Malaysia: Test And Measurement Market 2024

Test And Measurement Market Size in Malaysia

After two years of growth, the Malaysian test and measurement market decreased by -3.4% to $X in 2021. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.2% against 2018 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Test And Measurement Production in Malaysia

In value terms, test and measurement production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +47.1% against 2018 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Test And Measurement Exports

Exports from Malaysia

In 2021, test and measurement exports from Malaysia dropped markedly to X units, which is down by -34.2% on 2020. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 57% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, test and measurement exports shrank dramatically to $X in 2021. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and South Korea (X units) were the main destinations of test and measurement exports from Malaysia, with a combined 79% share of total exports. Thailand, Germany, Japan, India and the Netherlands lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +98.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest markets for test and measurement exported from Malaysia worldwide, together comprising 63% of total exports. These countries were followed by South Korea, the Netherlands, Thailand, Japan and India, which together accounted for a further 29%.

India, with a CAGR of +18.2%, saw the highest rates of growth with regard to 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 test and measurement export price stood at $X per unit in 2021, picking up by 3.3% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, test and measurement export price decreased by -10.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, 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 Germany ($X per unit), while the average price for exports to the United States ($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 (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Malaysia

In 2021, approx. X units of instruments and apparatus for measuring or checking pressure of liquids or gasses were imported into Malaysia; leveling off at the previous year. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, test and measurement imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 27%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X units), China (X units) and the United States (X units) were the main suppliers of test and measurement imports to Malaysia, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +78.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of instruments and apparatus for measuring or checking pressure of liquids or gasses to Malaysia, comprising 32% of total imports. The second position in the ranking was held by Singapore ($X), with an 11% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+1.2% per year) and Germany (-1.0% per year).

Import Prices by Country

In 2021, the average test and measurement import price amounted to $X per unit, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 46%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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