Report Update Nov 1, 2024

Malaysia - Hay-Making Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in Malaysia

The Malaysian hay-making machinery market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2017 when the market value increased by 8.4%. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Hay-Making Machinery Production in Malaysia

In value terms, hay-making machinery production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 8.8%. Hay-making machinery production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Hay-Making Machinery Exports

Exports from Malaysia

In 2018, shipments abroad of hay-making machinery increased by 50% to X units for the first time since 2014, thus ending a three-year declining trend. Overall, exports, however, showed a dramatic decrease. The growth pace was the most rapid in 2013 when exports increased by 83%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2018, the exports stood at a somewhat lower figure.

In value terms, hay-making machinery exports soared to $X in 2018. In general, exports, however, faced a significant contraction. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, the United States ($X) remains the key foreign market for hay-making machinery exports from Malaysia, comprising 97% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-57.4% per year) and Singapore (-51.1% per year).

Export Prices by Country

The average hay-making machinery export price stood at $X per unit in 2021, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 33%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Indonesia ($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 (+1.5%), while the prices for the other major destinations experienced a decline.

Hay-Making Machinery Imports

Imports into Malaysia

In 2021, supplies from abroad of hay-making machinery decreased by -33.3% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 100% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, hay-making machinery imports shrank slightly to $X in 2021. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 272%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of hay-making machinery to Malaysia, accounting for a approx. 75% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +5.2%.

In value terms, the UK ($X) constituted the largest supplier of hay-making machinery to Malaysia, comprising 48% of total imports. The second position in the ranking was taken by Thailand ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+14.2% per year) and China (-35.0% per year).

Import Prices by Country

In 2021, the average hay-making machinery import price amounted to $X per unit, jumping by 25% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 88%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+698.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hay-making machinery in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 43% of global consumption. Pakistan, Russia, Nigeria, Brazil, Indonesia, France, Ethiopia, Canada, Germany and Spain lagged somewhat behind, together comprising a further 26%.

What are the largest producers of hay-making machinery in the world?

China remains the largest hay-making machinery producing country worldwide, comprising approx. 22% of total volume. Moreover, hay-making machinery production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.7% share.

What are the leading suppliers of hay-making machinery to Malaysia?

In value terms, the largest hay-making machinery suppliers to Malaysia were China and the United States.

What are the leading importers of hay-making machinery from Malaysia?

In value terms, Singapore remains the key foreign market for hay-making machinery exports from Malaysia, comprising 69% of total exports. The second position in the ranking was occupied by Indonesia, with a 31% share of total exports.

What is the average export price for hay-making machinery in Malaysia?

The average hay-making machinery export price stood at $11,901 per unit in 2021, remaining relatively unchanged against the previous year.

What is the average import price for hay-making machinery in Malaysia?

The average hay-making machinery import price stood at $13,446 per unit in 2021, jumping by 326% against the previous year.

This report provides an in-depth analysis of the hay-making machinery market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28305200 - Hay-making machinery

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023