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

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

The Malaysian non-numerically controlled sharpening machine market rose remarkably to $X in 2022, growing by 5.6% against the previous year. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.1% against 2020 indices. Non-numerically controlled sharpening machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Malaysia

In value terms, non-numerically controlled sharpening machine production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 49% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Malaysia

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal were finally on the rise to reach X units for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 4,434% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine exports surged to $X in 2022. Overall, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 1,456%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for non-numerically controlled sharpening machine exports from Malaysia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled +46.0%.

In value terms, Singapore ($X) emerged as the key foreign market for non-numerically controlled sharpening machines for working metal exports from Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled +40.0%.

Export Prices by Country

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 178% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +39.4% per year.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Malaysia

In 2022, imports of non-numerically controlled sharpening machines for working metal into Malaysia fell to X units, which is down by -7.6% against 2021 figures. Over the period under review, imports showed a mild decline. The most prominent rate of growth was recorded in 2019 when imports increased by 105%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine imports fell notably to $X in 2022. In general, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 when imports increased by 139%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-numerically controlled sharpening machine to Malaysia, with a 68% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The United States (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-11.7% per year) and the United States (+40.3% per year).

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest non-numerically controlled sharpening machine suppliers to Malaysia, together comprising 81% of total imports.

The United States, with a CAGR of +47.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, dropping by -14.5% against the previous year. Over the period under review, the import price showed a slight decrease. The pace of growth was the most pronounced in 2021 an increase of 62%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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