Malaysia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Malaysia

In 2021, after five years of growth, there was significant decline in the Malaysian wood drilling machine market, when its value decreased by -25.9% to $X. In general, consumption, however, enjoyed a buoyant expansion. Wood drilling machine consumption peaked at $X in 2020, and then declined rapidly in the following year.

Wood Drilling Machine Production in Malaysia

In value terms, wood drilling machine production dropped rapidly to $X in 2021 estimated in export price. In general, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. As a result, production attained the peak level of $X, and then contracted significantly in the following year.

Wood Drilling Machine Exports

Exports from Malaysia

In 2021, shipments abroad of drilling or morticing machines was finally on the rise to reach X units after two years of decline. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 1,445%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports surged to $X in 2021. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 522% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), the Netherlands (X units) and China (X units) were the main destinations of wood drilling machine exports from Malaysia, together comprising 86% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +480.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for drilling or morticing machines exports from Malaysia, comprising 64% of total exports. The second position in the ranking was held by Thailand ($X), with an 18% share of total exports. It was followed by Indonesia, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +643.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+2.2% per year) and Indonesia (+16.5% per year).

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, declining by -49.7% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 95% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average 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 Thailand ($X per unit), while the average price for exports to the Netherlands ($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 the United States (+28.4%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Drilling Machine Imports

Imports into Malaysia

In 2021, wood drilling machine imports into Malaysia rose rapidly to X units, picking up by 8.7% on the year before. In general, imports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2014 when imports increased by 101% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood drilling machine imports surged to $X in 2021. Overall, imports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2014 with an increase of 505%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood drilling machine to Malaysia, with a 88% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), tenfold. South Korea (X units) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.2% per year) and South Korea (+50.7% per year).

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the largest wood drilling machine suppliers to Malaysia, together accounting for 91% of total imports.

Among the main suppliers, South Korea, with a CAGR of +83.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, growing by 42% against the previous year. Over the period under review, the import price showed a tangible expansion. The pace of growth was the most pronounced in 2014 an increase of 202%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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