Malaysia: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Malaysia

In 2021, after four years of growth, there was significant decline in the Malaysian electric rotary converter market, when its value decreased by -15.4% to $X. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.4% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell sharply in the following year.

Electric Rotary Converter Production in Malaysia

In value terms, electric rotary converter production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +67.3% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Electric rotary converter production peaked at $X in 2020, and then dropped in the following year.

Electric Rotary Converter Exports

Exports from Malaysia

In 2021, shipments abroad of electric rotary converters increased by 99% to X units, rising for the second consecutive year after two years of decline. Overall, exports saw a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 233% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, electric rotary converter exports soared to $X in 2021. In general, exports, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2016 with an increase of 520% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X units) was the main destination for electric rotary converter exports from Malaysia, with a 99% share of total exports. It was followed by Vietnam (X units), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled +15.4%.

In value terms, Thailand ($X) remains the key foreign market for electric rotary converters exports from Malaysia, comprising 67% of total exports. The second position in the ranking was held by Vietnam ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +29.7%.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, reducing by -41.9% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 86% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per unit), while the average price for exports to Thailand amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+74.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into Malaysia

In 2021, supplies from abroad of electric rotary converters decreased by -76.5% to X units, falling for the third year in a row after three years of growth. In general, imports saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of 1,202% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric rotary converter imports contracted notably to $X in 2021. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 675%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of electric rotary converter to Malaysia, accounting for a 92% share of total imports. Moreover, electric rotary converter imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-21.1% per year) and the United States (-41.0% per year).

In value terms, China ($X) constituted the largest supplier of electric rotary converters to Malaysia, comprising 64% of total imports. The second position in the ranking was held by Singapore ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-1.4% per year) and the United States (-23.5% per year).

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, with an increase of 45% against the previous year. Overall, the import price, however, saw a mild slump. The most prominent rate of growth was recorded in 2020 an increase of 81% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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