ASEAN: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in ASEAN

The ASEAN market for equipment for scaffolding, shuttering, propping or pit propping totaled $X in 2023, increasing by X% against the previous year. The total consumption indicated a tangible 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, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in ASEAN

In value terms, scaffolding, shuttering, and propping equipment production expanded sharply to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable increase. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in ASEAN

In 2023, overseas shipments of equipment for scaffolding, shuttering, propping or pit propping increased by X% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a prominent 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports plummeted to $X in 2023. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

In 2023, Vietnam (X tons) and Indonesia (X tons) represented the major exporters of equipment for scaffolding, shuttering, propping or pit propping in ASEAN, together reaching near X% of total exports. Thailand (X tons) took the next position in the ranking, followed by Singapore (X tons) and Malaysia (X tons). All these countries together held approx. X% share of total exports. The Philippines (X tons) took a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment supplying countries in ASEAN were Indonesia ($X), Vietnam ($X) and Thailand ($X), together comprising X% of total exports.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, posted pronounced growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined notably in the following year.

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

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

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in ASEAN

In 2023, after two years of growth, there was significant decline in purchases abroad of equipment for scaffolding, shuttering, propping or pit propping, when their volume decreased by X% to X tons. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment imports reduced rapidly to $X in 2023. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Thailand represented the largest importer of equipment for scaffolding, shuttering, propping or pit propping in ASEAN, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Singapore (X tons) took the second position in the ranking, followed by Indonesia (X tons), Malaysia (X tons), Vietnam (X tons) and the Philippines (X tons). All these countries together held near X% share of total imports. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

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

In value terms, the largest scaffolding, shuttering, and propping equipment importing markets in ASEAN were Singapore ($X), Thailand ($X) and Indonesia ($X), together accounting for X% of total imports. The Philippines, Vietnam, Malaysia and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 ASEAN stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform