Malaysia: Tamping Machinery Market 2024

Tamping Machinery Market Size in Malaysia

In 2021, after two years of decline, there was significant growth in the Malaysian tamping machinery market, when its value increased by 5.4% to $X. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.5% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Tamping Machinery Production in Malaysia

In value terms, tamping machinery production reached $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 30% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Tamping Machinery Exports

Exports from Malaysia

In 2021, the amount of tamping or compacting machinery exported from Malaysia soared to X units, rising by 22% against 2020. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 133% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, tamping machinery exports reduced notably to $X in 2021. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 212%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) and the UK (X units) were the main destinations of tamping machinery exports from Malaysia.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +31.8%).

In value terms, the United Arab Emirates ($X) remains the key foreign market for tamping or compacting machinery exports from Malaysia, comprising 76% of total exports. The second position in the ranking was held by the UK ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +17.7%.

Export Prices by Country

In 2021, the average tamping machinery export price amounted to $X per unit, with a decrease of -30.9% against the previous year. Overall, the export price, however, recorded moderate growth. The growth pace was the most rapid in 2018 an increase of 461%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the UK amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+147.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into Malaysia

In 2021, imports of tamping or compacting machinery into Malaysia expanded sharply to X units, increasing by 7.1% on 2020. Over the period under review, imports saw a pronounced increase. The pace of growth was the most pronounced in 2017 when imports increased by 157%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, tamping machinery imports contracted sharply to $X in 2021. In general, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 224% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then shrank remarkably in the following year.

Imports by Country

In 2021, China (X units) was the main tamping machinery supplier to Malaysia, with a 93% share of total imports. It was followed by Germany (X units), with a 2.8% share of total imports. Japan (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-27.8% per year) and Japan (-6.7% per year).

In value terms, China ($X), Spain ($X) and Germany ($X) were the largest tamping machinery suppliers to Malaysia, together accounting for 94% of total imports.

Among the main suppliers, China, with a CAGR of +22.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average tamping machinery import price amounted to $X per unit, declining by -70.3% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 130% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced rapidly in the following year.

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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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