Malaysia: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Malaysia

In 2022, the Malaysian heat exchange unit market decreased by -5.6% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Heat exchange unit consumption peaked at $X in 2021, and then reduced in the following year.

Heat Exchange Unit Production in Malaysia

In value terms, heat exchange unit production reached $X in 2022 estimated in export price. Overall, production, however, saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of 85% against the previous year. Heat exchange unit production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Heat Exchange Unit Exports

Exports from Malaysia

After two years of decline, shipments abroad of heat exchange units increased by 20% to X units in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 31%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, heat exchange unit exports reached $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 34%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Turkmenistan (X units) and Japan (X units) were the main destinations of heat exchange unit exports from Malaysia, with a combined 44% share of total exports. These countries were followed by Singapore, Indonesia, Australia, Thailand, China, Germany, Saudi Arabia, Mexico, the United States and South Korea, which together accounted for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +47.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for heat exchange unit exported from Malaysia were the United Arab Emirates ($X), Turkmenistan ($X) and Japan ($X), with a combined 42% share of total exports. Singapore, Australia, Indonesia, Thailand, Germany, China, Saudi Arabia, the United States, South Korea and Mexico lagged somewhat behind, together accounting for a further 44%.

In terms of the main countries of destination, Germany, with a CAGR of +51.0%, saw the highest rates of growth with regard to 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

The average heat exchange unit export price stood at $X per unit in 2022, shrinking by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 9.6% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and South Korea ($X per unit), while the average price for exports to China ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Malaysia

In 2022, imports of heat exchange units into Malaysia fell to X units, which is down by -9.1% on the previous year. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 132%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, heat exchange unit imports contracted to $X in 2022. In general, imports recorded a deep slump. The growth pace was the most rapid in 2016 with an increase of 91% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X units), the United States (X units) and China (X units) were the main suppliers of heat exchange unit imports to Malaysia, with a combined 66% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +27.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest heat exchange unit suppliers to Malaysia were the United States ($X), the UK ($X) and China ($X), together accounting for 68% of total imports.

The UK, with a CAGR of +27.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average heat exchange unit import price amounted to $X per unit, growing by 4.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 10%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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