Malaysia - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in Malaysia - 2021
Contents:
- Tractor Price in Malaysia (CIF) - 2021
- Tractor Price in Malaysia (FOB) - 2021
- Tractor Imports in Malaysia
- Tractor Exports in Malaysia
Tractor Price in Malaysia (CIF) - 2021
The average tractor import price stood at $17,727 per unit in December 2021, reducing by -29.6% against the previous month. In general, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in February 2021 when the average import price increased by 12% month-to-month. As a result, import price attained the peak level of $30,444 per unit; afterwards, it flattened through to December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Brazil ($43,329 per unit), while the price for Japan ($8,707 per unit) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by India (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Price in Malaysia (FOB) - 2021
The average tractor export price stood at $38,712 per unit in December 2021, with a decrease of -5.2% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 an increase of 127% month-to-month. Over the period under review, the average export prices hit record highs at $40,838 per unit in November 2021, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($42,742 per unit), while the average price for exports to Indonesia ($8,246 per unit) 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 Vietnam (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Tractor Imports in Malaysia
In 2022, after three years of growth, there was significant decline in supplies from abroad of tractors, when their volume decreased by -20.7% to 6.4K units. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of 8K units, and then reduced sharply in the following year.
In value terms, tractor imports declined to $167M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of $170M, and then reduced slightly in the following year.
| Import of Tractor in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.2 | 26.2 | 34.8 | 31.6 | -7.7% |
| Thailand | 14.3 | 6.7 | 36.0 | 24.1 | 19.0% |
| Japan | 20.7 | 13.4 | 22.0 | 20.5 | -0.3% |
| Brazil | 9.8 | 6.7 | 29.7 | 18.3 | 23.1% |
| Sweden | 23.2 | 13.1 | 19.0 | 14.3 | -14.9% |
| Netherlands | 23.0 | 15.9 | 11.1 | 13.6 | -16.1% |
| India | 2.2 | 3.3 | 4.9 | 6.3 | 42.0% |
| Italy | 1.9 | 4.6 | 3.5 | 3.7 | 24.9% |
| South Korea | 0.5 | 1.0 | 2.4 | 2.3 | 66.3% |
| Turkey | 0.2 | 1.2 | 0.2 | 1.5 | 95.7% |
| Others | 13.9 | 48.3 | 6.5 | 30.6 | 30.1% |
| Total | 150 | 141 | 170 | 167 | 3.6% |
Top Suppliers of Tractor to Malaysia in 2022:
- Japan (2709.0 units)
- China (2137.0 units)
- Thailand (673.0 units)
- India (495.0 units)
- Italy (208.0 units)
- South Korea (168.0 units)
- Turkey (113.0 units)
- Brazil (87.0 units)
- Sweden (75.0 units)
- Netherlands (66.0 units)
Tractor Exports in Malaysia
In 2022, approx. 386 units of tractors were exported from Malaysia; with a decrease of -15.9% compared with 2021. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, the exports attained the maximum at 540 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, tractor exports reduced modestly to $22M in 2022. In general, exports continue to indicate a deep setback. The exports peaked at $30M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Tractor in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.0 | 4.0 | 4.4 | 5.8 | 79.7% |
| Philippines | 1.5 | 3.6 | 3.5 | 4.6 | 45.3% |
| Singapore | 9.5 | 0.2 | 0.4 | 3.4 | -29.0% |
| Australia | 2.7 | 0.4 | 2.5 | 3.3 | 6.9% |
| Sri Lanka | 1.2 | 0.8 | 2.7 | 3.2 | 38.7% |
| Indonesia | 2.5 | 0.2 | 0.4 | 0.3 | -50.7% |
| Pakistan | 6.7 | 0.2 | 0.2 | 0.2 | -69.0% |
| Gabon | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| South Korea | N/A | N/A | 3.8 | N/A | 0% |
| Hungary | 0.3 | N/A | N/A | N/A | 0% |
| Suriname | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Taiwan (Chinese) | N/A | 2.1 | 0.2 | N/A | -90.5% |
| Others | 4.1 | 11.6 | 3.7 | 0.8 | -42.0% |
| Total | 29.9 | 23.3 | 22.0 | 21.8 | -10.0% |
Top Export Markets for Tractor from Malaysia in 2022:
- Vietnam (80.0 units)
- Singapore (53.0 units)
- Philippines (53.0 units)
- Indonesia (48.0 units)
- Sri Lanka (42.0 units)
- Australia (38.0 units)
- Suriname (15.0 units)
- Gabon (9.0 units)
- Pakistan (4.0 units)
This report provides an in-depth analysis of the tractor 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 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
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
-
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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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
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