Malaysia: Wood Slicing Machine Market 2022

Wood Slicing Machine Market Size in Malaysia

In 2021, after two years of decline, there was significant growth in the Malaysian wood slicing machine market, when its value increased by 8.4% to $X. Overall, consumption, however, recorded a deep downturn. Wood slicing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wood Slicing Machine Production in Malaysia

In value terms, wood slicing machine production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wood Slicing Machine Exports

Exports from Malaysia

In 2021, wood slicing machine exports from Malaysia soared to X units, jumping by 1,823% on the year before. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood slicing machine exports surged to $X in 2021. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for wood slicing machine exports from Malaysia, with a 100% share of total exports. It was followed by Indonesia (X units), with a 0.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +85.0%.

In value terms, the United States ($X) remains the key foreign market for wood slicing machine exports from Malaysia, comprising 97% of total exports. The second position in the ranking was held by Indonesia ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +54.2%.

Export Prices by Country

In 2021, the average wood slicing machine export price amounted to $X per unit, which is down by -6.7% against the previous year. Overall, the export price recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 305% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.5%).

Wood Slicing Machine Imports

Imports into Malaysia

In 2021, approx. X units of splitting, slicing or paring machines were imported into Malaysia; which is down by -16% compared with the year before. Overall, imports saw a deep slump. The growth pace was the most rapid in 2014 with an increase of 53% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood slicing machine imports reduced to $X in 2021. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 75% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood slicing machine to Malaysia, accounting for a 75% share of total imports. Moreover, wood slicing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was held by Thailand (X units), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.8% per year) and Thailand (+37.8% per year).

In value terms, China ($X) constituted the largest supplier of wood slicing machine to Malaysia, comprising 78% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.6% share of total imports. It was followed by Indonesia, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.4% per year) and Indonesia (-27.9% per year).

Import Prices by Country

In 2021, the average wood slicing machine import price amounted to $X per unit, growing by 5.9% against the previous year. In general, the import price enjoyed a notable expansion. The growth pace was the most rapid in 2016 an increase of 94%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2,206.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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