Malaysia: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in Malaysia

The Malaysian concrete-mixer lorry market surged to $X in 2022, with an increase of 112% 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 abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Concrete-Mixer Lorry Exports

Exports from Malaysia

In 2022, overseas shipments of concrete-mixer lorries decreased by -18.2% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 125% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, concrete-mixer lorry exports dropped markedly to $X in 2022. Overall, exports, however, recorded modest growth. The pace of growth was the most pronounced in 2019 when exports increased by 231%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Brunei Darussalam (X units), Indonesia (X units) and Papua New Guinea (X units) were the main destinations of concrete-mixer lorry exports from Malaysia, together accounting for 89% 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 Brunei Darussalam (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, Brunei Darussalam ($X) remains the key foreign market for concrete-mixer lorries exports from Malaysia, comprising 82% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 9.5% share of total exports. It was followed by Papua New Guinea, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Brunei Darussalam stood at +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-16.1% per year) and Papua New Guinea (-11.9% per year).

Export Prices by Country

In 2022, the average concrete-mixer lorry export price amounted to $X per unit, falling by -15.8% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 189%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per unit), while the average price for exports to Singapore ($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 Vietnam (+815.9%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete-Mixer Lorry Imports

Imports into Malaysia

Concrete-mixer lorry imports into Malaysia surged to X units in 2022, growing by 100% compared with the previous year. Overall, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 132% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, concrete-mixer lorry imports surged to $X in 2022. In general, imports, however, continue to indicate a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 115%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest concrete-mixer lorry supplier to Malaysia, accounting for a 89% share of total imports. Moreover, concrete-mixer lorry imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Brunei Darussalam (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-24.7% per year) and Brunei Darussalam (+7.2% per year).

In value terms, China ($X) constituted the largest supplier of concrete-mixer lorries to Malaysia, comprising 87% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports. It was followed by Brunei Darussalam, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.8% per year) and Brunei Darussalam (+19.1% per year).

Import Prices by Country

The average concrete-mixer lorry import price stood at $X per unit in 2022, with a decrease of -2.7% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete-mixer lorry import price increased by +1.7% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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