Malaysia: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Malaysia

The Malaysian motor vehicle engine market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption recorded slight growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Motor Vehicle Engine Exports

Exports from Malaysia

In 2022, the amount of motor vehicle engines (spark-ignition) exported from Malaysia fell markedly to X units, which is down by X% against the previous year. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle engine exports soared to $X in 2022. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units), Russia (X units) and Chile (X units) were the main destinations of motor vehicle engine exports from Malaysia, together comprising X% of total exports. Nigeria, the United States, China, Bangladesh, Pakistan, Iraq, Mauritius, Singapore, the United Arab Emirates and the Philippines lagged somewhat behind, together accounting for a further X%.

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

In value terms, Thailand ($X), Russia ($X) and Chile ($X) constituted the largest markets for motor vehicle engine exported from Malaysia worldwide, with a combined X% share of total exports. The United Arab Emirates, the United States, China, Iraq, Mauritius, Singapore, the Philippines, Nigeria, Bangladesh and Pakistan lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 motor vehicle engine export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Motor Vehicle Engine Imports

Imports into Malaysia

After two years of decline, supplies from abroad of motor vehicle engines (spark-ignition) increased by X% to X units in 2022. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, motor vehicle engine imports surged to $X in 2022. In general, imports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units) constituted the largest supplier of motor vehicle engine to Malaysia, with a X% share of total imports. Moreover, motor vehicle engine imports from Indonesia exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. The third position in this ranking was taken by Australia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Australia (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Malaysia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Japan (X% per year).

Import Prices by Country

The average motor vehicle engine import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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