Malaysia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Malaysia

The Malaysian agricultural product dryer market shrank significantly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable setback. Agricultural product dryer consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Agricultural Product Dryer Production in Malaysia

In value terms, agricultural product dryer production shrank to $X in 2023 estimated in export price. Overall, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Agricultural product dryer production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Agricultural Product Dryer Exports

Exports from Malaysia

In 2021, shipments abroad of dryers for the treatment of agricultural products decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, agricultural product dryer exports dropped dramatically to $X in 2021. In general, exports showed a abrupt descent. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units) was the main destination for agricultural product dryer exports from Malaysia, accounting for a X% share of total exports. Moreover, agricultural product dryer exports to Indonesia exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), eightfold. Vietnam (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Vietnam (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for dryers for the treatment of agricultural products exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Thailand (X% per year).

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, with an increase of X% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sierra Leone (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports into Malaysia

After three years of decline, supplies from abroad of dryers for the treatment of agricultural products decreased by X% to X units in 2021. Over the period under review, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, agricultural product dryer imports shrank to $X in 2021. In general, imports showed a deep slump. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of agricultural product dryer to Malaysia, accounting for a X% share of total imports. Moreover, agricultural product dryer imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and South Korea (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of dryers for the treatment of agricultural products to Malaysia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

The average agricultural product dryer import price stood at $X per unit in 2021, surging by X% against the previous year. In general, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform