Malaysia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Malaysia

The Malaysian pneumatic linear acting actuator market contracted rapidly to $X in 2022, which is down by -22.4% 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). Over the period under review, consumption, however, recorded a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank significantly in the following year.

Exports of Pneumatic Linear Acting Actuators

Exports from Malaysia

Pneumatic linear acting actuator exports from Malaysia shrank remarkably to X units in 2022, with a decrease of -36.9% on the previous year's figure. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 363%. The exports peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, pneumatic linear acting actuator exports reduced remarkably to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 350%. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

The United States (X units), Singapore (X units) and Australia (X units) were the main destinations of pneumatic linear acting actuator exports from Malaysia, with a combined 51% share of total exports. Taiwan (Chinese), Indonesia, the Philippines, the UK, Thailand, Vietnam and China lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +56.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic linear acting actuator exported from Malaysia were the United States ($X), Singapore ($X) and Australia ($X), together accounting for 51% of total exports. Taiwan (Chinese), Indonesia, the Philippines, Vietnam, Thailand, the UK and China lagged somewhat behind, together accounting for a further 43%.

Indonesia, with a CAGR of +54.9%, saw the highest growth rate of 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

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, with a decrease of -1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 an increase of 74% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped modestly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per unit) and Vietnam ($X per unit), while the average price for exports to the UK ($X per unit) and China ($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 Hong Kong SAR (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Malaysia

In 2022, pneumatic linear acting actuator imports into Malaysia declined remarkably to X units, reducing by -25% against the previous year. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 100%. As a result, imports reached the peak of X units, and then fell dramatically in the following year.

In value terms, pneumatic linear acting actuator imports reduced markedly to $X in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 86%. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

The United States (X units), Japan (X units) and China (X units) were the main suppliers of pneumatic linear acting actuator imports to Malaysia, together accounting for 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +33.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator suppliers to Malaysia were the United States ($X), Japan ($X) and China ($X), with a combined 70% share of total imports.

The United States, with a CAGR of +30.7%, 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

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, surging by 2.5% against the previous year. In general, the import price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2015 when the average import price increased by 18%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Singapore ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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