Malaysia - Spray Guns and Similar Appliances - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMalaysia: Market for Spray Guns And Similar Appliances 2024
Market Size for Spray Guns And Similar Appliances in Malaysia
In 2022, the Malaysian market for spray guns and similar appliances decreased by -10.2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a pronounced contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.
Production of Spray Guns And Similar Appliances in Malaysia
In value terms, spray guns and similar appliances production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 88% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.
Exports of Spray Guns And Similar Appliances
Exports from Malaysia
Spray guns and similar appliances exports from Malaysia rose notably to X units in 2022, with an increase of 6.4% compared with 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 226% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spray guns and similar appliances exports reduced to $X in 2022. Over the period under review, exports posted a perceptible increase. The pace of growth was the most pronounced in 2014 when exports increased by 226% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.
Exports by Country
The UK (X units) was the main destination for spray guns and similar appliances exports from Malaysia, with a 61% share of total exports. Moreover, spray guns and similar appliances exports to the UK exceeded the volume sent to the second major destination, Indonesia (X units), eightfold. Zambia (X units) ranked third in terms of total exports with a 5% share.
From 2012 to 2022, the average annual growth rate of volume to the UK totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-8.6% per year) and Zambia (+53.6% per year).
In value terms, the UK ($X) remains the key foreign market for spray guns and similar appliances exports from Malaysia, comprising 47% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 17% share of total exports. It was followed by the United States, with a 6.9% share.
From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+0.7% per year) and the United States (+22.4% per year).
Export Prices by Country
In 2022, the average export price for spray guns and similar appliances amounted to $X per unit, falling by -18.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2017 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then contracted notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Zambia ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spray Guns And Similar Appliances
Imports into Malaysia
In 2022, after seven years of growth, there was significant decline in supplies from abroad of spray guns and similar appliances, when their volume decreased by -13.5% to X units. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 69% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted in the following year.
In value terms, spray guns and similar appliances imports contracted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of $X, and then reduced in the following year.
Imports by Country
In 2022, China (X units) constituted the largest supplier of spray guns and similar appliances to Malaysia, accounting for a 82% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 2.8% share.
From 2012 to 2022, the average annual growth rate of volume from China totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.6% per year) and Germany (+2.7% per year).
In value terms, China ($X) constituted the largest supplier of spray guns and similar appliances to Malaysia, comprising 72% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7% share of total imports. It was followed by the United States, with a 5.1% share.
From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.8% per year) and the United States (-6.8% per year).
Import Prices by Country
In 2022, the average import price for spray guns and similar appliances amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2019 when the average import price increased by 17% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.0%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for spray guns and similar appliances in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28292220 - Spray guns and similar appliances
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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