Malaysia: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Malaysia

In 2021, after three years of growth, there was significant decline in the Malaysian market for electro-thermic appliances or domestic purposes, when its value decreased by -34.9% to $X. Over the period under review, consumption showed a mild setback. Electro-thermic appliances or domestic purposes consumption peaked at $X in 2020, and then shrank significantly in the following year.

Production of Electro-Thermic Appliances Or Domestic Purposes in Malaysia

In value terms, electro-thermic appliances or domestic purposes production fell slightly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 119%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Malaysia

In 2021, approx. X units of electro-thermic appliances or domestic purposes were exported from Malaysia; shrinking by -72.9% compared with the previous year's figure. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 115%. The exports peaked at X units in 2020, and then reduced dramatically in the following year.

In value terms, electro-thermic appliances or domestic purposes exports dropped significantly to $X in 2021. Over the period under review, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2016 when exports increased by 165%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X units), Vietnam (X units) and Turkey (X units) were the main destinations of electro-thermic appliances or domestic purposes exports from Malaysia, with a combined 63% share of total exports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +105.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Turkey ($X) and Vietnam ($X) were the largest markets for electro-thermic appliances or domestic purposes exported from Malaysia worldwide, with a combined 83% share of total exports.

Among the main countries of destination, Turkey, with a CAGR of +106.8%, 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 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, reducing by -12.9% against the previous year. In general, the export price, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2017 an increase of 32%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Malaysia

After four years of growth, purchases abroad of electro-thermic appliances or domestic purposes decreased by -43% to X units in 2021. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 145%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes imports contracted notably to $X in 2021. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 97% against the previous year. Imports peaked at $X in 2020, and then shrank markedly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest electro-thermic appliances or domestic purposes supplier to Malaysia, accounting for a 90% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+52.9% per year) and France (+76.4% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Malaysia, comprising 82% of total imports. The second position in the ranking was taken by France ($X), with a 6.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+62.6% per year) and the United States (+16.2% per year).

Import Prices by Country

In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $X per unit, with a decrease of -26.4% against the previous year. In general, the import price saw a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of 25%. The import price peaked at $X per unit in 2020, and then reduced sharply in the following year.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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