Malaysia: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Malaysia

The Malaysian market for domestic, non-electric, cooking or heating appliances dropped slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a slight descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Malaysia

In value terms, production of domestic, non-electric, cooking or heating appliances expanded rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild descent. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Malaysia

For the fourth consecutive year, Malaysia recorded decline in shipments abroad of domestic, non-electric, cooking or heating appliances, which decreased by X% to X units in 2022. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances totaled $X in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X units), Hong Kong SAR (X units) and Sri Lanka (X units) were the main destinations of exports of domestic, non-electric, cooking or heating appliances from Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for domestic, non-electric, cooking or heating appliance exported from Malaysia were Vietnam ($X), Hong Kong SAR ($X) and Sri Lanka ($X), together accounting for X% of total exports. Mauritius, Cambodia, Singapore, Brunei Darussalam, Nepal, the Philippines, Lebanon, Thailand, Oman and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Lebanon, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per unit) and Sri Lanka ($X per unit), while the average price for exports to Lebanon ($X per unit) and Brunei Darussalam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Malaysia

In 2022, approx. X units of domestic, non-electric, cooking or heating appliances were imported into Malaysia; declining by X% against the previous year. In general, imports saw a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of domestic, non-electric, cooking or heating appliances declined notably to $X in 2022. Overall, imports, however, saw a notable expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X units) was the main domestic, non-electric, cooking or heating appliance supplier to Malaysia, accounting for a X% share of total imports. Moreover, imports of domestic, non-electric, cooking or heating appliances from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of domestic, non-electric, cooking or heating appliances to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

The average import price for domestic, non-electric, cooking or heating appliances stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%).

Source: IndexBox Platform

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