Malaysia: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Malaysia

The Malaysian machine-tool for working wood market rose significantly to $X in 2021, picking up by 11% 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). Overall, consumption, however, showed a deep downturn. Machine-tool for working wood consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Malaysia

In 2021, machine-tool for working wood exports from Malaysia reduced to X tons, shrinking by -8.6% against 2020 figures. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 83% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports declined slightly to $X in 2021. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 92% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for machine-tool for working wood exports from Malaysia, with a 51% share of total exports. Moreover, machine-tool for working wood exports to the United States exceeded the volume sent to the second major destination, Thailand (X tons), sixfold. Germany (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +62.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-0.7% per year) and Germany (+16.9% per year).

In value terms, the United States ($X) remains the key foreign market for machine-tools for working wood exports from Malaysia, comprising 47% of total exports. The second position in the ranking was held by Thailand ($X), with an 11% share of total exports. It was followed by Germany, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +62.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+3.7% per year) and Germany (+22.7% per year).

Export Prices by Country

In 2021, the average machine-tool for working wood export price amounted to $X per ton, surging by 9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 an increase of 19%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to the United States ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Malaysia

Machine-tool for working wood imports into Malaysia stood at X tons in 2021, rising by 7.7% on the previous year's figure. In general, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of 51%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working wood imports stood at $X in 2021. Overall, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 57%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of machine-tool for working wood to Malaysia, with a 64% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was taken by Italy (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-6.6% per year) and Italy (+3.8% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to Malaysia, comprising 60% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Italy, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.3% per year) and Italy (+4.7% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the import price showed a mild contraction. The pace of growth appeared the most rapid in 2018 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Italy ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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