Malaysia - Drive-Axles with Differential and Non-Driving Axles - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Malaysia - Drive-Axles with Differential and Non-Driving Axles - Market Analysis, Forecast, Size, Trends And Insights

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Price for Driving and Non-Driving Axle in Malaysia - 2021

Contents:

  1. Price for Driving and Non-Driving Axle in Malaysia (CIF) - 2021
  2. Price for Driving and Non-Driving Axle in Malaysia (FOB) - 2021
  3. Imports of Driving and Non-Driving Axle in Malaysia
  4. Exports of Driving and Non-Driving Axle in Malaysia

Price for Driving and Non-Driving Axle in Malaysia (CIF) - 2021

The average driving and non-driving axle import price stood at $6,497 per ton in December 2021, waning by -3.2% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in June 2021 an increase of 17% m-o-m. Over the period under review, average import prices reached the peak figure at $6,709 per ton in November 2021, and then fell modestly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,123 per ton), while the price for Japan ($4,264 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Driving and Non-Driving Axle in Malaysia (FOB) - 2021

In December 2021, the average driving and non-driving axle export price amounted to $10,601 per ton, reducing by -7.1% against the previous month. Over the period under review, the export price continues to indicate a mild reduction. The pace of growth was the most pronounced in August 2021 when the average export price increased by 59% month-to-month. As a result, the export price reached the peak level of $18,977 per ton. From September 2021 to December 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In December 2021, the country with the highest price was the United States ($20,354 per ton), while the average price for exports to Indonesia ($8,687 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Driving and Non-Driving Axle in Malaysia

In 2022, the amount of drive-axles with differential and non-driving axles imported into Malaysia fell to 29K tons, with a decrease of -9.4% on the previous year. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 16%.

In value terms, driving and non-driving axle imports contracted to $153M in 2022. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 24%.

Import of Driving and Non-Driving Axle in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand34.727.940.237.82.9%
Japan45.933.938.130.0-13.2%
Indonesia29.921.823.323.3-8.0%
China17.417.018.720.55.6%
Germany24.415.724.415.0-15.0%
Sweden7.35.68.68.24.0%
United Kingdom7.24.65.16.0-5.9%
Others12.49.911.412.40.0%
Total179137170153-5.1%

Top Suppliers of Driving and Non-Driving Axle to Malaysia in 2022:

  1. China (9.6K tons)
  2. Japan (6.3K tons)
  3. Thailand (4.8K tons)
  4. Indonesia (3.2K tons)
  5. United Kingdom (1.8K tons)
  6. Germany (1.1K tons)
  7. Sweden (0.5K tons)

Exports of Driving and Non-Driving Axle in Malaysia

In 2022, overseas shipments of drive-axles with differential and non-driving axles decreased by -3% to 3.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 63%.

In value terms, driving and non-driving axle exports fell to $27M in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 94% against the previous year.

Export of Driving and Non-Driving Axle in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand3.517.123.119.577.3%
Singapore1.31.51.71.54.9%
Indonesia2.51.60.91.1-23.9%
Pakistan0.60.51.00.914.5%
Germany0.20.30.60.644.2%
Others4.22.83.33.6-5.0%
Total12.323.830.727.230.3%

Top Export Markets for Driving and Non-Driving Axle from Malaysia in 2022:

  1. Thailand (2461.7 tons)
  2. Indonesia (165.8 tons)
  3. Pakistan (117.2 tons)
  4. Singapore (73.7 tons)
  5. Germany (60.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for driving and non-driving axle 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 29323036 - Drive-axles with differential, non-driving axles and their parts

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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