Malaysia: Threshing Machinery Market 2024

Threshing Machinery Market Size in Malaysia

The Malaysian threshing machinery market stood at $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, continues to indicate a perceptible decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Threshing Machinery Production in Malaysia

In value terms, threshing machinery production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable curtailment. The growth pace was the most rapid in 2014 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Threshing Machinery Exports

Exports from Malaysia

In 2022, shipments abroad of threshing machinery except combine harvester-threshers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2019 with an increase of 284% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, threshing machinery exports soared to $X in 2022. Over the period under review, exports, however, showed a sharp downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 228%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X units), Indonesia (X units) and Thailand (X units) were the main destinations of threshing machinery exports from Malaysia, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +10.0%), while the other leaders experienced a decline.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) constituted the largest markets for threshing machinery exported from Malaysia worldwide, together accounting for 99% of total exports.

Vietnam, with a CAGR of +3.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average threshing machinery export price amounted to $X per unit, which is down by -12.1% against the previous year. Overall, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 83%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Ghana ($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 Indonesia (+2.0%), while the prices for the other major destinations experienced a decline.

Threshing Machinery Imports

Imports into Malaysia

In 2022, approx. X units of threshing machinery except combine harvester-threshers were imported into Malaysia; growing by 9.1% against the year before. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 when imports increased by 267%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, threshing machinery imports soared to $X in 2022. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 181%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and India (X units) were the main suppliers of threshing machinery imports to Malaysia, with a combined 75% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +25.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Malaysia, comprising 61% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Thailand, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (0.0% per year) and Thailand (+3.3% per year).

Import Prices by Country

In 2022, the average threshing machinery import price amounted to $X per unit, increasing by 25% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 57% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+63.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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