Malaysia: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Malaysia

The Malaysian market for machine-tools for working stone, ceramics, and concrete was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, saw a mild decrease. Machine tools for working stone consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Malaysia

In value terms, machine tools for working stone production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 300% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Malaysia

In 2022, exports of machine-tools for working stone, ceramics, and concrete from Malaysia expanded markedly to X units, increasing by 8.6% on the year before. Overall, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 586% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine tools for working stone exports expanded markedly to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 686%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X units), Algeria (X units) and China (X units) were the main destinations of machine tools for working stone exports from Malaysia, together comprising 90% of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +110.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Algeria ($X) and China ($X) constituted the largest markets for machine tools for working stone exported from Malaysia worldwide, together accounting for 90% of total exports.

Japan, with a CAGR of +92.9%, recorded the highest growth rate of 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 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2015 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per unit) and Japan ($X per unit), while the average price for exports to China ($X per unit) and Algeria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Malaysia

In 2022, purchases abroad of machine-tools for working stone, ceramics, and concrete increased by 51% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, machine tools for working stone imports soared to $X in 2022. Over the period under review, imports, however, saw a pronounced shrinkage. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine tools for working stone supplier to Malaysia, with a 65% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.8% per year) and Taiwan (Chinese) (-11.7% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Malaysia, comprising 66% of total imports. The second position in the ranking was held by Japan ($X), with a 26% share of total imports. It was followed by Taiwan (Chinese), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.2% per year) and Taiwan (Chinese) (-13.1% per year).

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, falling by -1.8% against the previous year. In general, the import price recorded a mild slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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