Malaysia: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Malaysia

The Malaysian mobile lifting frame market reduced to $X in 2021, with a decrease of -11.7% against the previous year. Over the period under review, consumption recorded a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Mobile Lifting Frame Production in Malaysia

In value terms, mobile lifting frame production dropped to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 66%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Mobile Lifting Frame Exports

Exports from Malaysia

In 2021, the amount of mobile lifting frames on tyres and straddle carriers exported from Malaysia fell notably to X units, shrinking by -82.6% on 2020 figures. Overall, exports faced a precipitous setback. The growth pace was the most rapid in 2015 with an increase of 996% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, mobile lifting frame exports reduced rapidly to $X in 2021. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of 1,082% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X units) was the main destination for mobile lifting frame exports from Malaysia, with a 64% share of total exports. Moreover, mobile lifting frame exports to Qatar exceeded the volume sent to the second major destination, Liberia (X units), fivefold. The third position in this ranking was held by Vietnam (X units), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (-14.0% per year) and Vietnam (-24.5% per year).

In value terms, Qatar ($X) remains the key foreign market for mobile lifting frames on tyres and straddle carriers exports from Malaysia, comprising 55% of total exports. The second position in the ranking was held by Liberia ($X), with a 20% share of total exports. It was followed by Vietnam, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (-8.0% per year) and Vietnam (-23.2% per year).

Export Prices by Country

The average mobile lifting frame export price stood at $X per unit in 2021, rising by 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2017 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Liberia ($X per unit), while the average price for exports to Papua New Guinea ($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 Liberia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Lifting Frame Imports

Imports into Malaysia

In 2021, imports of mobile lifting frames on tyres and straddle carriers into Malaysia rose remarkably to X units, increasing by 13% on 2020 figures. Over the period under review, imports, however, saw a precipitous slump. The pace of growth appeared the most rapid in 2017 when imports increased by 15%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, mobile lifting frame imports skyrocketed to $X in 2021. In general, imports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of mobile lifting frame to Malaysia, with a 85% share of total imports. Moreover, mobile lifting frame imports from Japan exceeded the figures recorded by the second-largest supplier, Australia (X units), more than tenfold. The third position in this ranking was taken by China (X units), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at -22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+41.8% per year) and China (-38.8% per year).

In value terms, Japan ($X) constituted the largest supplier of mobile lifting frames on tyres and straddle carriers to Malaysia, comprising 83% of total imports. The second position in the ranking was held by Australia ($X), with a 5.5% share of total imports. It was followed by China, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to -23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+25.1% per year) and China (-39.9% per year).

Import Prices by Country

The average mobile lifting frame import price stood at $X per unit in 2021, growing by 2.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 5.9% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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