Malaysia: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Malaysia

For the third consecutive year, the Malaysian centrifugal clothes-dryer market recorded decline in sales value, which decreased by -52.9% to $X in 2021. Over the period under review, consumption saw a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Malaysia

In 2021, approx. X units of centrifugal clothes-dryers were exported from Malaysia; which is down by -54.1% against 2020 figures. In general, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 2,156% against the previous year. The exports peaked at X units in 2020, and then declined dramatically in the following year.

In value terms, centrifugal clothes-dryer exports fell remarkably to $X in 2021. Over the period under review, exports showed a noticeable curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 2,005% against the previous year. The exports peaked at $X in 2020, and then declined rapidly in the following year.

Exports by Country

Nigeria (X units), Singapore (X units) and Australia (X units) were the main destinations of centrifugal clothes-dryer exports from Malaysia, with a combined 74% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +22.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Papua New Guinea ($X) and Indonesia ($X) appeared to be the largest markets for centrifugal clothes-dryer exported from Malaysia worldwide, with a combined 67% share of total exports.

Papua New Guinea, with a CAGR of +36.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, falling by -19.7% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, centrifugal clothes-dryer export price decreased by -45.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 38%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into Malaysia

In 2021, the amount of centrifugal clothes-dryers imported into Malaysia reduced dramatically to X units, shrinking by -55% against the year before. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 327% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, centrifugal clothes-dryer imports dropped notably to $X in 2021. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by 370%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), South Korea (X units) and Italy (X units) were the main suppliers of centrifugal clothes-dryer imports to Malaysia, together accounting for 74% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +18.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest centrifugal clothes-dryer suppliers to Malaysia were Germany ($X), South Korea ($X) and Italy ($X), with a combined 74% share of total imports. These countries were followed by India, China and Japan, which together accounted for a further 19%.

Among the main suppliers, India, with a CAGR of +23.0%, 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 2021, the average centrifugal clothes-dryer import price amounted to $X per unit, rising by 6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 10%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per unit) and Japan ($X per unit), while the price for South Korea ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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