Malaysia: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Malaysia

The Malaysian market for equipment for scaffolding, shuttering, propping or pit propping was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, recorded a slight contraction. Scaffolding, shuttering, and propping equipment consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Malaysia

In value terms, scaffolding, shuttering, and propping equipment production surged to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Malaysia

In 2021, approx. X tons of equipment for scaffolding, shuttering, propping or pit propping were exported from Malaysia; picking up by 100% against the year before. Overall, exports showed a notable expansion. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment exports soared to $X in 2021. Over the period under review, exports, however, saw a mild downturn. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Thailand (X tons) and Bangladesh (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Malaysia, with a combined 40% share 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 Bangladesh (with a CAGR of +56.4%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Brunei Darussalam ($X) and Singapore ($X) constituted the largest markets for scaffolding, shuttering, and propping equipment exported from Malaysia worldwide, together accounting for 32% of total exports. The Philippines, Australia, the United States, Indonesia, Ukraine, Bangladesh, Lebanon, Qatar, the United Arab Emirates and Germany lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +39.2%, recorded 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

In 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, increasing by 4.4% against the previous year. Overall, the export price, however, showed a perceptible decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Bangladesh ($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 Brunei Darussalam (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Malaysia

In 2021, approx. X tons of equipment for scaffolding, shuttering, propping or pit propping were imported into Malaysia; reducing by -29.3% on 2020 figures. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 48% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports contracted remarkably to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 190%. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of scaffolding, shuttering, and propping equipment to Malaysia, accounting for a 57% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), ninefold. The third position in this ranking was held by Vietnam (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+50.3% per year) and Vietnam (+45.9% per year).

In value terms, China ($X) constituted the largest supplier of equipment for scaffolding, shuttering, propping or pit propping to Malaysia, comprising 48% of total imports. The second position in the ranking was taken by Austria ($X), with a 7.6% share of total imports. It was followed by the Philippines, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+60.9% per year) and the Philippines (+51.0% per year).

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, with an increase of 12% against the previous year. Overall, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 96%. The import price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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