Malaysia: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Malaysia

The Malaysian brakes and servo-brakes market declined to $X in 2022, which is down by -7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Brakes And Servo-Brakes Exports

Exports from Malaysia

In 2022, the amount of brakes and servo-brakes exported from Malaysia dropped to X tons, declining by -8.6% compared with the year before. In general, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2019 when exports increased by 39% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports fell to $X in 2022. Over the period under review, exports showed a mild curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 33%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for brakes and servo-brakes exports from Malaysia, with a 36% share of total exports. Moreover, brakes and servo-brakes exports to Saudi Arabia exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-2.9% per year) and Indonesia (+4.2% per year).

In value terms, the largest markets for brakes and servo-brakes exported from Malaysia were Thailand ($X), Saudi Arabia ($X) and Poland ($X), together accounting for 61% of total exports.

Among the main countries of destination, Poland, with a CAGR of +23.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average brakes and servo-brakes export price stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 an increase of 44%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Malaysia

In 2022, approx. X tons of brakes and servo-brakes were imported into Malaysia; waning by -5.6% compared with the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 28% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, brakes and servo-brakes imports contracted to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.3% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 46%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of brakes and servo-brakes to Malaysia, accounting for a 62% share of total imports. Moreover, brakes and servo-brakes imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.8% per year) and Japan (+7.2% per year).

In value terms, the largest brakes and servo-brakes suppliers to Malaysia were China ($X), Japan ($X) and Thailand ($X), with a combined 78% share of total imports. Germany and Indonesia lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Germany, with a CAGR of +15.6%, saw the highest rates of growth with regard to 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

In 2022, the average brakes and servo-brakes import price amounted to $X per ton, shrinking by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2015 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :