Report Update Nov 1, 2024

Malaysia - Compressors for Refrigeration Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Malaysia

The Malaysian refrigerator compressor market was estimated at $X in 2022, increasing by 13% against the previous year. In general, consumption posted a strong increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Refrigerator Compressor Production in Malaysia

In value terms, refrigerator compressor production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 124%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Refrigerator Compressor Exports

Exports from Malaysia

In 2022, the amount of compressors for refrigeration equipment exported from Malaysia declined dramatically to X units, with a decrease of -19.5% compared with the previous year. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 131% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, refrigerator compressor exports shrank to $X in 2022. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 117%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for refrigerator compressor exports from Malaysia, accounting for a 43% share of total exports. Moreover, refrigerator compressor exports to the United States exceeded the volume sent to the second major destination, Morocco (X units), sevenfold. The third position in this ranking was taken by Singapore (X units), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+103.1% per year) and Singapore (-7.9% per year).

In value terms, the United States ($X) remains the key foreign market for compressors for refrigeration equipment exports from Malaysia, comprising 39% of total exports. The second position in the ranking was held by Morocco ($X), with an 11% share of total exports. It was followed by China, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+106.5% per year) and China (+1.1% per year).

Export Prices by Country

The average refrigerator compressor export price stood at $X per unit in 2022, rising by 6.6% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 Morocco ($X per unit), while the average price for exports to Italy ($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 Singapore (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into Malaysia

In 2022, the amount of compressors for refrigeration equipment imported into Malaysia reduced to X units, falling by -7% on the previous year. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 73%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, refrigerator compressor imports reduced to $X in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Myanmar (X units) was the main refrigerator compressor supplier to Malaysia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Myanmar amounted to +3,346,842.3%.

In value terms, Myanmar ($X) constituted the largest supplier of compressors for refrigeration equipment to Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar amounted to +587,966.0%.

Import Prices by Country

In 2022, the average refrigerator compressor import price amounted to $X per unit, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 47%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +4.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for compressors for refrigeration equipment in the world?

The country with the largest volume of refrigerator compressor consumption was China, accounting for 29% of total volume. Moreover, refrigerator compressor consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.3% share.

What are the largest producers of compressors for refrigeration equipment in the world?

China remains the largest refrigerator compressor producing country worldwide, comprising approx. 50% of total volume. Moreover, refrigerator compressor production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was occupied by Japan, with a 5.8% share.

What are the leading suppliers of compressors for refrigeration equipment to Malaysia?

In value terms, China constituted the largest supplier of refrigerator compressor to Malaysia, comprising 49% of total imports. The second position in the ranking was occupied by Thailand, with an 8.4% share of total imports. It was followed by France, with a 5.5% share.

What are the leading importers of compressors for refrigeration equipment from Malaysia?

In value terms, the United States remains the key foreign market for refrigerator compressor exports from Malaysia, comprising 32% of total exports. The second position in the ranking was occupied by Egypt, with an 11% share of total exports. It was followed by Thailand, with a 10% share.

What is the average export price for compressors for refrigeration equipment in Malaysia?

In 2021, the average refrigerator compressor export price amounted to $40 per unit, jumping by 17% against the previous year.

What is the average import price for compressors for refrigeration equipment in Malaysia?

The average refrigerator compressor import price stood at $91 per unit in 2021, jumping by 31% against the previous year.

This report provides an in-depth analysis of the refrigerator compressor market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28132300 - Compressors for refrigeration equipment

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023