Malaysia: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Malaysia

In 2021, after two years of growth, there was significant decline in the Malaysian metal threading machine market, when its value decreased by -17.6% to $X. In general, consumption recorded a abrupt curtailment. Metal threading machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Threading Machine Exports

Exports from Malaysia

In 2021, the amount of threading or tapping machines for working metal exported from Malaysia shrank notably to X units, with a decrease of -77.3% on the previous year. Overall, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2020 with an increase of 66%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal threading machine exports contracted significantly to $X in 2021. Over the period under review, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2015 when exports increased by 58% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for metal threading machine exports from Malaysia, accounting for a 56% share of total exports. Moreover, metal threading machine exports to Singapore exceeded the volume sent to the second major destination, Solomon Islands (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Solomon Islands (+80.6% per year) and the UK (+672.7% per year).

In value terms, Singapore ($X) emerged as the key foreign market for threading or tapping machines for working metal exports from Malaysia, comprising 60% of total exports. The second position in the ranking was taken by the UK ($X), with a 13% share of total exports. It was followed by Solomon Islands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+940.3% per year) and Solomon Islands (+77.7% per year).

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, picking up by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the United Arab Emirates ($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 the UK (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Malaysia

In 2021, overseas purchases of threading or tapping machines for working metal decreased by -36.7% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of 293% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal threading machine imports fell notably to $X in 2021. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 229%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Japan (X units) were the main suppliers of metal threading machine imports to Malaysia, with a combined 80% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +56.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Germany ($X) and Japan ($X) were the largest metal threading machine suppliers to Malaysia, with a combined 80% share of total imports.

Germany, with a CAGR of +59.2%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average metal threading machine import price amounted to $X per unit, rising by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Singapore ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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