Malaysia: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Malaysia

The Malaysian non-hydraulic press market skyrocketed to $X in 2021, jumping by 309% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Hydraulic Press Exports

Exports from Malaysia

Non-hydraulic press exports from Malaysia dropped significantly to X units in 2021, falling by -81.7% compared with 2020. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 1,651%. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, non-hydraulic press exports reduced remarkably to $X in 2021. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 850% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Singapore (X units) was the main destination for non-hydraulic press exports from Malaysia, with a 77% share of total exports. Moreover, non-hydraulic press exports to Singapore exceeded the volume sent to the second major destination, Thailand (X units), sixfold. The third position in this ranking was taken by Vietnam (X units), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+21.9% per year) and Vietnam (-6.0% per year).

In value terms, Singapore ($X) remains the key foreign market for non-hydraulic presses for working metal exports from Malaysia, comprising 68% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 18% share of total exports. It was followed by Thailand, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-8.6% per year) and Thailand (+8.5% per year).

Export Prices by Country

In 2021, the average non-hydraulic press export price amounted to $X per unit, waning by -11.8% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 95% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Vietnam ($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 Germany (+28.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Hydraulic Press Imports

Imports into Malaysia

In 2021, supplies from abroad of non-hydraulic presses for working metal increased by 160% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-hydraulic press imports fell to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 132%. Over the period under review, imports hit record highs 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 non-hydraulic press supplier to Malaysia, accounting for a 52% share of total imports. Moreover, non-hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+28.8% per year) and Japan (+6.6% per year).

In value terms, China ($X), South Korea ($X) and the UK ($X) were the largest non-hydraulic press suppliers to Malaysia, with a combined 61% share of total imports.

Among the main suppliers, the UK, with a CAGR of +59.9%, 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 non-hydraulic press import price stood at $X per unit in 2021, reducing by -62.6% against the previous year. In general, the import price faced a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 83% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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