Malaysia: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Malaysia

In 2021, after three years of decline, there was significant growth in the Malaysian dry-cleaning machine market, when its value increased by 20% to $X. In general, consumption, however, showed a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Dry-Cleaning Machine Production in Malaysia

In value terms, dry-cleaning machine production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Dry-cleaning machine production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Dry-Cleaning Machine Exports

Exports from Malaysia

In 2021, dry-cleaning machine exports from Malaysia skyrocketed to X units, growing by 300% on the previous year's figure. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 450%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, dry-cleaning machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2017 when exports increased by 404%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for dry-cleaning machine exports from Malaysia, accounting for a approx. 75% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at -3.5%.

In value terms, China ($X) emerged as the key foreign market for dry-cleaning machines exports from Malaysia, comprising 47% of total exports. The second position in the ranking was held by Singapore ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +10.9%.

Export Prices by Country

The average dry-cleaning machine export price stood at $X per unit in 2021, with a decrease of -53.9% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-10.0%), while the prices for the other major destinations experienced a decline.

Dry-Cleaning Machine Imports

Imports into Malaysia

In 2021, supplies from abroad of dry-cleaning machines increased by 26% to X units, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 1,044%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, dry-cleaning machine imports declined modestly to $X in 2021. Overall, imports, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 1,306% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of dry-cleaning machine to Malaysia, accounting for a 79% share of total imports. Moreover, dry-cleaning machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. Indonesia (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.7% per year) and Indonesia (0.0% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Italy ($X) appeared to be the largest dry-cleaning machine suppliers to Malaysia, together accounting for 95% of total imports. These countries were followed by the United States and Indonesia, which together accounted for a further 3.8%.

Indonesia, with a CAGR of +3.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average dry-cleaning machine import price stood at $X per unit in 2021, declining by -24.1% against the previous year. Overall, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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