South-Eastern Asia: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in South-Eastern Asia

The Southeast Asian thermoforming machine market expanded to $X.8B in 2022, growing by X% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X.5B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Thermoforming Machine Production in South-Eastern Asia

In value terms, thermoforming machine production expanded rapidly to $X.3B in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X.8B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Thermoforming Machine Exports

Exports in South-Eastern Asia

In 2022, exports of thermoforming machines for working rubber or plastics in South-Eastern Asia skyrocketed to X units, with an increase of X% against 2021 figures. Overall, exports saw tangible growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, thermoforming machine exports reduced to $X in 2022. Over the period under review, exports, however, saw a noticeable descent. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. Malaysia (X units) took a little share of total exports.

Singapore was also the fastest-growing in terms of the thermoforming machines for working rubber or plastics exports, with a CAGR of X% from 2012 to 2022. Malaysia (X%) illustrated a downward trend over the same period. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest thermoforming machine supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled X%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Thermoforming Machine Imports

Imports in South-Eastern Asia

In 2022, thermoforming machine imports in South-Eastern Asia skyrocketed to X units, growing by X% compared with 2021 figures. Over the period under review, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, thermoforming machine imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of thermoforming machines for working rubber or plastics, namely the Philippines, Indonesia and Thailand, represented more than two-thirds of total import. Vietnam (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%) and Singapore (X%).

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Malaysia, the Philippines and Singapore lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

The import price in South-Eastern Asia stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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