Malaysia: Industrial Robot Market 2024

Industrial Robot Market Size in Malaysia

After three years of decline, the Malaysian industrial robot market increased by 48% to $X in 2021. Over the period under review, consumption, however, continues to indicate a noticeable decline. Industrial robot consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Industrial Robot Exports

Exports from Malaysia

In 2021, overseas shipments of industrial robots for multiple uses increased by 23% to X units, rising for the third year in a row after two years of decline. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 116%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, industrial robot exports fell sharply to $X in 2021. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by 142%. The exports peaked at $X in 2020, and then dropped markedly in the following year.

Exports by Country

Indonesia (X units), China (X units) and Singapore (X units) were the main destinations of industrial robot exports from Malaysia, together accounting for 70% of total exports. India, the United States, Vietnam, Japan and Thailand lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +107.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial robot exported from Malaysia were Indonesia ($X), China ($X) and Singapore ($X), with a combined 68% share of total exports. These countries were followed by India, the United States, Vietnam, Japan and Thailand, which together accounted for a further 25%.

India, with a CAGR of +154.4%, 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

In 2021, the average industrial robot export price amounted to $X per unit, shrinking by -33.9% against the previous year. Overall, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2019 an increase of 61% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Japan ($X per unit) and Thailand ($X per unit), while the average price for exports to India ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Robot Imports

Imports into Malaysia

In 2021, after four years of decline, there was significant growth in purchases abroad of industrial robots for multiple uses, when their volume increased by 49% to X units. Overall, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 65%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, industrial robot imports skyrocketed to $X in 2021. In general, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 43%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and Singapore (X units) were the main suppliers of industrial robot imports to Malaysia, together accounting for 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Singapore ($X) appeared to be the largest industrial robot suppliers to Malaysia, with a combined 74% share of total imports.

Singapore, with a CAGR of +34.3%, saw 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 2021, the average industrial robot import price amounted to $X per unit, reducing by -9.9% against the previous year. In general, the import price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 78% against the previous year. The import price peaked at $X per unit in 2020, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Hong Kong SAR ($X per unit) and the United States ($X per unit), while the price for South Korea ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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