Malaysia: Concrete Mixer Market 2024

Concrete Mixer Market Size in Malaysia

In 2021, after four years of growth, there was decline in the Malaysian concrete mixer market, when its value decreased by -2.7% to $X. Overall, consumption saw a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Concrete Mixer Production in Malaysia

In value terms, concrete mixer production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 78% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Concrete Mixer Exports

Exports from Malaysia

In 2021, after three years of decline, there was significant growth in overseas shipments of concrete or mortar mixers, when their volume increased by 78% to X units. Over the period under review, exports, however, faced a dramatic curtailment. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, concrete mixer exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units), Bangladesh (X units) and the United States (X units) were the main destinations of concrete mixer exports from Malaysia, together accounting for 59% of total exports. Thailand, Nigeria, Taiwan (Chinese), Finland, Vietnam and Saudi Arabia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +23.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Nigeria ($X) constituted the largest markets for concrete mixer exported from Malaysia worldwide, with a combined 34% share of total exports. These countries were followed by Bangladesh, the United States, Vietnam, Finland, Taiwan (Chinese) and Saudi Arabia, which together accounted for a further 12%.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +46.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average concrete mixer export price stood at $X per unit in 2021, rising by 10% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 74%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per unit), while the average price for exports to the United States ($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 Denmark (+1,263.9%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Mixer Imports

Imports into Malaysia

In 2021, the amount of concrete or mortar mixers imported into Malaysia reduced to X units, shrinking by -11.8% compared with the previous year's figure. Overall, imports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 96%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, concrete mixer imports fell significantly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 154%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest concrete mixer supplier to Malaysia, accounting for a 76% share of total imports. Moreover, concrete mixer imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Australia (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-18.2% per year) and Australia (-11.3% per year).

In value terms, China ($X) constituted the largest supplier of concrete or mortar mixers to Malaysia, comprising 78% of total imports. The second position in the ranking was held by Spain ($X), with a 2.9% share of total imports. It was followed by Denmark, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.5% per year) and Denmark (+0.3% per year).

Import Prices by Country

In 2021, the average concrete mixer import price amounted to $X per unit, which is down by -13.9% against the previous year. In general, the import price, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 368% against the previous year. The import price peaked at $X per unit in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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