Malaysia: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Malaysia

After two years of growth, the Malaysian cranks and crankshafts market decreased by -0.5% to $X in 2022. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +41.0% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Cranks And Crankshafts Exports

Exports from Malaysia

Cranks and crankshafts exports from Malaysia shrank to X tons in 2022, which is down by -5.6% against the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 51%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cranks and crankshafts exports contracted to $X in 2022. Overall, exports saw a mild downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 59% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Papua New Guinea (X tons) and Indonesia (X tons) were the main destinations of cranks and crankshafts exports from Malaysia, together accounting for 77% of total exports. China, Vietnam, Solomon Islands, Thailand, the United States, Japan and the UK lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +17.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cranks and crankshafts exported from Malaysia were Singapore ($X), Papua New Guinea ($X) and Indonesia ($X), together comprising 78% of total exports. China, Vietnam, Solomon Islands, the United States, Thailand, Japan and the UK lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, China, with a CAGR of +15.4%, recorded the highest growth rate of 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 cranks and crankshafts export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and the United States ($X per ton), while the average price for exports to Japan ($X per ton) and Thailand ($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 Solomon Islands (-1.6%), while the prices for the other major destinations experienced a decline.

Cranks And Crankshafts Imports

Imports into Malaysia

In 2022, the amount of cranks and crankshafts imported into Malaysia rose slightly to X tons, picking up by 2.7% on 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 37% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cranks and crankshafts imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 23% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and Germany (X tons) were the main suppliers of cranks and crankshafts imports to Malaysia, with a combined 55% share of total imports. The United States, Indonesia, India, Thailand, Vietnam and Singapore lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +45.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts suppliers to Malaysia were Japan ($X), China ($X) and Germany ($X), with a combined 55% share of total imports. The United States, Indonesia, India, Thailand, Vietnam and Singapore lagged somewhat behind, together comprising a further 34%.

Vietnam, with a CAGR of +40.2%, saw the highest rates of growth with regard to the value of imports, among 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 cranks and crankshafts import price stood at $X per ton in 2022, dropping by -6.2% against the previous year. In general, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and India ($X per ton), while the price for Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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