Malaysia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Malaysia

In 2022, the Malaysian food manufacture machinery market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Food Manufacture Machinery Exports

Exports from Malaysia

In 2022, after two years of growth, there was decline in overseas shipments of machinery for the preparation or manufacture of food or drink, when their volume decreased by X% to X units. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, food manufacture machinery exports declined remarkably to $X in 2022. In general, exports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X units), Gabon (X units) and Thailand (X units) were the main destinations of food manufacture machinery exports from Malaysia, with a combined X% share of total exports. Indonesia, Bangladesh, Vietnam, Brunei Darussalam and Australia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for food manufacture machinery exported from Malaysia were Gabon ($X), Thailand ($X) and Bangladesh ($X), together accounting for X% of total exports. Singapore, Indonesia, Vietnam, Brunei Darussalam and Australia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Brunei Darussalam, with a CAGR of X%, 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

The average food manufacture machinery export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed a tangible expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

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

Food Manufacture Machinery Imports

Imports into Malaysia

In 2022, approx. X units of machinery for the preparation or manufacture of food or drink were imported into Malaysia; surging by X% against 2021 figures. Over the period under review, imports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, food manufacture machinery imports shrank to $X in 2022. In general, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Italy (X units) were the main suppliers of food manufacture machinery imports to Malaysia, with a combined X% share of total imports. Singapore, Spain, the United States, France and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Singapore ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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