Malaysia: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Malaysia

In 2022, the Malaysian market for vacuum pumps and air or gas compressors decreased by -8.5% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption continues to indicate a perceptible decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Malaysia

In value terms, production of vacuum pumps and air or gas compressors contracted rapidly to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 194%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Malaysia

In 2022, exports of vacuum pumps and air or gas compressors from Malaysia reduced rapidly to X units, with a decrease of -60.8% on the previous year's figure. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 84%. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors reduced to $X in 2022. Overall, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2018 with an increase of 76% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Malaysia, with a 40% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to the United States exceeded the volume sent to the second major destination, Singapore (X units), sixfold. Morocco (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-11.0% per year) and Morocco (+34.9% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for vacuum pumps and air or gas compressors exports from Malaysia, comprising 42% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by China, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar stood at +121.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.6% per year) and China (+6.9% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, picking up by 125% against the previous year. Over the period under review, the export price saw a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Malaysia

After three years of growth, overseas purchases of vacuum pumps and air or gas compressors decreased by -31.4% to X units in 2022. Over the period under review, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2020 when imports increased by 38% against the previous year. Over the period under review, imports of reached the maximum at X units in 2021, and then shrank sharply in the following year.

In value terms, imports of vacuum pumps and air or gas compressors reduced to $X in 2022. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 40%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Myanmar (X units), China (X units) and Japan (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Malaysia, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +1,099.9%), while imports for the other leaders experienced a decline.

In value terms, Myanmar ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Malaysia, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 5.5% share of total imports. It was followed by Japan, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar stood at +918.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.2% per year) and Japan (-17.5% per year).

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, rising by 25% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 37%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Myanmar ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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