Malaysia: X-Ray Apparatus Market 2024

X-Ray Apparatus Market Size in Malaysia

The Malaysian x-ray apparatus market fell to $X in 2022, leveling off at the previous year. Over the period under review, consumption posted moderate growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

X-Ray Apparatus Production in Malaysia

In value terms, x-ray apparatus production shrank to $X in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 80%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

X-Ray Apparatus Exports

Exports from Malaysia

In 2022, approx. X units of x-ray apparatus were exported from Malaysia; waning by -2.3% against 2021 figures. Overall, exports, however, enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2015 when exports increased by 50% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then reduced slightly in the following year.

In value terms, x-ray apparatus exports dropped to $X in 2022. In general, exports, however, posted a notable increase. The growth pace was the most rapid in 2014 with an increase of 81%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), India (X units) and Singapore (X units) were the main destinations of x-ray apparatus exports from Malaysia, together comprising 61% of total exports. Mexico, China, Germany, Indonesia, Australia, Thailand and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +53.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for x-ray apparatus exported from Malaysia were the United States ($X), Mexico ($X) and China ($X), together accounting for 40% of total exports.

Mexico, with a CAGR of +30.2%, 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

In 2022, the average x-ray apparatus export price amounted to $X per unit, waning by -5.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 50%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to India ($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 Germany (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Apparatus Imports

Imports into Malaysia

In 2022, the amount of x-ray apparatus imported into Malaysia skyrocketed to X units, rising by 35% compared with the year before. Overall, imports continue to indicate a moderate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, x-ray apparatus imports reduced notably to $X in 2022. In general, imports saw a slight expansion. The growth pace was the most rapid in 2021 with an increase of 109%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of x-ray apparatus to Malaysia, accounting for a 37% share of total imports. Moreover, x-ray apparatus imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Singapore (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.4% per year) and Singapore (+2.6% per year).

In value terms, China ($X), Germany ($X) and Japan ($X) constituted the largest x-ray apparatus suppliers to Malaysia, together comprising 39% of total imports. The United States, Singapore, the UK, South Korea, Spain, Italy, Taiwan (Chinese), France and Switzerland lagged somewhat behind, together comprising a further 30%.

Spain, with a CAGR of +17.4%, 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 x-ray apparatus import price amounted to $X per unit, waning by -45.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 81% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 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 Germany ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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