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Malaysia - Planing, Milling or Moulding Machines - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in Malaysia

After two years of growth, the Malaysian wood milling machine market decreased by -8.5% to $X in 2021. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Wood Milling Machine Production in Malaysia

In value terms, wood milling machine production dropped to $X in 2021 estimated in export price. In general, production enjoyed prominent growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 104%. Wood milling machine production peaked at $X in 2020, and then fell in the following year.

Wood Milling Machine Exports

Exports from Malaysia

In 2021, shipments abroad of planing, milling or moulding machines increased by 45% to X units, rising for the third consecutive year after three years of decline. In general, exports posted moderate growth. The pace of growth appeared the most rapid in 2020 with an increase of 213%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wood milling machine exports fell rapidly to $X in 2021. Overall, exports enjoyed a temperate increase. The growth pace was the most rapid in 2019 when exports increased by 155%. The exports peaked at $X in 2020, and then dropped notably in the following year.

Exports by Country

Japan (X units) was the main destination for wood milling machine exports from Malaysia, accounting for a 94% share of total exports. It was followed by the United Arab Emirates (X units), with a 2.1% share of total exports. The third position in this ranking was taken by Solomon Islands (X units), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +96.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+171.4% per year) and Solomon Islands (+151.7% per year).

In value terms, Japan ($X) emerged as the key foreign market for wood milling machine exports from Malaysia, comprising 81% of total exports. The second position in the ranking was taken by Solomon Islands ($X), with a 3.4% share of total exports. It was followed by the United Arab Emirates, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +83.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Solomon Islands (+119.4% per year) and the United Arab Emirates (+392.4% per year).

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, waning by -59.2% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 70%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+86.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Malaysia

Wood milling machine imports into Malaysia totaled X units in 2021, increasing by 7.5% against the previous year's figure. Over the period under review, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by 74% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, wood milling machine imports declined to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 42% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of wood milling machine imports to Malaysia, together accounting for 92% of total imports. These countries were followed by Singapore and the United States, which together accounted for a further 7.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of wood milling machine to Malaysia, comprising 67% of total imports. The second position in the ranking was taken by Singapore ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+2.7% per year) and Taiwan (Chinese) (-1.0% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, shrinking by -7.7% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood milling machine import price increased by +63.3% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 46%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for Japan ($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) (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for planing, milling or moulding machines in the world?

China constituted the country with the largest volume of wood milling machine consumption, accounting for 23% of total volume. Moreover, wood milling machine consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Brazil ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of planing, milling or moulding machines in the world?

The countries with the highest volumes of production in 2021 were China, the Netherlands and Taiwan Chinese), together accounting for 80% of global production.

What are the leading suppliers of planing, milling or moulding machines to Malaysia?

In value terms, China constituted the largest supplier of wood milling machine to Malaysia, comprising 67% of total imports. The second position in the ranking was taken by Singapore, with a 13% share of total imports. It was followed by Taiwan Chinese), with an 11% share.

What are the leading importers of planing, milling or moulding machines from Malaysia?

In value terms, Japan emerged as the key foreign market for wood milling machine exports from Malaysia, comprising 81% of total exports. The second position in the ranking was taken by Solomon Islands, with a 3.4% share of total exports. It was followed by the United Arab Emirates, with a 1.7% share.

What is the average export price for planing, milling or moulding machines in Malaysia?

In 2021, the average wood milling machine export price amounted to $763 per unit, which is down by -59.2% against the previous year.

What is the average import price for planing, milling or moulding machines in Malaysia?

The average wood milling machine import price stood at $1,620 per unit in 2021, waning by -7.7% against the previous year.

This report provides an in-depth analysis of the wood milling machine market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 28491250 - Planing, milling or moulding (by cutting) machines for working wood, cork, bone, hard rubber, hard plastics or similar hard materials

Country coverage:

• Malaysia

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Malaysia

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance