Malaysia: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Malaysia

The Malaysian market for in-hand motor grinders, sanders and planers skyrocketed to $X in 2021, jumping by 44% against the previous year. In general, consumption, however, saw a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of In-Hand Motor Grinders, Sanders And Planers in Malaysia

In value terms, production of in-hand motor grinders, sanders and planers totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8.9%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Malaysia

In 2021, shipments abroad of in-hand motor grinders, sanders and planers increased by 25% to X units, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 86%. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 103%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), Hungary (X units) and the United States (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Malaysia, with a combined 47% share of total exports. These countries were followed by China, Slovenia, South Korea, Singapore, Brazil, Russia, the Philippines, Japan, Australia and the United Arab Emirates, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were in Slovenia (with a CAGR of +515.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Malaysia were Germany ($X), Hungary ($X) and the United States ($X), with a combined 40% share of total exports. These countries were followed by China, Slovenia, South Korea, Singapore, Japan, the United Arab Emirates, Brazil, Russia, the Philippines and Australia, which together accounted for a further 44%.

Slovenia, with a CAGR of +574.8%, recorded the highest growth rate of the value of exports, among 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 export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with an increase of 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Russia ($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 (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Malaysia

Imports of in-hand motor grinders, sanders and planers into Malaysia surged to X units in 2021, rising by 181% on the year before. In general, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main electromechanical tools for working in the hand, with self-contained electric motor supplier to Malaysia, accounting for a 98% share of total imports. It was followed by Singapore (X units), with a 0.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-25.8% per year) and Germany (-2.1% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Malaysia, comprising 85% of total imports. The second position in the ranking was held by Singapore ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-12.8% per year) and Germany (-0.1% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, waning by -30.5% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2016 an increase of 31%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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