Malaysia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Malaysia

In 2021, the Malaysian market for pneumatic or hydraulic hand tools increased by 23% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, saw a mild shrinkage. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Malaysia

In value terms, pneumatic or hydraulic hand tool production rose markedly to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by 37% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Malaysia

In 2021, exports of pneumatic or hydraulic hand tools from Malaysia contracted dramatically to X tons, reducing by -20.4% compared with the year before. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 17%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports reduced to $X in 2021. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 18%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), Thailand (X tons) and Singapore (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Malaysia, together accounting for 31% of total exports. These countries were followed by the Netherlands, Indonesia, Papua New Guinea, South Africa, the UK, the United Arab Emirates, Japan, Brunei Darussalam, Oman and South Korea, which together accounted for a further 51%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +48.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Malaysia were China ($X), Thailand ($X) and the Netherlands ($X), together accounting for 33% of total exports. These countries were followed by Singapore, Papua New Guinea, Indonesia, South Africa, Japan, the UK, South Korea, Brunei Darussalam, the United Arab Emirates and Oman, which together accounted for a further 49%.

South Africa, with a CAGR of +40.8%, recorded 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

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2017 an increase of 23% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Malaysia

For the third consecutive year, Malaysia recorded growth in overseas purchases of pneumatic or hydraulic hand tools, which increased by 26% to X tons in 2021. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to Malaysia, with a 71% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), eightfold. The third position in this ranking was taken by Japan (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+4.4% per year) and Japan (-5.7% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Malaysia, comprising 69% of total imports. The second position in the ranking was taken by Brazil ($X), with a 9.2% share of total imports. It was followed by Japan, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3.4% per year) and Japan (-5.8% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, increasing by 4.8% against the previous year. Overall, the import price, however, showed a mild curtailment. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Japan ($X per ton), while the price for China ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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