Malaysia: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Malaysia

The Malaysian non-numerically controlled drilling machine market dropped markedly to $X in 2021, with a decrease of -76.9% 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). In general, consumption showed a deep downturn. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Malaysia

In 2021, exports of non-numerically controlled drilling machines for working metal from Malaysia expanded remarkably to X tons, surging by 13% on the previous year. Over the period under review, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2013 when exports increased by 241% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine exports surged to $X in 2021. Overall, exports, however, showed a noticeable setback. The pace of growth was the most pronounced in 2013 when exports increased by 262% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons), Brunei Darussalam (X tons) and Vietnam (X tons) were the main destinations of non-numerically controlled drilling machine exports from Malaysia, with a combined 63% share of total exports. Norway, Sudan, Brazil, Thailand and Nigeria lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +80.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled drilling machine exported from Malaysia were Singapore ($X), Brunei Darussalam ($X) and Vietnam ($X), with a combined 63% share of total exports. These countries were followed by Norway, Sudan, Brazil, Thailand and Nigeria, which together accounted for a further 24%.

Among the main countries of destination, Brazil, with a CAGR of +84.5%, saw the highest rates of growth with regard to 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-numerically controlled drilling machine export price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 26%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Nigeria ($X per ton) and Thailand ($X per ton), while the average price for exports to Singapore ($X per ton) and Sudan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Malaysia

In 2021, approx. X tons of non-numerically controlled drilling machines for working metal were imported into Malaysia; waning by -62.1% compared with the previous year. Over the period under review, imports, however, recorded a mild increase. The pace of growth appeared the most rapid in 2019 when imports increased by 695%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports shrank dramatically to $X in 2021. Overall, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by 431% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest non-numerically controlled drilling machine supplier to Malaysia, with a 80% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), ninefold. Singapore (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+37.9% per year) and Singapore (-10.8% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Malaysia, comprising 60% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports. It was followed by Singapore, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+32.2% per year) and Singapore (-14.4% per year).

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, dropping by -53.2% against the previous year. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 54%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ethiopia (+76.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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