Malaysia: Ignition Magneto Market 2024

Ignition Magneto Market Size in Malaysia

The Malaysian ignition magneto market contracted slightly to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Ignition Magneto Production in Malaysia

In value terms, ignition magneto production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Ignition Magneto Exports

Exports from Malaysia

Ignition magneto exports from Malaysia surged to X units in 2022, picking up by X% compared with 2021 figures. Overall, exports, however, saw a deep slump. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, ignition magneto exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for ignition magneto exports from Malaysia, accounting for a X% share of total exports. Moreover, ignition magneto exports to Singapore exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sixfold. Indonesia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Indonesia (X% per year).

In value terms, the largest markets for ignition magneto exported from Malaysia were Singapore ($X), Indonesia ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. Australia and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

Brunei Darussalam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ignition magneto export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per unit in 2021, and then reduced notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Singapore ($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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Magneto Imports

Imports into Malaysia

After two years of decline, purchases abroad of ignition magnetos, magneto-dynamos and magnetic flywheels increased by X% to X units in 2022. Overall, imports continue to indicate a pronounced expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, ignition magneto imports surged to $X in 2022. Over the period under review, imports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Vietnam (X units), Japan (X units) and Singapore (X units) were the main suppliers of ignition magneto imports to Malaysia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ignition magneto suppliers to Malaysia were Vietnam ($X), China ($X) and the United States ($X), together accounting for X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ignition magneto import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then dropped significantly in the following year.

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 the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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