEAN electric brazing machine market decreased by X% to $X in 2023. 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 peak level at $X in 2022, and then declined in the following year.

Electric Brazing Machine Production in ASEAN

In value terms, electric brazing machine production reduced to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Electric Brazing Machine Exports

Exports in ASEAN

In 2023, after two years of growth, there was significant decline in overseas shipments of electric brazing or soldering machines and apparatus, when their volume decreased by X% to X units. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, electric brazing machine exports fell markedly to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Singapore (X units) was the largest exporter of electric brazing or soldering machines and apparatus, creating X% of total exports. Thailand (X units) ranks second in terms of the total exports with an X% share, followed by Malaysia (X%). The following exporters - the Philippines (X units) and Vietnam (X units) - each recorded a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to electric brazing machine exports from Singapore stood at X%. At the same time, Vietnam (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand, Singapore, the Philippines and Vietnam increased by X, X, X and X percentage points, respectively.

In value terms, Singapore ($X) remains the largest electric brazing machine supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Singapore, electric brazing machine exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, surging by X% against the previous year. In general, the export price showed prominent growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Electric Brazing Machine Imports

Imports in ASEAN

In 2023, imports of electric brazing or soldering machines and apparatus in ASEAN dropped remarkably to X units, falling by X% compared with the year before. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, electric brazing machine imports fell notably to $X in 2023. Total imports indicated a mild increase 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then fell remarkably in the following year.

Imports by Country

In 2023, Malaysia (X units) represented the key importer of electric brazing or soldering machines and apparatus, making up X% of total imports. It was distantly followed by the Philippines (X units), Indonesia (X units) and Thailand (X units), together committing a X% share of total imports. The following importers - Singapore (X units) and Vietnam (X units) - each accounted for a X% share of total imports.

Imports into Malaysia decreased at an average annual rate of X% from 2012 to 2023. At the same time, the Philippines (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. The Philippines (X p.p.), Indonesia (X p.p.), Thailand (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia 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, the largest electric brazing machine importing markets in ASEAN were Thailand ($X), Vietnam ($X) and Malaysia ($X), with a combined X% share of total imports. The Philippines, Indonesia and Singapore lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of 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 ASEAN amounted to $X per unit, growing by X% against the previous year. In general, the import price showed prominent growth. The pace of growth was the most pronounced in 2017 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 2018 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform