Malaysia: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Malaysia

In 2021, after two years of decline, there was significant growth in the Malaysian wood bending machine market, when its value increased by 41% to $X. In general, consumption posted a pronounced increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Wood Bending Machine Exports

Exports from Malaysia

In 2021, shipments abroad of bending or assembling machines decreased by -32.1% to X units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 700% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wood bending machine exports surged to $X in 2021. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 835%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X units), the United States (X units) and Germany (X units) were the main destinations of wood bending machine exports from Malaysia, together comprising 97% of total exports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +109.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wood bending machine exported from Malaysia were Thailand ($X), Germany ($X) and the United States ($X), together comprising 96% of total exports.

Thailand, with a CAGR of +38.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, growing by 118% against the previous year. Over the period under review, the export price continues to indicate a tangible expansion. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Bending Machine Imports

Imports into Malaysia

In 2021, overseas purchases of bending or assembling machines decreased by -4.8% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2018 when imports increased by 315%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood bending machine imports surged to $X in 2021. In general, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2018 with an increase of 169%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and Taiwan (Chinese) (X units) were the main suppliers of wood bending machine imports to Malaysia, together comprising 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +101.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Italy ($X) constituted the largest wood bending machine suppliers to Malaysia, together accounting for 75% of total imports.

Italy, with a CAGR of +84.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, rising by 85% against the previous year. In general, the import price, however, recorded a mild slump. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+22.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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