Malaysia: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Malaysia

In 2021, the Malaysian metal sawing machine market decreased by -2% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a abrupt descent. Metal sawing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Sawing Machine Exports

Exports from Malaysia

In 2021, the amount of sawing or cutting-off machines for working metal exported from Malaysia skyrocketed to X units, picking up by 78% against 2020. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 116%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal sawing machine exports amounted to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 107% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X units), the United States (X units) and the Netherlands (X units) were the main destinations of metal sawing machine exports from Malaysia, with a combined 51% share of total exports. These countries were followed by Russia, Sri Lanka, Japan, Bangladesh, Germany, Hong Kong SAR, Taiwan (Chinese), the United Arab Emirates, Thailand and Indonesia, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +44.2%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Singapore ($X) and Japan ($X) appeared to be the largest markets for metal sawing machine exported from Malaysia worldwide, with a combined 49% share of total exports.

Japan, with a CAGR of +21.8%, 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 2021, the average metal sawing machine export price amounted to $X per unit, reducing by -36.3% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 an increase of 7.8%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Indonesia (-1.5%), while the prices for the other major destinations experienced a decline.

Metal Sawing Machine Imports

Imports into Malaysia

In 2021, overseas purchases of sawing or cutting-off machines for working metal decreased by -21.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 45%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, metal sawing machine imports soared to $X in 2021. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal sawing machine to Malaysia, accounting for a 80% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. The third position in this ranking was held by Japan (X units), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-17.6% per year) and Japan (-11.6% per year).

In value terms, the largest metal sawing machine suppliers to Malaysia were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising 76% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of -3.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average metal sawing machine import price amounted to $X per unit, picking up by 49% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal sawing machine import price increased by +101.4% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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