Malaysia: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Malaysia

The Malaysian pedestrian-controlled tractor market expanded sharply to $X in 2022, increasing by 10% against the previous year. Over the period under review, consumption recorded a measured expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Production in Malaysia

In value terms, pedestrian-controlled tractor production rose markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Malaysia

In 2022, pedestrian-controlled tractor exports from Malaysia contracted sharply to X units, falling by -35% against 2021 figures. Overall, exports faced a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 233% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor exports dropped notably to $X in 2022. In general, exports saw a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 68% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Suriname (X units) and Liberia (X units) were the main destinations of pedestrian-controlled tractor exports from Malaysia, together accounting for 85% of total exports.

From 2012 to 2022, the biggest increases were recorded for Suriname (with a CAGR of +65.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Suriname ($X) and Liberia ($X) constituted the largest markets for pedestrian-controlled tractor exported from Malaysia worldwide, with a combined 83% share of total exports. These countries were followed by Singapore and Sri Lanka, which together accounted for a further 17%.

Among the main countries of destination, Sri Lanka, with a CAGR of +38.5%, 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 mixed trend patterns.

Export Prices by Country

The average pedestrian-controlled tractor export price stood at $X per unit in 2022, rising by 23% against the previous year. In general, the export price, however, saw a abrupt descent. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sri Lanka ($X per unit) and Singapore ($X per unit), while the average price for exports to Liberia ($X per unit) and Suriname ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pedestrian-Controlled Tractor Imports

Imports into Malaysia

In 2022, after two years of growth, there was significant decline in overseas purchases of pedestrian-controlled tractors, when their volume decreased by -43.8% to X units. Over the period under review, imports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 719%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor imports contracted markedly to $X in 2022. In general, imports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 when imports increased by 1,299%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Turkey (X units) were the main suppliers of pedestrian-controlled tractor imports to Malaysia, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of -15.5%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Japan ($X) and Turkey ($X) constituted the largest pedestrian-controlled tractor suppliers to Malaysia, together accounting for 95% of total imports.

Among the main suppliers, Japan, with a CAGR of -16.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average pedestrian-controlled tractor import price stood at $X per unit in 2022, declining by -4.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 71% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($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 (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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