Malaysia: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Malaysia

In 2021, the Malaysian electrical circuit apparatus market increased by 31% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.

Electrical Circuit Apparatus Production in Malaysia

In value terms, electrical circuit apparatus production reached $X in 2021 estimated in export price. In general, production posted tangible growth. Electrical circuit apparatus production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports from Malaysia

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 15%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus exports fell to $X in 2021. Overall, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of 19%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Japan (X tons) and the United States (X tons) were the main destinations of electrical circuit apparatus exports from Malaysia, together accounting for 48% of total exports. These countries were followed by Hong Kong SAR, China, the Netherlands, Thailand, Germany, India, South Korea, Taiwan (Chinese), Indonesia, the UK and Mexico, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +12.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Japan ($X) and the United States ($X) constituted the largest markets for electrical circuit apparatus exported from Malaysia worldwide, together accounting for 50% of total exports. Hong Kong SAR, China, Thailand, the Netherlands, Germany, Taiwan (Chinese), India, South Korea, Indonesia, Mexico and the UK lagged somewhat behind, together accounting for a further 40%.

India, with a CAGR of +9.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 electrical circuit apparatus export price amounted to $X per ton, falling by -8.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 11%. The export price peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Malaysia

In 2021, approx. X tons of electrical apparatus for circuit connection, switching and protection were imported into Malaysia; with an increase of 20% on 2020 figures. The total import volume increased at an average annual rate of +6.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports soared to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest electrical circuit apparatus supplier to Malaysia, accounting for a 36% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.0% per year) and Taiwan (Chinese) (+22.1% per year).

In value terms, China ($X) constituted the largest supplier of electrical circuit apparatus to Malaysia, comprising 36% of total imports. The second position in the ranking was taken by Singapore ($X), with an 11% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-3.0% per year) and the United States (+0.4% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per ton, picking up by 9.2% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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