Malaysia: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in Malaysia

After three years of decline, the Malaysian internal combustion engines market increased by 36% to $X in 2021. In general, consumption, however, continues to indicate a noticeable slump. Internal combustion engines consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports from Malaysia

In 2021, shipments abroad of motor vehicles compression-ignition internal combustion piston engines decreased by -1.1% to X units, falling for the second consecutive year after four years of growth. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, internal combustion engines exports fell to $X in 2021. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 44%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Iraq (X units) and Thailand (X units) were the main destinations of internal combustion engines exports from Malaysia, together accounting for 47% of total exports. The Philippines, Hong Kong SAR, South Africa, the United States, Russia, Chile, Guatemala, China and Nigeria lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +41.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and South Africa ($X) constituted the largest markets for internal combustion engines exported from Malaysia worldwide, with a combined 50% share of total exports. Hong Kong SAR, Russia, Iraq, the Philippines, Chile, Guatemala, the United States, China and Nigeria lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +25.6%, saw 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 2021, the average internal combustion engines export price amounted to $X per unit, dropping by -5.9% against the previous year. Over the period under review, the export price saw a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Iraq ($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 Nigeria (+7.3%), while the prices for the other major destinations experienced a decline.

Internal Combustion Engines Imports

Imports into Malaysia

In 2021, purchases abroad of motor vehicles compression-ignition internal combustion piston engines was finally on the rise to reach X units for the first time since 2015, thus ending a five-year declining trend. In general, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 29% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, internal combustion engines imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), Thailand (X units) and China (X units) were the main suppliers of internal combustion engines imports to Malaysia, together accounting for 93% of total imports. South Korea lagged somewhat behind, comprising a further 1.8%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +9.4%), while purchases for the other leaders experienced a decline.

In value terms, Thailand ($X) constituted the largest supplier of motor vehicles compression-ignition internal combustion piston engines to Malaysia, comprising 79% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by China, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-5.4% per year) and China (-0.4% per year).

Import Prices by Country

In 2021, the average internal combustion engines import price amounted to $X per unit, with an increase of 14% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, internal combustion engines import price increased by +45.5% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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