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

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

The Malaysian numerically controlled drilling machine market declined to $X in 2021, which is down by -9.9% 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 recorded a abrupt contraction. Numerically controlled drilling machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Malaysia

In 2021, shipments abroad of numerically controlled drilling machines for working metal decreased by -58.3% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports saw a precipitous slump. The pace of growth was the most pronounced in 2016 with an increase of 298% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports reduced markedly to $X in 2021. In general, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 188% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the main destinations of numerically controlled drilling machine exports from Malaysia, together accounting for 76% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +23.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for numerically controlled drilling machine exported from Malaysia were China ($X), Indonesia ($X) and Taiwan (Chinese) ($X), with a combined 72% share of total exports.

Taiwan (Chinese), with a CAGR of +38.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, falling by -15.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 58%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and China ($X per ton), while the average price for exports to Vietnam ($X per ton) and Brunei Darussalam ($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 Iran (+66.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Malaysia

In 2021, numerically controlled drilling machine imports into Malaysia dropped significantly to X tons, shrinking by -17.7% compared with the previous year's figure. In general, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2016 with an increase of 193% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports declined to $X in 2021. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 207%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of numerically controlled drilling machine to Malaysia, with a 66% share of total imports. Moreover, numerically controlled drilling machine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. China (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.7% per year) and China (-4.2% per year).

In value terms, the largest numerically controlled drilling machine suppliers to Malaysia were Taiwan (Chinese) ($X), China ($X) and Japan ($X), with a combined 71% share of total imports. The United Arab Emirates, Singapore and South Korea lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +14.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, rising by 9% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The growth pace was the most rapid in 2014 an increase of 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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