Malaysia: Escalator Market 2025

Escalator Market Size in Malaysia

In 2022, after two years of decline, there was significant growth in the Malaysian escalator market, when its value increased by 11% to $X. In general, consumption, however, continues to indicate a perceptible downturn. Escalator consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Escalator Production in Malaysia

In value terms, escalator production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a sharp contraction. Escalator production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Escalator Exports

Exports from Malaysia

Escalator exports from Malaysia contracted rapidly to X units in 2022, which is down by -42.3% on the year before. Overall, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 167% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, escalator exports fell dramatically to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 1,206% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for escalator exports from Malaysia, accounting for a 27% share of total exports. Moreover, escalator exports to the UK exceeded the volume sent to the second major destination, Brunei Darussalam (X units), fourfold. The third position in this ranking was held by the Philippines (X units), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (0.0% per year) and the Philippines (-17.7% per year).

In value terms, the largest markets for escalator exported from Malaysia were Saudi Arabia ($X), Vietnam ($X) and the UK ($X), with a combined 75% share of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +9.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average escalator export price stood at $X per unit in 2022, picking up by 13% against the previous year. In general, the export price saw buoyant growth. The growth pace was the most rapid in 2017 when the average export price increased by 390% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the Philippines ($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 Saudi Arabia (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Escalator Imports

Imports into Malaysia

In 2022, after two years of decline, there was significant growth in supplies from abroad of escalators and moving WalkWays, when their volume increased by 12% to X units. In general, imports, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 34% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, escalator imports expanded modestly to $X in 2022. Over the period under review, imports continue to indicate a mild expansion. The growth pace was the most rapid in 2015 when imports increased by 73% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest escalator supplier to Malaysia, accounting for a 78% share of total imports. Moreover, escalator imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was held by Japan (X units), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+41.9% per year) and Japan (+36.2% per year).

In value terms, China ($X) constituted the largest supplier of escalators and moving WalkWays to Malaysia, comprising 90% of total imports. The second position in the ranking was held by Spain ($X), with a 2.3% share of total imports. It was followed by Japan, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+27.0% per year) and Japan (+37.2% per year).

Import Prices by Country

The average escalator import price stood at $X per unit in 2022, waning by -6.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2019 when the average import price increased by 34% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+47.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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