Malaysia: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Malaysia

In 2021, after five years of growth, there was significant decline in the Malaysian positive displacement pump market, when its value decreased by -13.6% to $X. Over the period under review, consumption, however, posted a buoyant increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Positive Displacement Pump Production in Malaysia

In value terms, positive displacement pump production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +44.4% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Positive Displacement Pump Exports

Exports from Malaysia

Positive displacement pump exports from Malaysia rose rapidly to X units in 2021, surging by 6.6% compared with the year before. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 532%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, positive displacement pump exports rose sharply to $X in 2021. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 134%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X units) was the main destination for positive displacement pump exports from Malaysia, accounting for a 41% share of total exports. Moreover, positive displacement pump exports to Indonesia exceeded the volume sent to the second major destination, the United States (X units), twofold. Singapore (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+112.6% per year) and Singapore (-1.0% per year).

In value terms, the largest markets for positive displacement pump exported from Malaysia were Singapore ($X), Indonesia ($X) and the United States ($X), with a combined 65% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +93.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2021, stabilizing at the previous year. In general, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 166% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into Malaysia

In 2021, after two years of growth, there was significant decline in supplies from abroad of positive displacement pumps and hand pumps, when their volume decreased by -18.4% to X units. In general, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 185% against the previous year. Imports peaked at X units in 2020, and then shrank notably in the following year.

In value terms, positive displacement pump imports reached $X in 2021. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 53% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and Germany (X units) were the main suppliers of positive displacement pump imports to Malaysia, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +72.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and South Korea ($X) appeared to be the largest positive displacement pump suppliers to Malaysia, with a combined 74% share of total imports.

Among the main suppliers, Germany, with a CAGR of +55.2%, 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 more modest paces of growth.

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2021, surging by 29% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 34%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average 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 Germany ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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