Malaysia - Lifting Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLifting Equipment Price in Malaysia - 2021
Contents:
- Lifting Equipment Price in Malaysia (FOB) - 2022
- Lifting Equipment Price in Malaysia (CIF) - 2022
- Lifting Equipment Exports in Malaysia
- Lifting Equipment Imports in Malaysia
Lifting Equipment Price in Malaysia (FOB) - 2022
The average lifting equipment export price stood at $19,455 per unit in 2022, with a decrease of -20.5% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 27%. Over the period under review, the average export prices attained the maximum at $54,426 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($72,360 per unit), while the average price for exports to Singapore ($10,875 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 Indonesia (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Lifting Equipment Price in Malaysia (CIF) - 2022
The average lifting equipment import price stood at $7,608 per unit in 2022, increasing by 58% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 an increase of 179% against the previous year. Over the period under review, average import prices reached the maximum at $19,010 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($45,067 per unit), while the price for Sweden ($1,689 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Lifting Equipment Exports in Malaysia
In 2022, lifting equipment exports from Malaysia skyrocketed to 176 units, jumping by 23% compared with 2021 figures. In general, exports, however, continue to indicate a perceptible setback. Over the period under review, the exports reached the maximum at 203 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, lifting equipment exports contracted slightly to $3.4M in 2022. Over the period under review, exports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 4.6%. The exports peaked at $3.9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Lifting Equipment in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2,907 | 471 | 1,085 | 1,497 | -19.8% |
| Indonesia | 139 | 2,032 | 1,574 | 1,281 | 109.7% |
| Thailand | 416 | 208 | 110 | 215 | -19.7% |
| United Kingdom | 180 | 225 | 226 | 184 | 0.7% |
| Vietnam | 2.7 | 150 | 132 | 108 | 242.0% |
| China | 48.8 | 48.6 | 91.8 | 74.7 | 15.2% |
| Australia | 2.3 | 205 | 73.0 | 59.4 | 195.6% |
| South Korea | N/A | N/A | 144 | N/A | 0% |
| Tunisia | 104 | N/A | N/A | N/A | 0% |
| Others | 76.8 | 5.1 | 58.9 | N/A | -12.4% |
| Total | 3,877 | 3,343 | 3,495 | 3,419 | -4.1% |
Top Export Markets for Lifting Equipment from Malaysia in 2022:
- Singapore (138.0 units)
- Indonesia (22.0 units)
- China (6.0 units)
- Australia (3.0 units)
- United Kingdom (3.0 units)
- Thailand (3.0 units)
- Vietnam (2.0 units)
Lifting Equipment Imports in Malaysia
In 2022, the amount of lifting equipment imported into Malaysia stood at 672 units, increasing by 4.3% compared with the previous year. In general, imports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Over the period under review, imports hit record highs at 943 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, lifting equipment imports soared to $5.1M in 2022. Over the period under review, imports, however, saw a pronounced decline. Imports peaked at $7.1M in 2020; however, from 2021 to 2022, imports remained at a lower figure.
| Import of Lifting Equipment in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 659 | 2,694 | 3.7 | 1,883 | 41.9% |
| Singapore | 1,780 | 2.7 | 772 | 1,321 | -9.5% |
| China | 882 | 553 | 857 | 1,160 | 9.6% |
| United States | 302 | 61.4 | 209 | 291 | -1.2% |
| Japan | 230 | 60.7 | 72.9 | 194 | -5.5% |
| Italy | 84.7 | 22.1 | 37.0 | 75.3 | -3.8% |
| Sweden | 29.5 | 11.1 | 19.9 | 31.0 | 1.7% |
| Hong Kong SAR | N/A | N/A | 680 | N/A | 0% |
| Thailand | 407 | N/A | N/A | N/A | 0% |
| Germany | 562 | N/A | 38.5 | N/A | -73.8% |
| Australia | 186 | 18.1 | N/A | N/A | -90.3% |
| Others | 409 | 3,707 | 406 | 158 | -27.2% |
| Total | 5,532 | 7,130 | 3,096 | 5,113 | -2.6% |
Top Suppliers of Lifting Equipment to Malaysia in 2022:
- China (397.0 units)
- Singapore (116.0 units)
- South Korea (42.0 units)
- Japan (27.0 units)
- United States (25.0 units)
- Sweden (18.0 units)
- Italy (14.0 units)
This report provides an in-depth analysis of the lifting 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 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
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.
-
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
-
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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