Malaysia: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Malaysia

The Malaysian market for wiring sets used in vehicles, aircraft or ships rose remarkably to $X in 2021, with an increase of 10% against the previous year. Over the period under review, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Production of Wiring sets used in vehicles, aircraft or ships in Malaysia

In value terms, production of wiring sets used in vehicles, aircraft or ships expanded sharply to $X in 2021 estimated in export price. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 63% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Malaysia

In 2021, shipments abroad of wiring sets used in vehicles, aircraft or ships increased by 17% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships amounted to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 34% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Malaysia, accounting for a 63% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Thailand exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.5% per year) and Singapore (-20.1% per year).

In value terms, Thailand ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Malaysia, comprising 64% of total exports. The second position in the ranking was held by Singapore ($X), with a 13% share of total exports. It was followed by the United States, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-3.9% per year) and the United States (+13.3% per year).

Export Prices by Country

In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, which is down by -7.5% against the previous year. Over the period under review, the export price, however, posted prominent growth. The growth pace was the most rapid in 2019 when the average export price increased by 64%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Indonesia ($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 Singapore (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Malaysia

In 2021, approx. X tons of wiring sets used in vehicles, aircraft or ships were imported into Malaysia; rising by 101% compared with the year before. In general, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2021. Over the period under review, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Malaysia, with a combined 74% share of total imports. Belgium, Japan, Indonesia, Vietnam, the United States, Singapore, South Korea and Romania lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +129.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wiring sets used in vehicles, aircraft or ships suppliers to Malaysia were China ($X), Germany ($X) and Thailand ($X), together accounting for 69% of total imports. These countries were followed by Singapore, Belgium, the United States, Vietnam, Japan, Indonesia, South Korea and Romania, which together accounted for a further 24%.

Among the main suppliers, Belgium, with a CAGR of +101.7%, recorded the highest growth rate of 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 wiring sets used in vehicles, aircraft or ships amounted to $X per ton, waning by -4.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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