Report Update: May 1, 2024

Malaysia - Mechano-Therapy Appliances And Massage Apparatus - Market Analysis, Forecast, Size, Trends And Insights

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Mechano-Therapy Appliances Price in Malaysia - 2024

Mechano-Therapy Appliances Price in Malaysia (CIF) - 2024

In January 2024, the average mechano-therapy appliances import price amounted to $6.4 per unit, which is down by -15.9% against the previous month. In general, import price indicated notable growth from January 2023 to January 2024: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, mechano-therapy appliances import price increased by +26.0% against November 2023 indices. The growth pace was the most rapid in December 2023 when the average import price increased by 50% against the previous month. As a result, import price reached the peak level of $7.7 per unit, and then fell notably in the following month.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to +2.5% per month.

Mechano-Therapy Appliances Price in Malaysia (FOB) - 2022

In 2022, the average mechano-therapy appliances export price amounted to $13 per unit, flattening at the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mechano-therapy appliances export price increased by +69.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $13 per unit in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($15 per unit), while the average price for exports to Australia ($5.6 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 China (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mechano-Therapy Appliances Imports in Malaysia

In 2022, imports of mechano-therapy appliances and massage apparatus into Malaysia surged to 9.4M units, jumping by 27% on 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +80.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mechano-therapy appliances imports rose remarkably to $59M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Mechano-Therapy Appliances in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	34.9	28.8	47.8	49.8	12.6%
South Korea	6.4	3.6	1.7	1.4	-39.7%
Others	14.6	7.7	5.7	7.9	-18.5%
Total	55.9	40.1	55.2	59.1	1.9%

Top Suppliers of Mechano-Therapy Appliances to Malaysia in 2022:

China (9.1M units)
South Korea (0.1M units)

Mechano-Therapy Appliances Exports in Malaysia

Mechano-therapy appliances exports from Malaysia contracted notably to 428K units in 2022, falling by -34.1% on 2021 figures. In general, exports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 124% against the previous year. As a result, the exports reached the peak of 649K units, and then shrank significantly in the following year.

In value terms, mechano-therapy appliances exports contracted notably to $5.5M in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 133% against the previous year. As a result, the exports reached the peak of $8.4M, and then reduced markedly in the following year.

Export of Mechano-Therapy Appliances in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	2,112	1,502	1,437	1,638	-8.1%
Canada	N/A	N/A	3,864	1,418	-63.3%
Brunei Darussalam	173	201	219	402	32.5%
Vietnam	1,243	419	187	358	-34.0%
China	49.0	53.5	633	341	90.9%
Philippines	1,065	55.4	62.4	192	-43.5%
Hong Kong SAR	264	864	376	125	-22.1%
Cambodia	145	89.5	105	124	-5.1%
Australia	135	10.0	466	22.6	-44.9%
Others	1,237	436	1,091	867	-11.2%
Total	6,423	3,630	8,441	5,487	-5.1%

Top Export Markets for Mechano-Therapy Appliances from Malaysia in 2022:

Singapore (126.9K units)
Canada (92.1K units)
Brunei Darussalam (51.5K units)
Vietnam (42.8K units)
Philippines (30.9K units)
China (24.1K units)
Cambodia (14.3K units)
Hong Kong SAR (8.6K units)
Australia (4.0K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mechano-therapy appliances market 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 32502130 - Mechano-therapy appliances, massage apparatus, p sychological aptitude-testing apparatus (excluding wholly stationary mechano-therapy apparatus)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023