Malaysia: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2022

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Malaysia

The Malaysian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021, with an increase of 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a noticeable slump. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Malaysia

In 2021, overseas shipments of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 20% to X units, rising for the fourth consecutive year after four years of decline. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 215%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps rose markedly to $X in 2021. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 117%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Malaysia, with a 79% share of total exports. Moreover, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to the United States exceeded the volume sent to the second major destination, Singapore (X units), more than tenfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +109.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-0.4% per year) and the United Arab Emirates (+43.2% per year).

In value terms, the United States ($X) remains the key foreign market for hydraulic pump (gear or vane) and other rotary positive displacement pump exports from Malaysia, comprising 62% of total exports. The second position in the ranking was taken by Singapore ($X), with an 11% share of total exports. It was followed by Indonesia, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-3.3% per year) and Indonesia (-3.9% per year).

Export Prices by Country

In 2021, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, with a decrease of -8.2% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 71% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the United Arab Emirates ($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 Hong Kong SAR (+27.5%), while the prices for the other major destinations experienced a decline.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Malaysia

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were imported into Malaysia; rising by 27% against the year before. Overall, imports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of 51%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded remarkably to $X in 2021. In general, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2017 when imports increased by 39% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Malaysia, with a 73% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, Japan (X units), eightfold. The third position in this ranking was taken by Thailand (X units), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.4% per year) and Thailand (+12.8% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Malaysia, comprising 43% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.3% per year) and Japan (-5.9% per year).

Import Prices by Country

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, shrinking by -11.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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