Malaysia: Market for Continuous-Action Elevators And Conveyors 2025

Market Size for Continuous-Action Elevators And Conveyors in Malaysia

The Malaysian continuous-action elevators and conveyors market soared to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. Continuous-action elevators and conveyors consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Continuous-Action Elevators And Conveyors in Malaysia

In value terms, continuous-action elevators and conveyors production expanded rapidly to $X in 2022 estimated in export price. Overall, production saw a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Continuous-Action Elevators And Conveyors

Exports from Malaysia

In 2022, shipments abroad of continuous-action elevators and conveyors decreased by X% to X units, falling for the fourth consecutive year after two years of growth. In general, exports recorded a slight curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, continuous-action elevators and conveyors exports declined to $X in 2022. Overall, exports saw a noticeable decline. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for continuous-action elevators and conveyors exports from Malaysia, with a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to the United States exceeded the volume sent to the second major destination, Singapore (X units), threefold. The third position in this ranking was taken by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

In value terms, the largest markets for continuous-action elevators and conveyors exported from Malaysia were Singapore ($X), Thailand ($X) and the United States ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, 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

In 2022, the average continuous-action elevators and conveyors export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Indonesia ($X per unit), while the average price for exports to the Netherlands ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports into Malaysia

In 2022, purchases abroad of continuous-action elevators and conveyors increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, continuous-action elevators and conveyors imports soared to $X in 2022. Overall, imports posted a slight increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of continuous-action elevators and conveyors to Malaysia, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by South Korea (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to Malaysia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average continuous-action elevators and conveyors import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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