Malaysia: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Malaysia

The Malaysian market for central heating boilers, for producing hot water or low pressure steam shrank modestly to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, posted a resilient expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Malaysia

In value terms, production of central heating boilers, for producing hot water or low pressure steam fell slightly to $X in 2022 estimated in export price. Overall, production, however, posted buoyant growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Malaysia

Exports of central heating boilers, for producing hot water or low pressure steam from Malaysia skyrocketed to X units in 2022, jumping by X% on the previous year's figure. Over the period under review, exports, however, recorded a precipitous descent. Over the period under review, the exports of reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam expanded remarkably to $X in 2022. In general, exports, however, showed a significant curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cambodia (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Malaysia, with a X% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to Cambodia exceeded the volume sent to the second major destination, the United States (X units), fivefold. Japan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Cambodia (X% per year).

Export Prices by Country

The average export price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Cambodia ($X 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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Malaysia

For the third year in a row, Malaysia recorded growth in overseas purchases of central heating boilers, for producing hot water or low pressure steam, which increased by X% to X units in 2022. In general, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam soared to $X in 2022. Over the period under review, imports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Germany (X units) were the main suppliers of imports of central heating boilers, for producing hot water or low pressure steam to Malaysia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest central heating boilers, for producing hot water or low pressure steam suppliers to Malaysia were China ($X), Taiwan (Chinese) ($X) and Germany ($X), with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, 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 a decline.

Import Prices by Country

The average import price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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