Malaysia: Suspension System Market 2025

Suspension System Market Size in Malaysia

The Malaysian suspension system market rose to $X in 2022, picking up by 2.3% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Suspension System Production in Malaysia

In value terms, suspension system production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 37%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Suspension System Exports

Exports from Malaysia

In 2022, the amount of suspension systems exported from Malaysia declined to X tons, with a decrease of -12.3% on 2021 figures. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 786%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, suspension system exports contracted to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 885% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X tons), Thailand (X tons) and Mexico (X tons) were the main destinations of suspension system exports from Malaysia, with a combined 40% share of total exports. Germany, the United Arab Emirates, Poland, Indonesia, Saudi Arabia, Russia, Ukraine, Canada, China and Angola lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +68.4%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the United States ($X) and Indonesia ($X) were the largest markets for suspension system exported from Malaysia worldwide, with a combined 41% share of total exports. Mexico, Poland, Saudi Arabia, Germany, the United Arab Emirates, Ukraine, Russia, Canada, China and Angola lagged somewhat behind, together comprising a further 25%.

Saudi Arabia, with a CAGR of +85.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average suspension system export price amounted to $X per ton, shrinking by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Suspension System Imports

Imports into Malaysia

Suspension system imports into Malaysia dropped to X tons in 2022, which is down by -9.3% on 2021 figures. In general, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 254%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, suspension system imports declined to $X in 2022. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 228% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Indonesia (X tons) and Thailand (X tons) were the main suppliers of suspension system imports to Malaysia, together comprising 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +44.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest suspension system suppliers to Malaysia were China ($X), Thailand ($X) and Germany ($X), together comprising 65% of total imports. Indonesia, Japan and South Korea lagged somewhat behind, together accounting for a further 22%.

Indonesia, with a CAGR of +30.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average suspension system import price amounted to $X per ton, dropping by -3.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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