Malaysia: Market for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles 2024

Market Size for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Malaysia

The Malaysian market for road-sweepers, mobile workshops and other special purpose vehicles declined modestly to $X in 2021, with a decrease of -2.8% against the previous year. In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +7.5% against 2017 indices. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Malaysia

In value terms, production of road-sweepers, mobile workshops and other special purpose vehicles declined to $X in 2021 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% 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 increased by +4.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 53%. As a result, production reached the peak level of $X. From 2017 to 2021, production of growth remained at a somewhat lower figure.

Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Exports from Malaysia

In 2021, shipments abroad of road-sweepers, mobile workshops and other special purpose vehicles was finally on the rise to reach X units for the first time since 2014, thus ending a six-year declining trend. In general, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 1,808% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles soared to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for exports of road-sweepers, mobile workshops and other special purpose vehicles from Malaysia, accounting for a 36% share of total exports. Moreover, exports of road-sweepers, mobile workshops and other special purpose vehicles to China exceeded the volume sent to the second major destination, Myanmar (X units), fivefold. Pakistan (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (-9.4% per year) and Pakistan (0.0% per year).

In value terms, China ($X) remains the key foreign market for road-sweepers, mobile workshops and other special purpose vehicles exports from Malaysia, comprising 42% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 6% share of total exports. It was followed by Myanmar, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+3.8% per year) and Myanmar (+19.4% per year).

Export Prices by Country

The average export price for road-sweepers, mobile workshops and other special purpose vehicles stood at $X per unit in 2021, jumping by 202% against the previous year. In general, the export price showed a tangible expansion. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Germany ($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 Philippines (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Imports into Malaysia

In 2021, imports of road-sweepers, mobile workshops and other special purpose vehicles into Malaysia soared to X units, jumping by 34% against 2020. Overall, imports, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 733%. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles contracted to $X in 2021. Over the period under review, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 264% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of road-sweepers, mobile workshops and other special purpose vehicles to Malaysia, with a 45% share of total imports. Moreover, imports of road-sweepers, mobile workshops and other special purpose vehicles from Japan exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The UK (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+58.7% per year) and the UK (+24.1% per year).

In value terms, the largest road-sweepers, mobile workshops and other special purpose vehicles suppliers to Malaysia were Poland ($X), Germany ($X) and the UK ($X), together accounting for 40% of total imports. These countries were followed by Japan, Australia, Finland, China, Hong Kong SAR, South Korea, Italy, the Netherlands and Taiwan (Chinese), which together accounted for a further 29%.

In terms of the main suppliers, South Korea, with a CAGR of +45.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for road-sweepers, mobile workshops and other special purpose vehicles amounted to $X per unit, shrinking by -34.5% against the previous year. In general, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 178% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+410.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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