Malaysia: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Malaysia

In 2021, the Malaysian machine tool for metal market decreased by -48.1% to $X, falling for the second consecutive year after four years of growth. In general, consumption recorded a abrupt setback. Machine tool for metal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Malaysia

Machine tool for metal exports from Malaysia soared to X units in 2021, growing by 34% compared with 2020. Overall, exports, however, faced a significant decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 157%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 168% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), Singapore (X units) and India (X units) were the main destinations of machine tool for metal exports from Malaysia, together comprising 43% of total exports. The United Arab Emirates, Germany, Taiwan (Chinese), Thailand, New Zealand and Cambodia lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +73.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), India ($X) and Singapore ($X) appeared to be the largest markets for machine tool for metal exported from Malaysia worldwide, together comprising 47% of total exports. These countries were followed by Germany, Italy, New Zealand, the United Arab Emirates, Thailand, Cambodia and China, which together accounted for a further 21%.

Germany, with a CAGR of +31.9%, recorded the highest growth rate of 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 machine tool for metal export price stood at $X per unit in 2021, approximately equating the previous year. In general, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 420% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates ($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 New Zealand (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Malaysia

In 2021, imports of machine tools for working metal without removing metal into Malaysia dropped markedly to X units, waning by -41.9% compared with the previous year's figure. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 87%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, machine tool for metal imports fell dramatically to $X in 2021. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Saudi Arabia (X units) were the main suppliers of machine tool for metal imports to Malaysia, together comprising 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +44.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to Malaysia, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Taiwan (Chinese), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.6% per year) and Taiwan (Chinese) (-27.3% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, reducing by -17.5% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 61%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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