Malaysia: Mechanical Stoker Market 2024

Mechanical Stoker Market Size in Malaysia

The Malaysian mechanical stoker market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption enjoyed a strong expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Mechanical Stoker Production in Malaysia

In value terms, mechanical stoker production stood at $X in 2022 estimated in export price. In general, production posted a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 128% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Mechanical Stoker Exports

Exports from Malaysia

In 2022, approx. X tons of mechanical stokers were exported from Malaysia; with an increase of 6.8% on 2021. In general, exports enjoyed a strong increase. The growth pace was the most rapid in 2018 when exports increased by 81% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, mechanical stoker exports fell modestly to $X in 2022. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 212%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Indonesia (X tons) was the main destination for mechanical stoker exports from Malaysia, accounting for a 61% share of total exports. Moreover, mechanical stoker exports to Indonesia exceeded the volume sent to the second major destination, Nigeria (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+72.6% per year) and Thailand (+25.6% per year).

In value terms, the largest markets for mechanical stoker exported from Malaysia were Indonesia ($X), Nigeria ($X) and Sri Lanka ($X), together comprising 83% of total exports.

In terms of the main countries of destination, Nigeria, with a CAGR of +74.6%, recorded the highest growth rate of 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

In 2022, the average mechanical stoker export price amounted to $X per ton, dropping by -8.6% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 139%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Mechanical Stoker Imports

Imports into Malaysia

In 2022, imports of mechanical stokers into Malaysia rose notably to X tons, with an increase of 9% on the year before. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 564%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, mechanical stoker imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 448%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Italy (X tons) and China (X tons) were the main suppliers of mechanical stoker imports to Malaysia, together accounting for 77% of total imports. The Netherlands, Austria, India and Germany lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +67.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical stoker suppliers to Malaysia were Italy ($X), the Netherlands ($X) and China ($X), together accounting for 90% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +54.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mechanical stoker import price stood at $X per ton in 2022, picking up by 39% against the previous year. In general, the import price posted temperate growth. The growth pace was the most rapid in 2019 an increase of 49%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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