Malaysia: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Malaysia

The Malaysian radio navigation apparatus market fell remarkably to $X in 2021, waning by -76.8% against the previous year. In general, consumption faced a deep contraction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Radio Navigation Apparatus Production in Malaysia

In value terms, radio navigation apparatus production expanded significantly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.7% against 2016 indices. The pace of growth was the most pronounced in 2015 with an increase of 53%. Radio navigation apparatus production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Radio Navigation Apparatus Exports

Exports from Malaysia

In 2021, overseas shipments of radio navigational aid apparatus increased by 73% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 124%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, radio navigation apparatus exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 127% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for radio navigation apparatus exports from Malaysia, with a 73% share of total exports. Moreover, radio navigation apparatus exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +114.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.3% per year) and the Netherlands (+62.6% per year).

In value terms, Japan ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for radio navigation apparatus exported from Malaysia worldwide, with a combined 78% share of total exports.

Japan, with a CAGR of +88.9%, saw the highest growth rate of the value of exports, in terms of 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 2021, the average radio navigation apparatus export price amounted to $X per ton, waning by -31.3% against the previous year. Over the period under review, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 96%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+22.6%), while the prices for the other major destinations experienced a decline.

Radio Navigation Apparatus Imports

Imports into Malaysia

In 2021, after two years of growth, there was significant decline in supplies from abroad of radio navigational aid apparatus, when their volume decreased by -28.4% to X tons. In general, imports saw a mild descent. The most prominent rate of growth was recorded in 2019 when imports increased by 56% against the previous year. Imports peaked at X tons in 2020, and then contracted dramatically in the following year.

In value terms, radio navigation apparatus imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest radio navigation apparatus supplier to Malaysia, accounting for a 37% share of total imports. Moreover, radio navigation apparatus imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.3% per year) and South Africa (+64.9% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of radio navigational aid apparatus to Malaysia, comprising 19% of total imports. The second position in the ranking was taken by South Africa ($X), with a 7.6% share of total imports. It was followed by China, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+54.3% per year) and China (-20.8% per year).

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, jumping by 77% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radio navigation apparatus import price decreased by -29.2% against 2018 indices. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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