Malaysia: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Malaysia

The Malaysian machine-tool for removing material market soared to $X in 2021, rising by 21% against the previous year. Overall, consumption saw a strong increase. Machine-tool for removing material consumption peaked in 2021 and is likely to continue growth in years to come.

Production of Machine-Tools For Working Any Material By Removal Of Material in Malaysia

In value terms, machine-tool for removing material production stood at $X in 2021 estimated in export price. In general, production showed buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 346% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Malaysia

Machine-tool for removing material exports from Malaysia dropped to X units in 2021, with a decrease of -13% on the previous year's figure. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 509%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports surged to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 387% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units), Japan (X units) and Singapore (X units) were the main destinations of machine-tool for removing material exports from Malaysia, with a combined 62% share 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 Japan (with a CAGR of +41.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from Malaysia were Singapore ($X), China ($X) and Japan ($X), with a combined 54% share of total exports.

Japan, with a CAGR of +26.5%, 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 machine-tool for removing material export price amounted to $X per unit, surging by 70% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Singapore ($X per unit), while the average price for exports to Germany ($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 Singapore (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Malaysia

In 2021, overseas purchases of machine-tools for working any material by removal of material were finally on the rise to reach X units after two years of decline. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by 116%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material imports soared to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 2015 when imports increased by 67% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Malaysia, with a 67% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), sevenfold. The United States (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+8.9% per year) and the United States (-2.0% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Malaysia, comprising 57% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.7% share of total imports. It was followed by South Korea, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.8% per year) and South Korea (+13.1% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, shrinking by -25.7% against the previous year. Over the period under review, the import price saw a pronounced setback. The growth pace was the most rapid in 2013 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 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, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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