Malaysia: Mower Market 2024

Mower Market Size in Malaysia

The Malaysian mower market dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Mower consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Mower Production in Malaysia

In value terms, mower production contracted modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight slump. The pace of growth appeared the most rapid in 2018 with an increase of X%. Mower production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Mower Exports

Exports from Malaysia

In 2022, exports of mowers from Malaysia expanded to X units, growing by X% compared with the previous year's figure. In general, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mower exports expanded notably to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X units) was the main destination for mower exports from Malaysia, accounting for a X% share of total exports. Moreover, mower exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X units), sixfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Germany (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for mowers exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Germany (X% per year).

Export Prices by Country

The average mower export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded 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 remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per unit) and Madagascar ($X per unit), while the average price for exports to Germany ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Mower Imports

Imports into Malaysia

After two years of growth, supplies from abroad of mowers decreased by X% to X units in 2022. In general, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then declined remarkably in the following year.

In value terms, mower imports shrank dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mower to Malaysia, accounting for a X% share of total imports. Moreover, mower imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold.

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

In value terms, China ($X) constituted the largest supplier of mowers to Malaysia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

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

Import Prices by Country

The average mower import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Japan ($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 mixed trend patterns.

Source: IndexBox Platform

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