Malaysia: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Malaysia

In 2021, after three years of growth, there was significant decline in the Malaysian non-electronic hydro- and hygrometers market, when its value decreased by -12.2% to $X. In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-electronic hydro- and hygrometers consumption peaked at $X in 2020, and then contracted in the following year.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Malaysia

In value terms, non-electronic hydro- and hygrometers production declined slightly to $X in 2021 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.1% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 91% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Malaysia

In 2021, exports of non-electronic hydro-, hygro-, psychrometers from Malaysia soared to X units, surging by 183% on the previous year's figure. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 1,992% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports surged to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 1,850%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units), Japan (X units) and Mexico (X units) were the main destinations of non-electronic hydro- and hygrometers exports from Malaysia, with a combined 20% share of total exports. These countries were followed by the United States, Indonesia, Singapore, Brazil, South Korea, Poland, Canada, Oman, Angola and Switzerland, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +90.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Singapore ($X) constituted the largest markets for non-electronic hydro- and hygrometers exported from Malaysia worldwide, together accounting for 24% of total exports. South Korea, Turkey, Mexico, Indonesia, Canada, Poland, Oman, Angola, Switzerland and Brazil lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, Oman, with a CAGR of +175.2%, 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

The average non-electronic hydro- and hygrometers export price stood at $X per unit in 2021, shrinking by -9.9% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electronic hydro- and hygrometers export price decreased by -36.4% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 40%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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 South Korea ($X per unit), while the average price for exports to Brazil ($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 Angola (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Malaysia

In 2021, after two years of growth, there was significant decline in overseas purchases of non-electronic hydro-, hygro-, psychrometers, when their volume decreased by -34.3% to X units. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by 257% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, non-electronic hydro- and hygrometers imports fell rapidly to $X in 2021. Overall, imports, however, continue to indicate temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of 233%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-electronic hydro- and hygrometers to Malaysia, accounting for a 28% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Singapore (X units), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.6% per year) and Singapore (+1.7% per year).

In value terms, the largest non-electronic hydro- and hygrometers suppliers to Malaysia were the United States ($X), Singapore ($X) and China ($X), with a combined 34% share of total imports. Hong Kong SAR, the UK, India, Japan, Vietnam, Finland, Germany, Sweden, Thailand and France lagged somewhat behind, together comprising a further 39%.

India, with a CAGR of +36.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, picking up by 8.2% against the previous year. Overall, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by 61%. 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 Finland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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