Malaysia: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Malaysia

In 2022, the Malaysian remote control apparatus market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a strong increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Remote Control Apparatus Production in Malaysia

In value terms, remote control apparatus production totaled $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Remote Control Apparatus Exports

Exports from Malaysia

In 2022, overseas shipments of radio remote control apparatus decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, remote control apparatus exports reduced rapidly to $X in 2022. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for remote control apparatus exports from Malaysia, with a X% share of total exports. Moreover, remote control apparatus exports to the United States exceeded the volume sent to the second major destination, Singapore (X units), ninefold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for radio remote control apparatus exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with an X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

In 2022, the average remote control apparatus export price amounted to $X per unit, falling by X% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then fell markedly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per unit) and Thailand ($X per unit), while the average price for exports to Singapore ($X per unit) and the United States ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Remote Control Apparatus Imports

Imports into Malaysia

In 2022, remote control apparatus imports into Malaysia surged to X units, rising by X% on the year before. Overall, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, remote control apparatus imports surged to $X in 2022. In general, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main remote control apparatus supplier to Malaysia, accounting for a X% share of total imports. It was followed by Germany (X units), with a X% share of total imports. Hong Kong SAR (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of radio remote control apparatus to Malaysia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

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

Import Prices by Country

The average remote control apparatus import price stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and Indonesia ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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