Malaysia: Safety Valve Market 2025

Safety Valve Market Size in Malaysia

After two years of growth, the Malaysian safety valve market decreased by -43.7% to $X in 2021. In general, consumption, however, continues to indicate a prominent increase. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Safety Valve Production in Malaysia

In value terms, safety valve production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 5,432%. As a result, production attained the peak level of $X, and then shrank rapidly in the following year.

Safety Valve Exports

Exports from Malaysia

In 2021, approx. X units of safety or relief valves for pipes, boiler shells, tanks and vats were exported from Malaysia; surging by 8% on the previous year. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 191%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, safety valve exports totaled $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 533% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for safety valve exports from Malaysia, with a 69% share of total exports. Moreover, safety valve exports to Singapore exceeded the volume sent to the second major destination, the United States (X units), sixfold. Thailand (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+66.4% per year) and Thailand (+34.2% per year).

In value terms, Singapore ($X) remains the key foreign market for safety or relief valves for pipes, boiler shells, tanks and vats exports from Malaysia, comprising 65% of total exports. The second position in the ranking was held by the United States ($X), with a 17% share of total exports. It was followed by China, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+49.8% per year) and China (+32.4% per year).

Export Prices by Country

In 2021, the average safety valve export price amounted to $X per unit, declining by -2.4% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 an increase of 117% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Sri Lanka ($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 China (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Valve Imports

Imports into Malaysia

In 2021, purchases abroad of safety or relief valves for pipes, boiler shells, tanks and vats was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, safety valve imports expanded markedly to $X in 2021. Overall, imports, however, saw a slight decrease. The pace of growth was the most pronounced in 2019 with an increase of 12% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest safety valve supplier to Malaysia, with a 39% share of total imports. Moreover, safety valve imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+16.8% per year) and Germany (-3.5% per year).

In value terms, China ($X), Switzerland ($X) and Singapore ($X) appeared to be the largest safety valve suppliers to Malaysia, with a combined 56% share of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +40.6%, recorded the highest growth rate of 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

In 2021, the average safety valve import price amounted to $X per unit, rising by 7.8% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2019 an increase of 24%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :