Malaysia - Grinding, Sanding Or Polishing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Grinding, Sanding and Polishing Machine in Malaysia - 2021
Contents:
- Price for Grinding, Sanding and Polishing Machine in Malaysia (CIF) - 2022
- Price for Grinding, Sanding and Polishing Machine in Malaysia (FOB) - 2022
- Imports of Grinding, Sanding and Polishing Machine in Malaysia
- Exports of Grinding, Sanding and Polishing Machine in Malaysia
Price for Grinding, Sanding and Polishing Machine in Malaysia (CIF) - 2022
The average import price for grinding, sanding and polishing machines stood at $466 per unit in 2022, waning by -20.4% against the previous year. Over the period under review, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 69% against the previous year. Over the period under review, average import prices attained the peak figure at $5,385 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($20,982 per unit), while the price for China ($366 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Grinding, Sanding and Polishing Machine in Malaysia (FOB) - 2022
In 2022, the average export price for grinding, sanding and polishing machines amounted to $124 per unit, picking up by 7.9% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average export price increased by 66%. Over the period under review, the average export prices hit record highs at $771 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($1,070 per unit), while the average price for exports to the Philippines ($40 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 New Zealand (+0.3%), while the prices for the other major destinations experienced a decline.
Imports of Grinding, Sanding and Polishing Machine in Malaysia
In 2022, grinding, sanding and polishing machine imports into Malaysia soared to 18K units, jumping by 45% on 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.8% 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 +76.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, grinding, sanding and polishing machine imports surged to $8.3M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $9.4M in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Grinding, Sanding and Polishing Machine in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.6 | 7.5 | 5.7 | 6.3 | 4.0% |
| Others | 2.8 | 1.9 | 1.5 | 1.9 | -12.1% |
| Total | 8.4 | 9.4 | 7.2 | 8.3 | -0.4% |
Top Suppliers of Grinding, Sanding and Polishing Machine to Malaysia in 2022:
- China (17.4K units)
Exports of Grinding, Sanding and Polishing Machine in Malaysia
In 2022, approx. 2.5K units of grinding, sanding and polishing machines were exported from Malaysia; falling by -37.7% compared with 2021. Over the period under review, exports, however, saw a perceptible expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 308%. As a result, the exports reached the peak of 3.9K units, and then shrank rapidly in the following year.
In value terms, grinding, sanding and polishing machine exports shrank markedly to $305K in 2022. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 191% against the previous year. Over the period under review, the exports attained the peak figure at $464K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Grinding, Sanding and Polishing Machine in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 249 | 1.9 | 4.9 | 114 | -22.9% |
| Vietnam | 88.0 | 69.0 | 16.7 | 78.5 | -3.7% |
| China | 22.3 | 37.2 | 28.5 | 39.9 | 21.4% |
| Indonesia | 43.8 | 19.9 | 12.9 | 34.5 | -7.6% |
| Thailand | 23.3 | 6.9 | 7.5 | 16.9 | -10.2% |
| Philippines | 21.6 | 9.5 | 3.9 | 15.7 | -10.1% |
| Hong Kong SAR | 3.3 | 1.1 | 3.6 | 4.9 | 14.1% |
| India | 3.6 | N/A | 153 | N/A | 551.9% |
| Others | 9.0 | 10.1 | 223 | N/A | 397.8% |
| Total | 464 | 156 | 454 | 305 | -13.1% |
Top Export Markets for Grinding, Sanding and Polishing Machine from Malaysia in 2022:
- Vietnam (1060.0 units)
- Indonesia (405.0 units)
- Philippines (393.0 units)
- Thailand (338.0 units)
- Singapore (107.0 units)
- China (102.0 units)
- Hong Kong SAR (48.0 units)
This report provides an in-depth analysis of the market for grinding, sanding and polishing machine 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 28491263 - Grinding, sanding or polishing machines for working wood, c ork, bone, hard rubber, hard plastics or similar hard materials
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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