Metal AP 2019 Focusing on Southeast Asia
Since its successful debut in year 2018 in Thailand, METAL AP has been highly appreciated and supported by industry insiders. The second METAL AP to be held on December 12-14, 2019, at EH101, BITEC, Bangkok, Thailand, keeps improving on all sides to meet expectation of exhibitors, trade visitors, partners and supporters.
ASEAN population in 2017 reached 642.1 million with a workforce of over 323.62 million (50.4%). ASEAN GDP per Capita reached US$ 4,307 with a YoY increase of 6.46%. The demographic dividend and climbing power of consumption are accelerators for Southeast Asia to be one of the fastest growing and developing areas in global manufacturing industries. In addition to promising future of local auto industry with production and sales volume in 2022 expected to be 4.96 million and 4.65 million units, governments of these countries has increased investment on and quickened the progress of local infrastructure projects. All of above-mentioned and unmentioned factors has generated extremely huge demand on metal parts and complete sets of manufacturing equipment.
The stable climbing of automotive market and consumption level in Southeast Asia in recent years has created huge space for the development of die casting. In order to further boost economy and improve business environment, local governments have accelerated rail transit projects including train, high speed rail (HRS), subway, etc., directly driving the advance of basic manufacturing industries such as die casting and foundry, and their upstream industries such as industrial furnace and metallurgy.
"2019 METAL AP Thematic Seminar Series" organized by China Foundry Productivity Promotion Center will be held on December 12-14, 2019 at hall EH101, Bangkok International Trade and Exhibition Center (BITEC), Thailand. Focusing on local markets' hot demands on castings for auto and HSR, etc., seminars this year will invite authoritative representatives, industry experts, scholars, entrepreneurs from China, Southeast Asia, Europe, Japan and Taiwan China to exchange technology and analyze market of die casting, foundry, metallurgy, furnace and heat treatment for cooperation and win-win benefits.
Southeast Asia Market Insights
- Thailand: One of main contributors towards the GDP growth is Manufacturing sector with 38.2% share of the total GDP. A majority of moulds and dies are utilized by Thailand's automotive and E&E industries. Local mould and die manufacturers are able to meet an local demand from Thailand's downstream industries; however, it still leaves a significant opportunity in the market for higher quality mould and die imports from foreign manufacturers.
- Vietnam: Vietnam has 54.8 million young worker at the age of 15 and above, accounting for 58.5% of total population. Its GDP reached 5.5 trillion VDN (about 238.2 billion USD) in 2018 with a year-on-year growth of 7.08%. Expert estimates that by 2021, Vietnam is expected to sell 337,000 units with a year-on-year increase rate of 4.4%. Vehicles are assembled with imported spare parts in Vietnam with a relatively low localization of 5-10%.
- Malaysia: In 2018, the GDP of Malaysia was 1,429.842 billion MYR with an actual YoY increase of 4.7%. Manufacture is one of its major drivers to stimulate development of national economy. Main industries include electronics, petroleum, machinery, iron & steel, chemicals and vehicle. Malaysia is a net importer for articles of iron and steel due to shortage of iron ore. The sales volume is expected to be 606,000 units in 2021.