Malaysia: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Malaysia

The Malaysian pneumatic elevator market fell sharply to $X in 2022, with a decrease of -20.9% against the previous year. Over the period under review, consumption, however, continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Pneumatic Elevator Production in Malaysia

In value terms, pneumatic elevator production shrank rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 735% against the previous year. Pneumatic elevator production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Pneumatic Elevator Exports

Exports from Malaysia

In 2022, approx. X units of pneumatic elevators and conveyors were exported from Malaysia; rising by 39% compared with the previous year. In general, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 105%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, pneumatic elevator exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 156% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for pneumatic elevator exports from Malaysia, with a 64% share of total exports. Moreover, pneumatic elevator exports to Brazil exceeded the volume sent to the second major destination, Qatar (X units), threefold. The third position in this ranking was held by Turkey (X units), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil stood at +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+38.4% per year) and Turkey (+32.0% per year).

In value terms, the largest markets for pneumatic elevator exported from Malaysia were Brazil ($X), Qatar ($X) and Indonesia ($X), together accounting for 41% of total exports.

Qatar, with a CAGR of +59.2%, recorded the highest growth rate of the value of exports, in terms of 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 pneumatic elevator export price stood at $X per unit in 2022, which is down by -1.6% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pneumatic Elevator Imports

Imports into Malaysia

In 2022, approx. X units of pneumatic elevators and conveyors were imported into Malaysia; jumping by 60% on 2021. Over the period under review, imports enjoyed a notable expansion. The pace of growth was the most pronounced in 2020 when imports increased by 85% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, pneumatic elevator imports expanded notably to $X in 2022. In general, imports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 83%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X units) constituted the largest pneumatic elevator supplier to Malaysia, accounting for a 72% share of total imports. Moreover, pneumatic elevator imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The United States (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.7% per year) and the United States (-4.9% per year).

In value terms, Singapore ($X) constituted the largest supplier of pneumatic elevators and conveyors to Malaysia, comprising 28% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Singapore stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.4% per year) and Germany (-5.2% per year).

Import Prices by Country

The average pneumatic elevator import price stood at $X per unit in 2022, waning by -28.8% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2013 an increase of 7.6%. The import price peaked at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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