Malaysia: Shaft Coupling Market 2024

Shaft Coupling Market Size in Malaysia

The Malaysian shaft coupling market reduced markedly to $X in 2022, with a decrease of -17.5% 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). In general, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Shaft Coupling Exports

Exports from Malaysia

In 2022, overseas shipments of clutches and shaft couplings increased by 16% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 89%. 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, shaft coupling exports rose significantly to $X in 2022. In general, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of 73% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for shaft coupling exports from Malaysia, with a 35% share of total exports. Moreover, shaft coupling exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-9.6% per year) and Saudi Arabia (+14.9% per year).

In value terms, Indonesia ($X) remains the key foreign market for clutches and shaft couplings exports from Malaysia, comprising 34% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-10.1% per year) and Saudi Arabia (+15.1% per year).

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, with a decrease of -3.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Thailand ($X per ton), while the average price for exports to Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Malaysia

In 2022, the amount of clutches and shaft couplings imported into Malaysia contracted notably to X tons, dropping by -15.4% on 2021 figures. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 55% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, shaft coupling imports fell markedly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +22.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Indonesia (X tons) were the main suppliers of shaft coupling imports to Malaysia, together comprising 55% of total imports. Japan, South Korea, Germany, the United States, Singapore, Hong Kong SAR, Ireland, Italy, the UK and India lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +111.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Indonesia ($X) were the largest shaft coupling suppliers to Malaysia, with a combined 55% share of total imports. Japan, South Korea, Germany, the United States, Singapore, Hong Kong SAR, Ireland, Italy, the UK and India lagged somewhat behind, together comprising a further 39%.

Ireland, with a CAGR of +110.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 6.6%. The import price peaked at $X per ton in 2013; however, from 2014 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 Hong Kong SAR ($X per ton) and Italy ($X per ton), while the price for Thailand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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