South-Eastern Asia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in South-Eastern Asia

The Southeast Asian pneumatic linear acting actuator market expanded slightly to $X in 2023, increasing by X% against the previous year. Overall, consumption continues to indicate a resilient increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in South-Eastern Asia

In value terms, pneumatic linear acting actuator production rose sharply to $X in 2023 estimated in export price. The total production 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in South-Eastern Asia

In 2023, the amount of pneumatic linear acting actuators exported in South-Eastern Asia surged to X units, growing by X% against the year before. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, pneumatic linear acting actuator exports contracted dramatically to $X in 2023. In general, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then plummeted in the following year.

Exports by Country

Thailand prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2023. It was distantly followed by Singapore (X units), constituting a X% share of total exports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to pneumatic linear acting actuator exports from Thailand stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore 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, Singapore ($X) remains the largest pneumatic linear acting actuator supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

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 Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Imports of Pneumatic Linear Acting Actuators

Imports in South-Eastern Asia

In 2023, pneumatic linear acting actuator imports in South-Eastern Asia stood at X units, surging by X% compared with the year before. Over the period under review, imports, however, recorded a slight downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports contracted dramatically to $X in 2023. In general, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Vietnam (X units) was the largest importer of pneumatic linear acting actuators, creating X% of total imports. Thailand (X units) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%), Singapore (X%) and Indonesia (X%). The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to pneumatic linear acting actuator imports into Vietnam stood at X%. At the same time, the Philippines (X%), Malaysia (X%), Indonesia (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. By contrast, Thailand (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Malaysia (X p.p.), Singapore (X p.p.), Indonesia (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest pneumatic linear acting actuator importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, saw 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

The import price in South-Eastern Asia stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($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 a decline in the import price figures.

Source: IndexBox Platform