Malaysia: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Malaysia

In 2022, the Malaysian cranks and crankshafts market increased by X% to $X, rising for the second year in a row after four years of decline. In general, consumption enjoyed a perceptible expansion. Cranks and crankshafts consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Cranks And Crankshafts Exports

Exports from Malaysia

In 2022, approx. X tons of cranks and crankshafts were exported from Malaysia; rising by X% compared with 2021 figures. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, cranks and crankshafts exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Singapore (X tons), Papua New Guinea (X tons) and Indonesia (X tons) were the main destinations of cranks and crankshafts exports from Malaysia, together comprising X% of total exports. Mexico, China, Vietnam, the United States, Thailand, the UK and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cranks and crankshafts exported from Malaysia were Singapore ($X), Papua New Guinea ($X) and Indonesia ($X), together comprising X% of total exports. Mexico, China, Vietnam, the United States, Thailand, the UK and Japan lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average cranks and crankshafts export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Vietnam ($X per ton), while the average price for exports to Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Malaysia

In 2022, purchases abroad of cranks and crankshafts increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cranks and crankshafts imports soared to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of cranks and crankshafts imports to Malaysia, with a combined X% share of total imports. Germany, Indonesia, Vietnam, Thailand, India and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts suppliers to Malaysia were Japan ($X), China ($X) and the United States ($X), together comprising X% of total imports. Germany, Indonesia, Vietnam, Thailand, India and Singapore lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 cranks and crankshafts import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and India ($X per ton), while the price for Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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