Report Update: May 1, 2024

Malaysia - Non-Electric Industrial Or Laboratory Furnaces And Ovens - Market Analysis, Forecast, Size, Trends And Insights

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Non-Electric Industrial Furnace Price in Malaysia - 2021

Non-Electric Industrial Furnace Price in Malaysia (CIF) - 2022

In 2022, the average non-electric industrial furnace import price amounted to $450 per unit, falling by -34.8% against the previous year. In general, the import price showed a noticeable decline. The pace of growth appeared the most rapid in 2018 an increase of 14% against the previous year. Over the period under review, average import prices attained the peak figure at $691 per unit in 2021, and then shrank remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($451 per unit) and South Korea ($451 per unit), while the price for China ($451 per unit) and Italy ($451 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the prices for the other major suppliers experienced a decline.

Non-Electric Industrial Furnace Price in Malaysia (FOB) - 2022

The average non-electric industrial furnace export price stood at $488 per unit in 2022, with a decrease of -18.7% against the previous year. Over the period under review, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $603 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cambodia ($492 per unit) and the Philippines ($492 per unit), while the average price for exports to Japan ($486 per unit) and Indonesia ($489 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Industrial Furnace Imports in Malaysia

In 2022, purchases abroad of non-electric industrial or laboratory furnaces and ovens was finally on the rise to reach 24K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a drastic downturn. Over the period under review, imports reached the maximum at 30K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports fell to $11M in 2022. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. Imports peaked at $17M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Non-Electric Industrial Furnace in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.0	6.1	6.0	6.6	-9.8%
Japan	1.4	1.8	0.1	1.0	-10.6%
Germany	0.5	1.0	0.7	0.7	11.9%
South Korea	1.8	N/A	0.1	0.6	-30.7%
Italy	0.1	N/A	0.4	0.4	58.7%
United Kingdom	1.0	N/A	0.1	0.4	-26.3%
United States	0.9	N/A	0.1	0.3	-30.7%
Taiwan (Chinese)	0.5	0.2	0.1	0.3	-15.7%
Singapore	0.4	0.1	0.1	0.2	-20.6%
Others	0.7	0.9	3.8	0.3	-24.6%
Total	16.5	10.2	11.4	10.8	-13.2%

Top Suppliers of Non-Electric Industrial Furnace to Malaysia in 2022:

China (14.7K units)
Japan (2.3K units)
Germany (1.6K units)
South Korea (1.3K units)
Italy (0.8K units)
United Kingdom (0.8K units)
United States (0.7K units)
Taiwan (Chinese) (0.6K units)
Singapore (0.4K units)

Non-Electric Industrial Furnace Exports in Malaysia

In 2022, approx. 3.7K units of non-electric industrial or laboratory furnaces and ovens were exported from Malaysia; with a decrease of -26.4% against the previous year. Overall, exports, however, posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of 297%. As a result, the exports attained the peak of 5K units, and then fell sharply in the following year.

In value terms, non-electric industrial furnace exports contracted notably to $1.8M in 2022. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 407%. As a result, the exports reached the peak of $3M, and then contracted markedly in the following year.

Export of Non-Electric Industrial Furnace in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	50.3	43.6	1,188	867	158.3%
Thailand	46.3	16.1	699	510	122.5%
Indonesia	49.4	175	172	126	36.6%
Singapore	217	158	86.2	97.9	-23.3%
Cambodia	117	2.6	132	96.6	-6.2%
Philippines	30.3	23.6	117	85.1	41.1%
China	227	N/A	N/A	N/A	0%
Mexico	113	N/A	N/A	N/A	0%
Oman	N/A	N/A	165	N/A	0%
Italy	N/A	79.1	N/A	N/A	0%
Others	225	90.6	427	4.7	-72.5%
Total	1,074	589	2,987	1,788	18.5%

Top Export Markets for Non-Electric Industrial Furnace from Malaysia in 2022:

Japan (1784.0 units)
Thailand (1043.0 units)
Indonesia (257.0 units)
Singapore (200.0 units)
Cambodia (196.0 units)
Philippines (173.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-electric industrial furnace 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 28211270 - Industrial or laboratory furnaces and ovens, non-electric, i ncluding incinerators (excluding those for the roasting, m elting or other heat treatment of ores, pyrites or metals, b akery ovens, drying ovens and ovens for cracking operations)

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023