Malaysia: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Malaysia

The Malaysian internal combustion engine equipment market fell to $X in 2022, with a decrease of -13.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from Malaysia

In 2022, exports of equipment for internal combustion engines from Malaysia soared to X units, increasing by 65% compared with the year before. In general, exports, however, saw a deep contraction. The growth pace was the most rapid in 2015 with an increase of 237%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, internal combustion engine equipment exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by 434% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for internal combustion engine equipment exports from Malaysia, with a 48% share of total exports. Moreover, internal combustion engine equipment exports to China exceeded the volume sent to the second major destination, Saudi Arabia (X units), fourfold. The third position in this ranking was held by Mexico (X units), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+44.4% per year) and Mexico (-9.4% per year).

In value terms, Vietnam ($X) remains the key foreign market for equipment for internal combustion engines exports from Malaysia, comprising 45% of total exports. The second position in the ranking was taken by China ($X), with an 8.5% share of total exports. It was followed by Mexico, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-6.4% per year) and Mexico (+0.3% per year).

Export Prices by Country

The average internal combustion engine equipment export price stood at $X per unit in 2022, falling by -4.4% against the previous year. Over the period under review, the export price showed a perceptible setback. The growth pace was the most rapid in 2015 when the average export price increased by 58% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Syrian Arab Republic ($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 Vietnam (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Internal Combustion Engines

Imports into Malaysia

In 2022, the amount of equipment for internal combustion engines imported into Malaysia declined to X units, with a decrease of -9% compared with 2021. In general, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2014 with an increase of 270% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, internal combustion engine equipment imports declined to $X in 2022. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 167% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest internal combustion engine equipment supplier to Malaysia, accounting for a 52% share of total imports. Moreover, internal combustion engine equipment imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Thailand (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-29.3% per year) and Thailand (-8.8% per year).

In value terms, the largest internal combustion engine equipment suppliers to Malaysia were Thailand ($X), China ($X) and Japan ($X), with a combined 65% share of total imports. Indonesia, Germany, Hong Kong SAR and South Korea lagged somewhat behind, together accounting for a further 9.2%.

In terms of the main suppliers, Indonesia, with a CAGR of +9.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average internal combustion engine equipment import price amounted to $X per unit, with an increase of 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, 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 ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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