Malaysia: Hvac Equipment Market 2024

Hvac Equipment Market Size in Malaysia

In 2022, the Malaysian HVAC equipment market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Hvac Equipment Production in Malaysia

In value terms, HVAC equipment production stood at $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Hvac Equipment Exports

Exports from Malaysia

In 2022, the amount of HVAC equipment exported from Malaysia expanded significantly to X units, with an increase of X% on 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, HVAC equipment exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Vietnam (X units) was the main destination for HVAC equipment exports from Malaysia, accounting for a X% share of total exports. Moreover, HVAC equipment exports to Vietnam exceeded the volume sent to the second major destination, Japan (X units), twofold. The third position in this ranking was held by Indonesia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Indonesia (X% per year).

In value terms, Vietnam ($X), Germany ($X) and Indonesia ($X) constituted the largest markets for HVAC equipment exported from Malaysia worldwide, together comprising X% of total exports. Australia, the United States, Japan, France, Italy, the Philippines, Singapore, the UK, Hong Kong SAR and China lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

The average HVAC equipment export price stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the export price showed a slight setback. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, 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 the Philippines ($X per unit), while the average price for exports to China ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hvac Equipment Imports

Imports into Malaysia

In 2022, the amount of HVAC equipment imported into Malaysia dropped remarkably to X units, reducing by X% compared with 2021 figures. Over the period under review, imports, however, enjoyed slight growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then dropped markedly in the following year.

In value terms, HVAC equipment imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to Malaysia, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), more than tenfold. The third position in this ranking was taken by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Malaysia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average HVAC equipment import price amounted to $X per unit, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform