Malaysia: Grinding Machine Market 2024

Grinding Machine Market Size in Malaysia

The Malaysian grinding machine market declined remarkably to $X in 2021, dropping by -27.6% against the previous year. Overall, consumption recorded a noticeable slump. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Grinding Machine Production in Malaysia

In value terms, grinding machine production shrank notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a dramatic curtailment. Grinding machine production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Grinding Machine Exports

Exports from Malaysia

Grinding machine exports from Malaysia skyrocketed to X units in 2021, increasing by 52% on the previous year's figure. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 80%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, grinding machine exports surged to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 31% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Cameroon (X units), Germany (X units) and the United States (X units) were the main destinations of grinding machine exports from Malaysia, with a combined 53% share of total exports. These countries were followed by Indonesia, India, Vietnam, South Korea, Singapore, Mauritania and Thailand, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +92.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding machine exported from Malaysia were Indonesia ($X), the United States ($X) and Vietnam ($X), with a combined 43% share of total exports. Germany, Thailand, Cameroon, Singapore, India, South Korea and Mauritania lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Cameroon, with a CAGR of +43.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2021, with a decrease of -20% against the previous year. Overall, the export price faced a deep slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Mauritania ($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 Vietnam (-6.0%), while the prices for the other major destinations experienced a decline.

Grinding Machine Imports

Imports into Malaysia

In 2021, imports of machines having individual functions, for mixing, kneading, crushing or grinding into Malaysia reduced remarkably to X units, falling by -17.7% on the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 56%. As a result, imports reached the peak of X units, and then shrank markedly in the following year.

In value terms, grinding machine imports fell to $X in 2021. Overall, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2017 when imports increased by 12% against the previous year. 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

In 2021, China (X units) constituted the largest supplier of grinding machine to Malaysia, with a 66% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.1% per year) and Taiwan (Chinese) (-11.3% per year).

In value terms, China ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Malaysia, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.6% share of total imports. It was followed by Taiwan (Chinese), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.7% per year) and Taiwan (Chinese) (-13.6% per year).

Import Prices by Country

In 2021, the average grinding machine import price amounted to $X per unit, growing by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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