Malaysia: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Malaysia

After two years of growth, the Malaysian market for grinding, sanding and polishing machines decreased by -32.9% to $X in 2021. Overall, consumption, however, posted a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted notably in the following year.

Exports of Grinding, Sanding and Polishing Machines

Exports from Malaysia

In 2021, the amount of grinding, sanding and polishing machines exported from Malaysia soared to X units, with an increase of 308% compared with the previous year. Overall, exports continue to indicate notable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X units), Thailand (X units) and Vietnam (X units) were the main destinations of grinding, sanding and polishing machine exports from Malaysia, with a combined 59% share of total exports. Indonesia, China, Taiwan (Chinese), Sri Lanka, Japan and Singapore lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +123.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding, sanding and polishing machine exported from Malaysia were Japan ($X), India ($X) and China ($X), together accounting for 78% of total exports.

India, with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, shrinking by -28.6% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 66%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Thailand ($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 Japan (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding, Sanding and Polishing Machines

Imports into Malaysia

After four years of growth, purchases abroad of grinding, sanding and polishing machines decreased by -3.4% to X units in 2021. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 164% against the previous year. Imports peaked at X units in 2020, and then dropped slightly in the following year.

In value terms, grinding, sanding and polishing machine imports shrank sharply to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 149%. Over the period under review, imports attained the maximum at $X in 2020, and then shrank markedly in the following year.

Imports by Country

In 2021, China (X units) was the main grinding, sanding and polishing machine supplier to Malaysia, with a 91% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 0.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+41.4% per year) and Taiwan (Chinese) (-27.9% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machines to Malaysia, comprising 79% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Japan, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-8.6% per year) and Japan (-16.7% per year).

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, with a decrease of -21% against the previous year. Overall, the import price saw a abrupt decrease. The growth pace was the most rapid in 2013 when the average import price increased by 69% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a 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) (+27.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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