Malaysia: Aircraft Market 2024

Aircraft Market Size in Malaysia

After two years of decline, the Malaysian aircraft market increased by 5.3% to $X in 2022. Overall, consumption, however, recorded a sharp slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aircraft Production in Malaysia

In value terms, aircraft production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 83%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Aircraft Exports

Exports from Malaysia

Aircraft exports from Malaysia skyrocketed to X units in 2022, increasing by 29% on the previous year. Overall, exports, however, faced a dramatic curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 1,025% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aircraft exports skyrocketed to $X in 2022. In general, exports, however, saw a precipitous slump. The pace of growth was the most pronounced in 2014 with an increase of 548% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X units), Romania (X units) and Australia (X units) were the main destinations of aircraft exports from Malaysia, together comprising 33% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Romania ($X) emerged as the key foreign market for airplanes and other aircraft exports from Malaysia, comprising 35% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Thailand, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-52.8% per year) and Thailand (-20.2% per year).

Export Prices by Country

The average aircraft export price stood at $X per unit in 2022, jumping by 51% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 379% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to the Netherlands ($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 Thailand (-0.6%), while the prices for the other major destinations experienced a decline.

Aircraft Imports

Imports into Malaysia

In 2022, after two years of decline, there was significant growth in purchases abroad of airplanes and other aircraft, when their volume increased by 28% to X units. Over the period under review, imports saw slight growth. The growth pace was the most rapid in 2013 with an increase of 211% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft imports soared to $X in 2022. In general, imports continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2019 with an increase of 9,463%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Australia (X units) were the main suppliers of aircraft imports to Malaysia, with a combined 22% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +7.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of airplanes and other aircraft to Malaysia, comprising 42% of total imports. The second position in the ranking was held by Austria ($X), with a 19% share of total imports. It was followed by Spain, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+5.4% per year) and Spain (+32.9% per year).

Import Prices by Country

In 2022, the average aircraft import price amounted to $X per unit, with an increase of 103% against the previous year. In general, the import price recorded a modest increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 5,091% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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