Malaysia: Accumulator Market 2024

Accumulator Market Size in Malaysia

The Malaysian accumulator market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption showed significant growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Accumulator Production in Malaysia

In value terms, accumulator production amounted to $X in 2022 estimated in export price. Overall, production posted a significant increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Accumulator production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Accumulator Exports

Exports from Malaysia

In 2022, overseas shipments of electric accumulators increased by X% to X units, rising for the seventh consecutive year after two years of decline. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, accumulator exports soared to $X in 2022. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Hong Kong SAR (X units), Vietnam (X units) and China (X units) were the main destinations of accumulator exports from Malaysia, together accounting for X% of total exports. The United States, Mexico, Singapore, Hungary and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), Hong Kong SAR ($X) and China ($X) constituted the largest markets for accumulator exported from Malaysia worldwide, together accounting for X% of total exports. Vietnam, Mexico, Hungary, Singapore and Germany lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Mexico, with a CAGR of X%, saw 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

The average accumulator export price stood at $X per unit in 2022, leveling off at the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Vietnam ($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 Hungary (X%), while the prices for the other major destinations experienced a decline.

Accumulator Imports

Imports into Malaysia

In 2022, the amount of electric accumulators imported into Malaysia skyrocketed to X units, jumping by X% against 2021 figures. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, accumulator imports soared to $X in 2022. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest accumulator supplier to Malaysia, accounting for a X% share of total imports. Moreover, accumulator imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), more than tenfold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of electric accumulators to Malaysia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

Import Prices by Country

The average accumulator import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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