Malaysia - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Malaysia - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights

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Gouges and Chisels Price in Malaysia - 2021

Contents:

  1. Gouges and Chisels Price in Malaysia (CIF) - 2021
  2. Gouges and Chisels Price in Malaysia (FOB) - 2022
  3. Gouges and Chisels Imports in Malaysia
  4. Gouges and Chisels Exports in Malaysia

Gouges and Chisels Price in Malaysia (CIF) - 2021

In December 2021, the average gouges and chisels import price amounted to $1,808 per ton, increasing by 3.8% against the previous month. Overall, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in August 2021 an increase of 39% against the previous month. Over the period under review, average import prices hit record highs at $2,472 per ton in February 2021; however, from March 2021 to December 2021, import prices remained at a lower figure.

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

From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to -2.4% per month.

Gouges and Chisels Price in Malaysia (FOB) - 2022

In 2022, the average gouges and chisels export price amounted to $4,509 per ton, shrinking by -4.7% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by 9.9% against the previous year. The export price peaked at $10,022 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($11,323 per ton), while the average price for exports to Liberia ($1,503 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+7.0%), while the prices for the other major destinations experienced a decline.

Gouges and Chisels Imports in Malaysia

In 2022, overseas purchases of planes, chisels and gouges for working wood decreased by -12.9% to 341 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of 392 tons, and then dropped in the following year.

In value terms, gouges and chisels imports fell notably to $2M in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 72%. As a result, imports reached the peak of $2.5M, and then reduced sharply in the following year.

Import of Gouges and Chisels in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.21.42.41.814.5%
Others0.2N/A0.10.20.0%
Total1.31.52.52.015.4%

Top Suppliers of Gouges and Chisels to Malaysia in 2022:

  1. China (334.4 tons)

Gouges and Chisels Exports in Malaysia

In 2022, the amount of planes, chisels and gouges for working wood exported from Malaysia contracted significantly to 65 tons, with a decrease of -30.6% against the previous year. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 293%. As a result, the exports reached the peak of 94 tons, and then reduced rapidly in the following year.

In value terms, gouges and chisels exports contracted markedly to $293K in 2022. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 210% against the previous year. As a result, the exports attained the peak of $443K, and then dropped notably in the following year.

Export of Gouges and Chisels in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia21.515.412483.557.2%
Germany11.612.543.142.454.0%
Colombia12.08.217.914.36.0%
Papua New Guinea8.81.416.210.97.4%
France26.716.53.46.6-37.2%
Thailand1.90.38.65.845.1%
Singapore0.91.00.75.481.7%
Liberia3.51.65.73.82.8%
Peru1.82.25.33.524.8%
Nigeria4.81.31.32.0-25.3%
Others10282.72171154.1%
Total19514344329314.5%

Top Export Markets for Gouges and Chisels from Malaysia in 2022:

  1. Indonesia (30.7 tons)
  2. Germany (7.2 tons)
  3. Papua New Guinea (6.0 tons)
  4. Thailand (3.9 tons)
  5. Liberia (2.5 tons)
  6. Singapore (2.3 tons)
  7. Colombia (1.3 tons)
  8. France (1.2 tons)
  9. Peru (1.1 tons)
  10. Nigeria (0.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gouges and chisels 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 25733057 - Planes, chisels, gouges and similar cutting tools for working wood

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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