Malaysia: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Malaysia

The Malaysian market for machine-tools for working stone, ceramics, and concrete reduced sharply to $X in 2021, which is down by -43.9% against the previous year. Over the period under review, consumption saw a deep downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Malaysia

In value terms, machine tools for working stone production plummeted to $X in 2021 estimated in export price. In general, production, however, showed slight growth. The growth pace was the most rapid in 2016 when the production volume increased by 609%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Malaysia

In 2021, after two years of growth, there was significant decline in shipments abroad of machine-tools for working stone, ceramics, and concrete, when their volume decreased by -22.5% to X units. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 483%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine tools for working stone exports fell to $X in 2021. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 686%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for machine tools for working stone exports from Malaysia, with a 54% share of total exports. Moreover, machine tools for working stone exports to Saudi Arabia exceeded the volume sent to the second major destination, Algeria (X units), twofold. Japan (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+8.9% per year) and Japan (+97.2% per year).

In value terms, the largest markets for machine tools for working stone exported from Malaysia were Saudi Arabia ($X), Japan ($X) and Algeria ($X), together comprising 78% of total exports. These countries were followed by Indonesia, China, Italy and Singapore, which together accounted for a further 16%.

Among the main countries of destination, Italy, with a CAGR of +346.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, with an increase of 12% against the previous year. In general, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Algeria ($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 Indonesia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Malaysia

In 2021, purchases abroad of machine-tools for working stone, ceramics, and concrete decreased by -39.9% to X units, falling for the second consecutive year after two years of growth. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 138% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, machine tools for working stone imports contracted dramatically to $X in 2021. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 127% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine tools for working stone supplier to Malaysia, with a 81% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), ninefold. The third position in this ranking was taken by South Korea (X units), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-3.9% per year) and South Korea (+7.0% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Malaysia, comprising 81% of total imports. The second position in the ranking was held by Singapore ($X), with an 8.1% share of total imports. It was followed by Japan, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-8.7% per year) and Japan (-16.8% per year).

Import Prices by Country

In 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, with an increase of 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for South Korea ($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) (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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