Malaysia: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in Malaysia

The Malaysian stone sawing machine market skyrocketed to $X in 2021, rising by 28% against the previous year. In general, consumption saw a modest expansion. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Stone Sawing Machine Production in Malaysia

In value terms, stone sawing machine production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 61%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Stone Sawing Machine Exports

Exports from Malaysia

Stone sawing machine exports from Malaysia shrank to X units in 2021, dropping by -6.8% on the year before. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 235% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, stone sawing machine exports contracted notably to $X in 2021. In general, exports recorded a dramatic decrease. The growth pace was the most rapid in 2013 when exports increased by 471%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Mexico (X units) and Japan (X units) were the main destinations of stone sawing machine exports from Malaysia, together comprising 66% of total exports. Saudi Arabia, Ghana, Guatemala, Djibouti, Taiwan (Chinese), Brunei Darussalam and China lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Djibouti (with a CAGR of +19.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stone sawing machine exported from Malaysia were Japan ($X), Saudi Arabia ($X) and China ($X), with a combined 40% share of total exports. The United States, Mexico, Djibouti, Guatemala, Taiwan (Chinese), Ghana and Brunei Darussalam lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Djibouti, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, declining by -37.4% against the previous year. Over the period under review, the export price showed a dramatic decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 70% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Mexico ($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 Japan (-6.5%), while the prices for the other major destinations experienced a decline.

Stone Sawing Machine Imports

Imports into Malaysia

In 2021, approx. X units of sawing machines for working stone, ceramics and concrete were imported into Malaysia; with an increase of 36% on 2020 figures. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 150% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, stone sawing machine imports surged to $X in 2021. Over the period under review, imports saw buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 167% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the main stone sawing machine supplier to Malaysia, accounting for a 92% share of total imports. It was followed by Bangladesh (X units), with a 2% share of total imports. The third position in this ranking was taken by India (X units), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (0.0% per year) and India (+38.2% per year).

In value terms, China ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Malaysia, comprising 85% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 3.8% share of total imports. It was followed by Finland, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (0.0% per year) and Finland (-4.3% per year).

Import Prices by Country

The average stone sawing machine import price stood at $X per unit in 2021, surging by 25% against the previous year. Overall, the import price continues to indicate tangible growth. The pace of growth was the most pronounced in 2018 an increase of 82%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+411.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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