Malaysia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Malaysia

After two years of decline, the Malaysian market for diesel engines (other than for motor vehicles and aircraft) increased by 0.2% to $X in 2022. In general, consumption saw a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Malaysia

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) exported from Malaysia declined to X units, shrinking by -5.7% against the year before. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by 93%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) shrank slightly to $X in 2022. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 66%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Indonesia (X units), Belgium (X units) and Nigeria (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Malaysia, together accounting for 53% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +16.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) appeared to be the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Malaysia worldwide, with a combined 42% share of total exports. Nigeria, Thailand, China, Bangladesh, Brunei Darussalam, the United States, Belgium, Namibia and South Africa lagged somewhat behind, together comprising a further 47%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +29.4%, 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

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, rising by 2.8% against the previous year. Overall, the export price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Belgium ($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 Bangladesh (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Malaysia

For the sixth consecutive year, Malaysia recorded decline in supplies from abroad of diesel engines (other than for motor vehicles and aircraft), which decreased by -1.6% to X units in 2022. In general, imports saw a perceptible slump. The growth pace was the most rapid in 2016 with an increase of 58% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) stood at $X in 2022. Overall, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by 21% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Malaysia, accounting for a 46% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. Germany (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.2% per year) and Germany (+13.5% per year).

In value terms, Germany ($X), Singapore ($X) and China ($X) appeared to be the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Malaysia, together comprising 44% of total imports.

Singapore, with a CAGR of +7.4%, recorded 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

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, increasing by 2.4% against the previous year. Overall, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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