Malaysia - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Heating Equipment Price in Malaysia - 2021
Contents:
- Electric Heating Equipment Price in Malaysia (FOB) - 2022
- Electric Heating Equipment Price in Malaysia (CIF) - 2021
- Electric Heating Equipment Exports in Malaysia
- Electric Heating Equipment Imports in Malaysia
Electric Heating Equipment Price in Malaysia (FOB) - 2022
In 2022, the average electric heating equipment export price amounted to $50 per unit, reducing by -8.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 53%. The export price peaked at $71 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($132 per unit), while the average price for exports to Vietnam ($10 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 the Netherlands (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Heating Equipment Price in Malaysia (CIF) - 2021
The average electric heating equipment import price stood at $93.4 per unit in December 2021, declining by -8.3% against the previous month. Over the period under review, import price indicated measured growth from December 2020 to December 2021: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, electric heating equipment import price decreased by -8.3% against November 2021 indices. The pace of growth was the most pronounced in January 2021 when the average import price increased by 45% month-to-month. The import price peaked at $102 per unit in November 2021, and then declined in the following month.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Japan ($79.4 per unit) and China ($69.6 per unit), while the price for Taiwan (Chinese) ($58.2 per unit) and Singapore ($58.3 per unit) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Heating Equipment Exports in Malaysia
In 2022, electric heating equipment exports from Malaysia amounted to 3.4M units, remaining stable against the year before. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 6.7% against the previous year. The exports peaked at 3.4M units in 2019; afterwards, it flattened through to 2022.
In value terms, electric heating equipment exports fell to $170M in 2022. Over the period under review, exports, however, saw a abrupt decline. The smallest decline of -0.9% was in 2020. The exports peaked at $223M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Electric Heating Equipment in Malaysia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 58.0 | 59.6 | 38.5 | 47.2 | -6.6% |
United States | 46.4 | 44.8 | 43.4 | 38.1 | -6.4% |
China | 35.3 | 24.4 | 23.5 | 15.9 | -23.3% |
Australia | 8.8 | 15.3 | 7.0 | 10.8 | 7.1% |
Taiwan (Chinese) | 7.2 | 10.7 | 12.1 | 9.6 | 10.1% |
Italy | 0.5 | 0.3 | 2.7 | 7.8 | 149.9% |
Netherlands | N/A | 0.9 | 9.5 | 6.9 | 176.9% |
United Kingdom | 24.8 | 32.8 | 10.3 | 6.6 | -35.7% |
Hong Kong SAR | 5.4 | 5.8 | 6.5 | 5.6 | 1.2% |
Canada | 9.8 | 7.2 | 7.1 | 4.5 | -22.9% |
Indonesia | 2.2 | 2.3 | 3.0 | 3.4 | 15.6% |
Vietnam | 4.1 | 2.5 | 4.9 | 2.5 | -15.2% |
Others | 20.6 | 14.6 | 14.9 | 10.8 | -19.4% |
Total | 223 | 221 | 183 | 170 | -8.6% |
Top Export Markets for Electric Heating Equipment from Malaysia in 2022:
- Japan (834.8K units)
- United States (673.7K units)
- Indonesia (294.8K units)
- China (280.6K units)
- Vietnam (243.0K units)
- Australia (190.4K units)
- Taiwan (Chinese) (170.1K units)
- Italy (138.8K units)
- United Kingdom (117.0K units)
- Hong Kong SAR (99.2K units)
- Canada (80.3K units)
- Netherlands (52.4K units)
Electric Heating Equipment Imports in Malaysia
In 2022, overseas purchases of electric space heating apparatus and soil heating apparatus decreased by -1% to 1.3M units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, imports attained the peak of 1.7M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electric heating equipment imports skyrocketed to $11M in 2022. In general, imports saw a abrupt slump. Over the period under review, imports attained the peak figure at $17M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Electric Heating Equipment in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.3 | 7.3 | 5.4 | 5.4 | 17.8% |
Vietnam | 0.1 | 0.1 | N/A | 2.1 | 175.9% |
Singapore | 10.2 | 1.4 | 1.0 | 1.8 | -43.9% |
Japan | 0.1 | 0.1 | 0.1 | 0.7 | 91.3% |
Thailand | 0.5 | 0.5 | 0.1 | 0.1 | -41.5% |
Others | 2.3 | 1.6 | 0.9 | 1.2 | -19.5% |
Total | 16.5 | 10.9 | 7.5 | 11.3 | -11.9% |
Top Suppliers of Electric Heating Equipment to Malaysia in 2022:
- China (1083.1K units)
- Singapore (75.1K units)
- Japan (62.0K units)
- Thailand (52.0K units)
- Vietnam (22.3K units)
This report provides an in-depth analysis of the electric heating equipment market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512630 - Electric storage heating radiators
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
- Prodcom 27512690 - Other electric space heaters
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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