Malaysia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Malaysia

The Malaysian lathe for removing metal market was estimated at $X in 2021, growing by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Malaysia

In 2021, the amount of lathes for removing metal exported from Malaysia soared to X units, with an increase of 173% on 2020. In general, exports recorded buoyant growth. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports surged to $X in 2021. Overall, exports posted a noticeable increase. Over the period under review, the lafor removing metal exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

India (X units), Vietnam (X units) and Singapore (X units) were the main destinations of lathe for removing metal exports from Malaysia, together accounting for 61% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +34.8%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) emerged as the key foreign market for lathes for removing metal exports from Malaysia, comprising 30% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam totaled +49.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.3% per year) and the United States (-1.5% per year).

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, remaining stable against the previous year. In general, the export price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of 50% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to India ($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 Turkey (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Malaysia

In 2021, approx. X units of lathes for removing metal were imported into Malaysia; surging by 5.6% on the previous year. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 72% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, lathe for removing metal imports soared to $X in 2021. In general, imports, however, recorded a pronounced curtailment. Over the period under review, lafor removing metal imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of lathe for removing metal imports to Malaysia, together accounting for 83% of total imports. These countries were followed by Singapore, Thailand and South Korea, which together accounted for a further 14%.

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 +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lathe for removing metal suppliers to Malaysia were Japan ($X), China ($X) and Thailand ($X), with a combined 71% share of total imports.

Thailand, with a CAGR of +12.3%, recorded the highest growth rate of 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 lathe for removing metal import price amounted to $X per unit, jumping by 36% against the previous year. In general, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 50%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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