Malaysia: Loading Machinery Market 2024

Loading Machinery Market Size in Malaysia

The Malaysian loading machinery market expanded sharply to $X in 2022, rising by X% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Loading Machinery Production in Malaysia

In value terms, loading machinery production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Loading machinery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Loading Machinery Exports

Exports from Malaysia

In 2022, the amount of lifting, handling, loading or unloading machinery exported from Malaysia shrank significantly to X units, waning by X% compared with the year before. Over the period under review, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, loading machinery exports declined markedly to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Singapore (X units), Thailand (X units) and the Netherlands (X units) were the main destinations of loading machinery exports from Malaysia, with a combined X% share of total exports.

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

In value terms, the largest markets for loading machinery exported from Malaysia were the Netherlands ($X), Singapore ($X) and China ($X), together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, 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

In 2022, the average loading machinery export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Thailand ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Malaysia

In 2022, approx. X units of lifting, handling, loading or unloading machinery were imported into Malaysia; picking up by X% against the previous year. Overall, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, loading machinery imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X units), China (X units) and the United States (X units) were the main suppliers of loading machinery imports to Malaysia, with a combined X% share of total imports.

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

In value terms, China ($X), Japan ($X) and Singapore ($X) were the largest loading machinery suppliers to Malaysia, together accounting for X% of total imports. The United States, South Korea and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average loading machinery import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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