Malaysia: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Malaysia

The Malaysian machine-tool for working metal market declined slightly to $X in 2021, flattening at the previous year. Overall, consumption, however, recorded a abrupt downturn. Machine-tool for working metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in Malaysia

In value terms, machine-tool for working metal production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 180%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from Malaysia

In 2021, overseas shipments of machine tools for working metal were finally on the rise to reach X units after two years of decline. Overall, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal exports surged to $X in 2021. In general, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Singapore (X units) and the Philippines (X units) were the main destinations of machine-tool for working metal exports from Malaysia, with a combined 62% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +34.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from Malaysia were China ($X), Taiwan (Chinese) ($X) and Thailand ($X), together accounting for 72% of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +27.6%, recorded the highest growth rate of 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 2021, the average machine-tool for working metal export price amounted to $X per unit, waning by -1.9% against the previous year. In general, the export price saw a slight reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 33%. 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 remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the Philippines ($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 Taiwan (Chinese) (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal

Imports into Malaysia

Machine-tool for working metal imports into Malaysia soared to X units in 2021, jumping by 112% against 2020. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports soared to $X in 2021. Over the period under review, imports, however, showed a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for working metal supplier to Malaysia, accounting for a 67% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), eightfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.6% per year) and Taiwan (Chinese) (-2.4% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal to Malaysia, comprising 37% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.8% share of total imports. It was followed by Japan, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.0% per year) and Japan (-8.8% per year).

Import Prices by Country

In 2021, the average machine-tool for working metal import price amounted to $X per unit, reducing by -17.5% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 51%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Spain ($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 (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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