Malaysia: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Malaysia

The Malaysian air or gas liquefier market dropped to $X in 2022, shrinking by -5% against the previous year. Over the period under review, consumption continues to indicate a slight decline. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Machinery for Liquefying Air or Gases in Malaysia

In value terms, air or gas liquefier production fell modestly to $X in 2022 estimated in export price. In general, production recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 18%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports from Malaysia

In 2022, approx. X units of machinery for liquefying air or gases were exported from Malaysia; remaining relatively unchanged against the year before. Over the period under review, exports showed a perceptible decline. The growth pace was the most rapid in 2016 when exports increased by 20%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, air or gas liquefier exports expanded modestly to $X in 2022. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 1,227% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X units), Iran (X units) and Hong Kong SAR (X units) were the main destinations of air or gas liquefier exports from Malaysia, with a combined 60% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) remains the key foreign market for machinery for liquefying air or gases exports from Malaysia, comprising 7.9% of total exports. The second position in the ranking was taken by Myanmar ($X), with less than 0.1% share of total exports. It was followed by Hong Kong SAR, with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of value to Iran stood at +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (-33.7% per year) and Hong Kong SAR (-38.9% per year).

Export Prices by Country

In 2022, the average air or gas liquefier export price amounted to $X per unit, flattening at the previous year. In general, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 1,167% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Solomon Islands (+27.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machinery for Liquefying Air or Gases

Imports into Malaysia

In 2022, the amount of machinery for liquefying air or gases imported into Malaysia reduced sharply to X units, dropping by -45.5% on 2021 figures. Overall, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of 350%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, air or gas liquefier imports fell notably to $X in 2022. Over the period under review, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 when imports increased by 339%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air or gas liquefier to Malaysia, accounting for a 50% share of total imports. Moreover, air or gas liquefier imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), threefold. Belgium (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (0.0% per year) and Belgium (0.0% per year).

In value terms, China ($X), Belgium ($X) and Luxembourg ($X) were the largest air or gas liquefier suppliers to Malaysia, together accounting for 78% of total imports.

Belgium, with a CAGR of +39.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average air or gas liquefier import price amounted to $X per unit, picking up by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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