Malaysia: Working Wire Machine Market 2022

Working Wire Machine Market Size in Malaysia

The Malaysian working wire machine market surged to $X in 2021, growing by 54% 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). In general, consumption, however, recorded a abrupt decrease. Working wire machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Working Wire Machine Exports

Exports from Malaysia

In 2021, shipments abroad of machines for working wire increased by 30% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 409%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, working wire machine exports skyrocketed to $X in 2021. Over the period under review, exports showed a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 283% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for working wire machine exports from Malaysia, accounting for a 64% share of total exports. Moreover, working wire machine exports to Germany exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by the Philippines (X units), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-1.8% per year) and the Philippines (+17.0% per year).

In value terms, Germany ($X), Singapore ($X) and Taiwan (Chinese) ($X) constituted the largest markets for working wire machine exported from Malaysia worldwide, with a combined 81% share of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +27.5%, recorded the highest rates of growth with regard to 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 working wire machine export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2019 an increase of 312% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to India ($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 China (+68.7%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Malaysia

Working wire machine imports into Malaysia soared to X units in 2021, rising by 58% against the previous year. Over the period under review, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by 109% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports skyrocketed to $X in 2021. In general, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 60%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and India (X units) were the main suppliers of working wire machine imports to Malaysia, together accounting for 86% of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +71.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest working wire machine suppliers to Malaysia, together comprising 83% of total imports. Japan, the United States, India, South Korea, Ireland and Singapore lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, India, with a CAGR of +53.9%, saw the highest growth rate of 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 2021, the average working wire machine import price amounted to $X per unit, declining by -13% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 49% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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