Malaysia: Isolating Switch Market 2024

Isolating Switch Market Size in Malaysia

In 2022, the Malaysian isolating switch market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a abrupt contraction. Isolating switch consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Isolating Switch Exports

Exports from Malaysia

In 2022, approx. X units of isolating switches & make-and-break switches were exported from Malaysia; dropping by -31.1% on 2021. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 87% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, isolating switch exports shrank dramatically to $X in 2022. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 73% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units), Ghana (X units) and the UK (X units) were the main destinations of isolating switch exports from Malaysia, together accounting for 48% of total exports. Bahrain, Oman, the United Arab Emirates, Australia, the United States, Ireland, Cambodia, Papua New Guinea, Qatar and Saudi Arabia lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +51.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for isolating switch exported from Malaysia were Singapore ($X), the United States ($X) and the UK ($X), with a combined 52% share of total exports. Ghana, Oman, Bahrain, the United Arab Emirates, Australia, Ireland, Cambodia, Qatar, Papua New Guinea and Saudi Arabia lagged somewhat behind, together accounting for a further 33%.

Ireland, with a CAGR of +41.5%, recorded the highest growth rate of the value of exports, in terms of 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 isolating switch export price stood at $X per unit in 2022, jumping by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2014 when the average export price increased by 54%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Papua New Guinea ($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 the UK (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Isolating Switch Imports

Imports into Malaysia

After two years of decline, purchases abroad of isolating switches & make-and-break switches increased by 35% to X units in 2022. Over the period under review, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 182%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, isolating switch imports surged to $X in 2022. Overall, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 121%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X units), Italy (X units) and the United Arab Emirates (X units) were the main suppliers of isolating switch imports to Malaysia, together accounting for 60% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +55.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest isolating switch suppliers to Malaysia were Switzerland ($X), Italy ($X) and Singapore ($X), with a combined 47% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of +34.7%, recorded the highest rates of growth with regard to 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

In 2022, the average isolating switch import price amounted to $X per unit, waning by -11.5% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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