Malaysia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Malaysia

In 2021, the Malaysian filling containers machinery market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Filling Containers Machinery Production in Malaysia

In value terms, filling containers machinery production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 185%. Filling containers machinery production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Filling Containers Machinery Exports

Exports from Malaysia

Filling containers machinery exports from Malaysia dropped rapidly to X units in 2021, declining by -28.9% compared with the previous year's figure. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 83% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, filling containers machinery exports contracted remarkably to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X units), Vietnam (X units) and Australia (X units) were the main destinations of filling containers machinery exports from Malaysia, together accounting for 81% of total exports. These countries were followed by Singapore, the Philippines, the United States, Saudi Arabia, India and Thailand, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +29.2%), while the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) remains the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Malaysia, comprising 27% of total exports. The second position in the ranking was held by Australia ($X), with a 12% share of total exports. It was followed by India, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+32.6% per year) and India (-10.2% per year).

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2021, surging by 17% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 70%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Vietnam ($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 India (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Malaysia

After five years of growth, supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -23.1% to X units in 2021. Overall, imports, however, recorded a temperate increase. The growth pace was the most rapid in 2020 when imports increased by 52% against the previous year. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, filling containers machinery imports soared to $X in 2021. In general, imports showed a mild setback. The most prominent rate of growth was recorded in 2014 when imports increased by 25% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of filling containers machinery imports to Malaysia, with a combined 82% share of total imports. These countries were followed by Thailand, Singapore, the United States, Hong Kong SAR and Germany, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machinery for filling, closing, sealing, capsuling or labelling containers to Malaysia, comprising 46% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 9% share of total imports. It was followed by Japan, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.6% per year) and Japan (-15.6% per year).

Import Prices by Country

The average filling containers machinery import price stood at $X per unit in 2021, growing by 61% against the previous year. Overall, the import price, however, showed a pronounced setback. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($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) (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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