Malaysia: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Malaysia

The Malaysian ride-on compaction equipment market reduced rapidly to $X in 2022, which is down by -31.7% 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 recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ride-On Compaction Equipment Exports

Exports from Malaysia

In 2022, ride-on compaction equipment exports from Malaysia dropped to X units, with a decrease of -14.6% against the previous year. Over the period under review, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of 195% 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, ride-on compaction equipment exports reduced slightly to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by 103%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X units) was the main destination for ride-on compaction equipment exports from Malaysia, accounting for a 29% share of total exports. Moreover, ride-on compaction equipment exports to Egypt exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. Australia (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+2.9% per year) and Australia (-8.1% per year).

In value terms, Papua New Guinea ($X), Egypt ($X) and Australia ($X) constituted the largest markets for ride-on compaction equipment exported from Malaysia worldwide, together accounting for 39% of total exports. Namibia, Kuwait, Saudi Arabia, Qatar, Hong Kong SAR, Lebanon, Indonesia, Brunei Darussalam and Fiji lagged somewhat behind, together comprising a further 26%.

Kuwait, with a CAGR of +13.2%, recorded 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 ride-on compaction equipment export price amounted to $X per unit, surging by 15% against the previous year. Overall, the export price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2017 when the average export price increased by 123% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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 Namibia ($X per unit), while the average price for exports to Saudi Arabia ($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 Namibia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Malaysia

In 2022, the amount of ride-on compaction equipment imported into Malaysia fell remarkably to X units, declining by -34.2% on the year before. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 205%. As a result, imports attained the peak of X units, and then fell significantly in the following year.

In value terms, ride-on compaction equipment imports shrank sharply to $X in 2022. In general, imports recorded a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 142% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Indonesia (X units) were the main suppliers of ride-on compaction equipment imports to Malaysia, with a combined 77% share of total imports. India, Germany, Singapore, Sweden, the Netherlands and the United States lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ride-on compaction equipment to Malaysia, comprising 53% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 20% share of total imports. It was followed by India, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.0% per year) and India (+74.2% per year).

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, picking up by 7.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 35%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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