Malaysia: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in Malaysia

The Malaysian wood slicing machine market soared to $X in 2021, rising by 109% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wood Slicing Machine Exports

Exports from Malaysia

Wood slicing machine exports from Malaysia dropped significantly to X units in 2021, waning by -26.1% compared with the year before. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2019 when exports increased by 647% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood slicing machine exports contracted notably to $X in 2021. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2017 when exports increased by 606% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X units) was the main destination for wood slicing machine exports from Malaysia, accounting for a 92% share of total exports. Moreover, wood slicing machine exports to Pakistan exceeded the volume sent to the second major destination, the Philippines (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-9.6% per year) and China (0.0% per year).

In value terms, China ($X) remains the key foreign market for splitting, slicing or paring machines exports from Malaysia, comprising 4.3% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 2% share of total exports. It was followed by the Philippines, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+5.8% per year) and the Philippines (+14.0% per year).

Export Prices by Country

In 2021, the average wood slicing machine export price amounted to $X per unit, rising by 3.1% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 47%. Over the period under review, the average export prices attained 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Pakistan ($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 (+21.0%), while the prices for the other major destinations experienced a decline.

Wood Slicing Machine Imports

Imports into Malaysia

In 2021, the amount of splitting, slicing or paring machines imported into Malaysia surged to X units, growing by 88% against the previous year's figure. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 128%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wood slicing machine imports skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 102% against the previous year. Over the period under review, imports attained the peak figure 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 wood slicing machine to Malaysia, accounting for a 87% share of total imports. It was followed by Japan (X units), with a 2.7% share of total imports. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-26.6% per year) and Taiwan (Chinese) (-32.8% per year).

In value terms, China ($X) constituted the largest supplier of splitting, slicing or paring machines to Malaysia, comprising 61% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6.3% share of total imports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.5% per year) and Germany (-26.2% per year).

Import Prices by Country

The average wood slicing machine import price stood at $X per unit in 2021, waning by -24.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 78% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+106.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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