Malaysia: Market for Wiring sets used in vehicles, aircraft or ships 2025

Market Size for Wiring sets used in vehicles, aircraft or ships in Malaysia

The Malaysian market for wiring sets used in vehicles, aircraft or ships reduced modestly to $X in 2022, declining by -4.6% against the previous year. Overall, consumption, however, continues to indicate a prominent increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Malaysia

In value terms, production of wiring sets used in vehicles, aircraft or ships dropped to $X in 2022 estimated in export price. Over the period under review, production, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 72%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Malaysia

In 2022, after two years of growth, there was decline in overseas shipments of wiring sets used in vehicles, aircraft or ships, when their volume decreased by -3.6% to X tons. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 39% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships fell to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 35%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Malaysia, with a 74% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), sevenfold. The third position in this ranking was held by Vietnam (X tons), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-5.9% per year) and Vietnam (-20.1% per year).

In value terms, Singapore ($X) emerged as the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Malaysia, comprising 56% of total exports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total exports. It was followed by Vietnam, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-2.3% per year) and Vietnam (-7.1% per year).

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 67% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Malaysia

Imports of wiring sets used in vehicles, aircraft or ships into Malaysia contracted to X tons in 2022, reducing by -14% on 2021 figures. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 52% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, imports of wiring sets used in vehicles, aircraft or ships declined significantly to $X in 2022. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 67%. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

China (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Malaysia, together comprising 62% of total imports. Vietnam, Japan, South Korea, the United States, Indonesia, Taiwan (Chinese), Singapore and Hong Kong SAR lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wiring sets used in vehicles, aircraft or ships suppliers to Malaysia were China ($X), Vietnam ($X) and Thailand ($X), with a combined 57% share of total imports.

Vietnam, with a CAGR of +21.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, declining by -4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2015 when the average import price increased by 22%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, 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 Vietnam ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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