Malaysia - Mechano-Therapy Appliances And Massage Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMechano-Therapy Appliances Price in Malaysia - 2024
Contents:
- Mechano-Therapy Appliances Price in Malaysia (CIF) - 2024
- Mechano-Therapy Appliances Price in Malaysia (FOB) - 2022
- Mechano-Therapy Appliances Imports in Malaysia
- Mechano-Therapy Appliances Exports in Malaysia
Mechano-Therapy Appliances Price in Malaysia (CIF) - 2024
In January 2024, the average mechano-therapy appliances import price amounted to $6.4 per unit, which is down by -15.9% against the previous month. In general, import price indicated notable growth from January 2023 to January 2024: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, mechano-therapy appliances import price increased by +26.0% against November 2023 indices. The growth pace was the most rapid in December 2023 when the average import price increased by 50% against the previous month. As a result, import price reached the peak level of $7.7 per unit, and then fell notably in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to +2.5% per month.
Mechano-Therapy Appliances Price in Malaysia (FOB) - 2022
In 2022, the average mechano-therapy appliances export price amounted to $13 per unit, flattening at the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mechano-therapy appliances export price increased by +69.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $13 per unit in 2021, and then shrank modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($15 per unit), while the average price for exports to Australia ($5.6 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 China (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Mechano-Therapy Appliances Imports in Malaysia
In 2022, imports of mechano-therapy appliances and massage apparatus into Malaysia surged to 9.4M units, jumping by 27% on 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, mechano-therapy appliances imports rose remarkably to $59M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Mechano-Therapy Appliances in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 34.9 | 28.8 | 47.8 | 49.8 | 12.6% |
South Korea | 6.4 | 3.6 | 1.7 | 1.4 | -39.7% |
Others | 14.6 | 7.7 | 5.7 | 7.9 | -18.5% |
Total | 55.9 | 40.1 | 55.2 | 59.1 | 1.9% |
Top Suppliers of Mechano-Therapy Appliances to Malaysia in 2022:
- China (9.1M units)
- South Korea (0.1M units)
Mechano-Therapy Appliances Exports in Malaysia
Mechano-therapy appliances exports from Malaysia contracted notably to 428K units in 2022, falling by -34.1% on 2021 figures. In general, exports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 124% against the previous year. As a result, the exports reached the peak of 649K units, and then shrank significantly in the following year.
In value terms, mechano-therapy appliances exports contracted notably to $5.5M in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 133% against the previous year. As a result, the exports reached the peak of $8.4M, and then reduced markedly in the following year.
Export of Mechano-Therapy Appliances in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 2,112 | 1,502 | 1,437 | 1,638 | -8.1% |
Canada | N/A | N/A | 3,864 | 1,418 | -63.3% |
Brunei Darussalam | 173 | 201 | 219 | 402 | 32.5% |
Vietnam | 1,243 | 419 | 187 | 358 | -34.0% |
China | 49.0 | 53.5 | 633 | 341 | 90.9% |
Philippines | 1,065 | 55.4 | 62.4 | 192 | -43.5% |
Hong Kong SAR | 264 | 864 | 376 | 125 | -22.1% |
Cambodia | 145 | 89.5 | 105 | 124 | -5.1% |
Australia | 135 | 10.0 | 466 | 22.6 | -44.9% |
Others | 1,237 | 436 | 1,091 | 867 | -11.2% |
Total | 6,423 | 3,630 | 8,441 | 5,487 | -5.1% |
Top Export Markets for Mechano-Therapy Appliances from Malaysia in 2022:
- Singapore (126.9K units)
- Canada (92.1K units)
- Brunei Darussalam (51.5K units)
- Vietnam (42.8K units)
- Philippines (30.9K units)
- China (24.1K units)
- Cambodia (14.3K units)
- Hong Kong SAR (8.6K units)
- Australia (4.0K units)
This report provides an in-depth analysis of the mechano-therapy appliances market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32502130 - Mechano-therapy appliances, massage apparatus, p sychological aptitude-testing apparatus (excluding wholly stationary mechano-therapy apparatus)
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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