Malaysia's Industry Situation and Market 2019. 7. 1.¢  2019/AD1/007 Agenda Item: 3.5...

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  • ___________________________________________________________________________

    2019/AD1/007 Agenda Item: 3.5

    Malaysia's Industry Situation and Market Development

    Purpose: Information

    Submitted by: Malaysia

    30th Automotive Dialogue Bali, Indonesia

    25 to 28 June 2019

  • 26-28 June 2019, Bali

    Malaysia: Industry Situation & Market Development

    Copyright © 2018 APEC Secretariat

    30th APEC AUTOMOTIVE DIALOGUE

  • CONTENT

    1. Current Market Situation

    2. Economic & Market Outlook for 2019

    3. Tax Structure

    2

  • 1. Current Market Situation

    3

  • MOTOR VEHICLES: TOTAL INDUSTRY

    VOLUME (2013 TO 2018)

    4Source: Malaysia Automotive Association (MAA)

    576,657 588,348 591,298

    514,594 514,675 533,202

    79,136 78,139 75,376 65,491 61,950 65,512

    655,793 666,487 666,674

    580,085 576,625 598,714

    0

    100,000

    200,000

    300,000

    400,000

    500,000

    600,000

    700,000

    800,000

    2013 2014 2015 2016 2017 2018

    UNIT PV CV TIV

  • MOTOR VEHICLES:

    JAN - MAY 2019 vs. JAN – MAY 2018

    Total Industry Volume 253,802 units

     Passenger Vehicles 232,362 units

     Commercial Vehicles 21,440 units -2.2%

    12.7%

    14.3%

    5

    Source: Malaysia Automotive Association (MAA)

  • MOTOR VEHICLES:

    JAN - MAY 2019 vs. JAN – MAY 2018

    Total Industry Production 247,951 units

     Passenger Vehicles 231,874 units

     Commercial Vehicles 16,077 units -3.4%

    2.6%

    3.1%

    6

    Source: Malaysia Automotive Association (MAA)

  • MOTORCYCLE SALES (2013 TO 2018)

    7 Source: Motorcycle & Scooter Assemblers And Distributors Association of Malaysia (MASAAM)

    1.7%

    -19%

    -14%

    4.1%

    10% 9%

    -25.0%

    -20.0%

    -15.0%

    -10.0%

    -5.0%

    0.0%

    5.0%

    10.0%

    15.0%

    -

    100,000

    200,000

    300,000

    400,000

    500,000

    600,000

    2013 2014 2015 2016 2017 2018

    UNIT Unit % growth

  • MOTORCYCLES:

    JAN - MAY 2019 vs. JAN – MAY 2018

    MOTORCYCLES:

    Production 223,595 units 24.3%

    Sales 224,794 units 23.8%

    8

    Source: Motorcycle & Scooter Assemblers And Distributors Association of Malaysia (MASAAM)

  • 2. Economic & Market Outlook for 2019

    9

  • MALAYSIA’S GDP GROWTH

    PERIOD GROWTH

    2018 (Actual) 4.7%

    1Q 2019 (Actual) 4.5%

    2019 (Forecast) 4.3 to 4.8%

    Source: Central Bank of Malaysia

    10

  • FORECAST OF MOTOR VEHICLE’S

    TOTAL INDUSTRY VOLUME

    11 Source: Malaysia Automotive Association (MAA)

    MARKET

    SEGMENT

    2019

    (FORECAST)

    2018

    (ACTUAL)

    VARIANCE

    UNITS %

    Passenger

    Vehicles 534,000 533,202 798 0.15%

    Commercial

    Vehicles 66,000 65,512 488 0.74%

    Total Vehicles 600,000 598,714 1,286 0.21%

  • 3. Tax Structure

    12

  • MALAYSIA: TAX STRUCTURE

    No changes in tariff structure since Sales & Services

    Tax (SST) system was re-introduced to replace Goods

    & Services Tax (GST) effective 1st September 2018

    13

  • PASSENGER CARS (INCLUDING STATION

    WAGONS, SPORTS CARS AND RACING

    CARS)

    LOCAL TAXES

    CBU & CKD

    Engine

    Capacity (cc)

    Excise

    Duties Sales Tax

    < 1,800 75% 10%

    1,800 - 1,999 80% 10%

    2,000 – 2499 90% 10%

    Above 2,500 105% 10%

    14

  • OTHER MOTORCARS

    IMPORT DUTY LOCAL TAXES

    CBU CKD CBU & CKD

    Engine Capacity

    (cc) MFN ATIGA MFN ATIGA

    Excise

    Duties

    Sales

    Tax

    < 1,500 30% 0% NIL 0% 60% 10%

    1,500 - 1,799 30% 0% NIL 0% 65% 10%

    1,800 - 1,999 30% 0% 10% 0% 75% 10%

    2,000 – 2499 30% 0% 10% 0% 90% 10%

    Above 2,500 30% 0% 10% 0% 105% 10%

    15

  • COMMERCIAL VEHICLES

    IMPORT DUTY LOCAL TAXES

    CBU CKD CBU & CKD

    MFN ATIGA MFN ATIGA Excise

    Duties

    Sales

    Tax

    30% 0% NIL 0% NIL 0%

    16

  • Terima Kasih

    Thank You

    17