Malaysia: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Malaysia

In 2022, the Malaysian sugar-manufacturing industrial machinery market was finally on the rise to reach $X after five years of decline. In general, consumption, however, continues to indicate a deep contraction. Sugar-manufacturing industrial machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Malaysia

In value terms, sugar-manufacturing industrial machinery production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 5.1%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Malaysia

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were exported from Malaysia; picking up by 2.7% against the year before. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 9,350%. The exports peaked at X units in 2020; afterwards, it flattened through to 2022.

In value terms, sugar-manufacturing industrial machinery exports reduced to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 9,655% against the previous year. The exports peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Mauritius (X units), Brunei Darussalam (X units) and India (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Malaysia, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +1,757.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar-manufacturing industrial machinery exported from Malaysia were Mauritius ($X), Brunei Darussalam ($X) and India ($X).

In terms of the main countries of destination, Brunei Darussalam, with a CAGR of +2,785.5%, recorded 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

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, declining by -2.9% against the previous year. In general, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 53%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per unit), while the average price for exports to Mauritius ($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 Brunei Darussalam (+81.7%), while the prices for the other major destinations experienced a decline.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Malaysia

In 2022, sugar-manufacturing industrial machinery imports into Malaysia surged to X units, picking up by 131% on 2021. Over the period under review, imports, however, saw a precipitous shrinkage. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports soared to $X in 2022. Overall, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 115% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sugar-manufacturing industrial machinery to Malaysia, accounting for a 71% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-25.3% per year) and India (-10.0% per year).

In value terms, China ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Malaysia, comprising 69% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by India, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-19.5% per year) and India (-8.2% per year).

Import Prices by Country

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $X per unit, dropping by -16.4% against the previous year. Overall, the import price, however, showed a temperate increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 81%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Belgium ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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