Malaysia: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Malaysia

The Malaysian fuel or lubricating pump market surged to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Malaysia

In 2022, after two years of growth, there was significant decline in shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines, when their volume decreased by X% to X units. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fuel or lubricating pump exports declined modestly to $X in 2022. Overall, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Singapore (X units), Indonesia (X units) and Thailand (X units) were the main destinations of fuel or lubricating pump exports from Malaysia, together comprising X% of total exports. Taiwan (Chinese), Japan, Vietnam, the United Arab Emirates, the United States and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average fuel or lubricating pump export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Vietnam ($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 Japan (X%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Malaysia

Fuel or lubricating pump imports into Malaysia surged to X units in 2022, picking up by X% on the year before. Overall, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump imports surged to $X in 2022. In general, imports showed a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fuel or lubricating pump to Malaysia, with a X% share of total imports. Moreover, fuel or lubricating pump imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Japan (X% per year).

In value terms, the largest fuel or lubricating pump suppliers to Malaysia were China ($X), Thailand ($X) and Japan ($X), with a combined X% share of total imports. Indonesia, Germany, Vietnam and South Korea lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw 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 fuel or lubricating pump import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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