Malaysia: Vacuum Pump Market 2024

Vacuum Pump Market Size in Malaysia

In 2022, after two years of growth, there was significant decline in the Malaysian vacuum pump market, when its value decreased by -8.7% to $X. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.3% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Vacuum Pump Production in Malaysia

In value terms, vacuum pump production expanded to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 88% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Vacuum Pump Exports

Exports from Malaysia

After two years of growth, shipments abroad of vacuum pumps decreased by -4.2% to X units in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 550%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, vacuum pump exports dropped to $X in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 200% 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 units), Singapore (X units) and China (X units) were the main destinations of vacuum pump exports from Malaysia, with a combined 53% share 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 China (with a CAGR of +98.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and France ($X) appeared to be the largest markets for vacuum pump exported from Malaysia worldwide, together comprising 64% of total exports. Italy, Singapore, Germany, the UK, Japan, Canada, Indonesia, Finland and Turkey lagged somewhat behind, together comprising a further 28%.

Finland, with a CAGR of +120.6%, saw the highest growth rate of the value of exports, among 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 vacuum pump export price stood at $X per unit in 2022, with a decrease of -2.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 186%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Turkey ($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 Finland (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Malaysia

After two years of growth, overseas purchases of vacuum pumps decreased by -26.3% to X units in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 129% against the previous year. Imports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, vacuum pump imports shrank to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China (X units), Japan (X units) and Singapore (X units) were the main suppliers of vacuum pump imports to Malaysia, together comprising 64% of total imports. Taiwan (Chinese), Germany, Thailand, the United States and South Korea lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +14.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) were the largest vacuum pump suppliers to Malaysia, with a combined 54% share of total imports. Germany, the United States, South Korea, Singapore and Thailand lagged somewhat behind, together accounting for a further 26%.

South Korea, with a CAGR of +15.7%, saw 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

The average vacuum pump import price stood at $X per unit in 2022, rising by 17% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2013 an increase of 83% 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 somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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