Malaysia: Working Wire Machine Market 2024

Working Wire Machine Market Size in Malaysia

The Malaysian working wire machine market soared to $X in 2021, picking up by 25% 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, continues to indicate a drastic downturn. Working wire machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Working Wire Machine Exports

Exports from Malaysia

In 2021, the amount of machines for working wire exported from Malaysia surged to X units, growing by 50% against 2020 figures. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 405%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, working wire machine exports soared to $X in 2021. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 804% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for working wire machine exports from Malaysia, accounting for a 46% share of total exports. Moreover, working wire machine exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Singapore (X units), twofold. The third position in this ranking was taken by Germany (X units), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) stood at +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+24.1% per year) and Germany (+33.0% per year).

In value terms, the largest markets for working wire machine exported from Malaysia were Germany ($X), Singapore ($X) and Taiwan (Chinese) ($X), with a combined 81% share of total exports.

Singapore, with a CAGR of +41.1%, saw the highest rates of growth with regard to 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

In 2021, the average working wire machine export price amounted to $X per unit, with a decrease of -13.5% against the previous year. Overall, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 195%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Singapore (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Malaysia

In 2021, approx. X units of machines for working wire were imported into Malaysia; with an increase of 13% on the year before. Overall, imports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 102% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports surged to $X in 2021. Over the period under review, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 60%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Italy (X units) were the main suppliers of working wire machine imports to Malaysia, together comprising 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +20.7%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X), China ($X) and Germany ($X) were the largest working wire machine suppliers to Malaysia, together accounting for 75% of total imports.

Among the main suppliers, Italy, with a CAGR of +16.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, rising by 22% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, working wire machine import price increased by +31.5% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 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, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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