Malaysia: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Malaysia

The Malaysian market for air conditioning machines for motor vehicles stood at $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, showed resilient growth. Motor vehicle air conditioning machine consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Air Conditioning Machines For Motor Vehicles in Malaysia

In value terms, motor vehicle air conditioning machine production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 52%. Motor vehicle air conditioning machine production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Malaysia

Motor vehicle air conditioning machine exports from Malaysia contracted significantly to X units in 2022, with a decrease of -15.8% against the previous year. Overall, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 470% against the previous year. The exports peaked at X units in 2021, and then fell sharply in the following year.

In value terms, motor vehicle air conditioning machine exports dropped to $X in 2022. In general, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2017 when exports increased by 457% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Vietnam (X units) was the main destination for motor vehicle air conditioning machine exports from Malaysia, accounting for a 66% share of total exports. Moreover, motor vehicle air conditioning machine exports to Vietnam exceeded the volume sent to the second major destination, Australia (X units), fivefold. Singapore (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+9.8% per year) and Singapore (-4.3% per year).

In value terms, Vietnam ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from Malaysia, comprising 68% of total exports. The second position in the ranking was held by Australia ($X), with a 13% share of total exports. It was followed by Singapore, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+7.3% per year) and Singapore (-6.6% per year).

Export Prices by Country

In 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, surging by 5.4% against the previous year. Overall, the export price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and Thailand ($X per unit), while the average price for exports to Singapore ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-1.6%), while the prices for the other major destinations experienced a decline.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Malaysia

In 2022, motor vehicle air conditioning machine imports into Malaysia dropped to X units, with a decrease of -13% on the year before. In general, imports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of 54% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, motor vehicle air conditioning machine imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed pronounced growth. The growth pace was the most rapid in 2018 when imports increased by 59% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), China (X units) and Japan (X units) were the main suppliers of motor vehicle air conditioning machine imports to Malaysia, with a combined 59% share of total imports. South Korea, Singapore, Indonesia, Sweden and Germany lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +66.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle air conditioning machine suppliers to Malaysia were Thailand ($X), China ($X) and Japan ($X), with a combined 59% share of total imports. These countries were followed by South Korea, Singapore, Indonesia, Sweden and Germany, which together accounted for a further 38%.

In terms of the main suppliers, Singapore, with a CAGR of +64.8%, 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 average import price for air conditioning machines for motor vehicles stood at $X per unit in 2022, surging by 3.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 10%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and Sweden ($X per unit), while the price for Japan ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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