Malaysia: Engine Generator Market 2024

Engine Generator Market Size in Malaysia

The Malaysian engine generator market surged to $X in 2022, increasing by X% against the previous year. In general, consumption, however, continues to indicate a noticeable shrinkage. Engine generator consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Engine Generator Production in Malaysia

In value terms, engine generator production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Engine generator production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Engine Generator Exports

Exports from Malaysia

In 2022, shipments abroad of generators for internal combustion engines increased by X% to X units for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, engine generator exports surged to $X in 2022. In general, exports showed moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X units) was the main destination for engine generator exports from Malaysia, accounting for a X% share of total exports. Moreover, engine generator exports to Singapore exceeded the volume sent to the second major destination, Saudi Arabia (X units), twofold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Mexico (X% per year).

In value terms, Singapore ($X) remains the key foreign market for generators for internal combustion engines exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average engine generator export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price saw a measured increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

Engine Generator Imports

Imports into Malaysia

In 2022, overseas purchases of generators for internal combustion engines were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, engine generator imports skyrocketed to $X in 2022. Overall, total imports indicated a resilient increase 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Thailand (X units) and Japan (X units) were the main suppliers of engine generator imports to Malaysia, with a combined X% share of total imports. India, Taiwan (Chinese), the United States, Germany, South Korea and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Japan ($X) appeared to be the largest engine generator suppliers to Malaysia, with a combined X% share of total imports. Germany, India, the United States, Indonesia, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average engine generator import price stood at $X per unit in 2022, with an increase of 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 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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