Malaysia: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Malaysia

The Malaysian scrapers excavator market fell to $X in 2022, waning by -9.5% against the previous year. In general, consumption saw a drastic downturn. Scrapers excavator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Scrapers Excavator Production in Malaysia

In value terms, scrapers excavator production fell to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 24%. Scrapers excavator production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Scrapers Excavator Exports

Exports from Malaysia

In 2022, after two years of decline, there was significant growth in overseas shipments of scrapers earth moving, excavating, extracting machinery (not self-propelled), when their volume increased by 34% to X units. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 186%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, scrapers excavator exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 192%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X units), Singapore (X units) and Indonesia (X units) were the main destinations of scrapers excavator exports from Malaysia, with a combined 92% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +31.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) appeared to be the largest markets for scrapers excavator exported from Malaysia worldwide, with a combined 93% share of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +36.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average scrapers excavator export price stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per unit) and Indonesia ($X per unit), while the average price for exports to China ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.5%), while the prices for the other major destinations experienced a decline.

Scrapers Excavator Imports

Imports into Malaysia

In 2022, after two years of growth, there was significant decline in supplies from abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled), when their volume decreased by -7.5% to X units. Over the period under review, imports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of 332%. Over the period under review, imports reached the maximum at X units in 2021, and then fell in the following year.

In value terms, scrapers excavator imports dropped to $X in 2022. In general, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 350% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest scrapers excavator supplier to Malaysia, with a 50% share of total imports. Moreover, scrapers excavator imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. China (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +67.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+76.2% per year) and China (+18.2% per year).

In value terms, the United States ($X) constituted the largest supplier of scrapers earth moving, excavating, extracting machinery (not self-propelled) to Malaysia, comprising 50% of total imports. The second position in the ranking was taken by Singapore ($X), with a 21% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +66.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+74.3% per year) and China (+18.8% per year).

Import Prices by Country

In 2022, the average scrapers excavator import price amounted to $X per unit, flattening at the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and the United States ($X per unit), while the price for Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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