Malaysia: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Malaysia

After two years of decline, the Malaysian gear cutting machine market increased by 270% to $X in 2021. In general, consumption posted a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Gear Cutting Machine Exports

Exports from Malaysia

In 2021, exports of gear cutting, gear grinding or gear finishing machines from Malaysia reduced dramatically to X units, shrinking by -83.5% against 2020 figures. In general, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2017 when exports increased by 1,330%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, gear cutting machine exports declined remarkably to $X in 2021. Overall, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2017 when exports increased by 832% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Congo (X units) was the main destination for gear cutting machine exports from Malaysia, with a 94% share of total exports. Moreover, gear cutting machine exports to Congo exceeded the volume sent to the second major destination, Indonesia (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Congo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-26.5% per year) and the United Arab Emirates (0.0% per year).

In value terms, Congo ($X) emerged as the key foreign market for gear cutting, gear grinding or gear finishing machines exports from Malaysia, comprising 80% of total exports. The second position in the ranking was held by Indonesia ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Congo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-25.9% per year) and the United Arab Emirates (0.0% per year).

Export Prices by Country

In 2021, the average gear cutting machine export price amounted to $X per unit, remaining stable against the previous year. In general, the export price, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2016 an increase of 209% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+156.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports into Malaysia

In 2021, supplies from abroad of gear cutting, gear grinding or gear finishing machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 when imports increased by 224%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, gear cutting machine imports soared to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 202% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main gear cutting machine supplier to Malaysia, accounting for a 96% share of total imports. It was followed by Singapore (X units), with a 1.7% share of total imports. The third position in this ranking was held by Japan (X units), with a 1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-25.8% per year) and Japan (-33.9% per year).

In value terms, China ($X) constituted the largest supplier of gear cutting, gear grinding or gear finishing machines to Malaysia, comprising 91% of total imports. The second position in the ranking was held by Japan ($X), with a 3% share of total imports. It was followed by Taiwan (Chinese), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-24.8% per year) and Taiwan (Chinese) (+6.8% per year).

Import Prices by Country

The average gear cutting machine import price stood at $X per unit in 2021, picking up by 22% against the previous year. Overall, the import price showed a noticeable increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 56% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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