Malaysia: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Malaysia

The Malaysian cable-making machine market contracted markedly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cable-Making Machine Production in Malaysia

In value terms, cable-making machine production soared to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Cable-Making Machine Exports

Exports from Malaysia

In 2022, the amount of rope or cable-making machines exported from Malaysia declined remarkably to X units, reducing by X% on the year before. Over the period under review, exports, however, posted a moderate increase. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cable-making machine exports contracted to $X in 2022. Overall, exports recorded a pronounced slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X units) was the main destination for cable-making machine exports from Malaysia, accounting for a X% share of total exports. Moreover, cable-making machine exports to Cambodia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Singapore (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, Cambodia ($X) remains the key foreign market for rope or cable-making machines exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cambodia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Singapore (X% per year).

Export Prices by Country

The average cable-making machine export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to the United States ($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 Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cable-Making Machine Imports

Imports into Malaysia

Cable-making machine imports into Malaysia shrank dramatically to X units in 2022, with a decrease of X% compared with 2021. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cable-making machine imports fell significantly to $X in 2022. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of cable-making machine to Malaysia, accounting for a X% share of total imports. Moreover, cable-making machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Denmark (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Denmark (X% per year).

In value terms, China ($X) constituted the largest supplier of rope or cable-making machines to Malaysia, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Japan (X% per year).

Import Prices by Country

The average cable-making machine import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cable-making machine import price increased by X% against 2019 indices. The import price peaked at $X per unit in 2016; however, from 2017 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 Taiwan (Chinese) ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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