South-Eastern Asia: Water Filter Market 2024

Water Filter Market Size in South-Eastern Asia

The Southeast Asian water filter market expanded remarkably to $X in 2023, surging by X% against the previous year. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.

Water Filter Production in South-Eastern Asia

In value terms, water filter production rose markedly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 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.

Water Filter Exports

Exports in South-Eastern Asia

Water filter exports declined dramatically to X units in 2023, with a decrease of X% compared with the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, water filter exports fell modestly to $X in 2023. Total exports indicated a notable expansion 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X units) and Malaysia (X units) were the key exporters of machinery for filtering or purifying water in 2023, recording near X% and X% of total exports, respectively. Indonesia (X units) took the next position in the ranking, distantly followed by Vietnam (X units). All these countries together held near X% share of total exports. Thailand (X units) followed a long way behind the leaders.

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

In value terms, the largest water filter supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), together accounting for X% of total exports. Vietnam and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 South-Eastern Asia amounted to $X per unit, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Water Filter Imports

Imports in South-Eastern Asia

In 2023, overseas purchases of machinery for filtering or purifying water increased by X% to X units, rising for the seventh year in a row after two years of decline. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, water filter imports shrank to $X in 2023. Total imports indicated a buoyant 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 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Malaysia (X units) represented the major importer of machinery for filtering or purifying water, generating X% of total imports. Vietnam (X units) took the second position in the ranking, followed by Thailand (X units), Indonesia (X units), the Philippines (X units) and Singapore (X units). All these countries together held near X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to water filter imports into Malaysia stood at X%. At the same time, the Philippines (X%), Vietnam (X%), Indonesia (X%), Thailand (X%) and Singapore (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Vietnam (X p.p.), the Philippines (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Singapore and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported machinery for filtering or purifying water in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Malaysia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2023, declining by X% against the previous year. Overall, the import price saw a slight setback. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 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 Indonesia ($X per unit), while Thailand ($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