Life-Jackets and Life-Belts Price in Malaysia - 2021
Contents:
- Life-Jackets and Life-Belts Price in Malaysia (CIF) - 2021
- Life-Jackets and Life-Belts Price in Malaysia (FOB) - 2022
- Life-Jackets and Life-Belts Imports in Malaysia
- Life-Jackets and Life-Belts Exports in Malaysia
Life-Jackets and Life-Belts Price in Malaysia (CIF) - 2021
In December 2021, the average life-jackets and life-belts import price amounted to $10,397 per ton, increasing by 7.4% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2021 an increase of 45% against the previous month. The import price peaked at $14,030 per ton in February 2021; however, from March 2021 to December 2021, import prices failed to regain momentum.
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 +4.2% per month.
Life-Jackets and Life-Belts Price in Malaysia (FOB) - 2022
In 2022, the average life-jackets and life-belts export price amounted to $17,632 per ton, with an increase of 33% against the previous year. Over the period under review, the export price, however, recorded a deep slump. Over the period under review, the average export prices hit record highs at $40,616 per ton in 2012; however, from 2013 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 China ($22,976 per ton), while the average price for exports to Indonesia ($5,415 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 China (+5.1%), while the prices for the other major destinations experienced a decline.
Life-Jackets and Life-Belts Imports in Malaysia
In 2022, the amount of life-jackets and life-beltses imported into Malaysia reduced rapidly to 282 tons, dropping by -26.6% against 2021 figures. Over the period under review, imports saw a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 116%. As a result, imports attained the peak of 385 tons, and then contracted rapidly in the following year.
In value terms, life-jackets and life-belts imports reduced markedly to $3.5M in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. As a result, imports reached the peak of $4.7M, and then reduced remarkably in the following year.
| Import of Life-Jackets and Life-Belts in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,517 | 1,046 | 3,089 | 2,044 | 10.4% |
| United States | 228 | 185 | 345 | 278 | 6.8% |
| India | 36.0 | 49.6 | 188 | 125 | 51.4% |
| Others | 525 | 981 | 1,044 | 1,018 | 24.7% |
| Total | 2,306 | 2,261 | 4,667 | 3,464 | 14.5% |
Top Suppliers of Life-Jackets and Life-Belts to Malaysia in 2022:
- China (248.9 tons)
- India (10.1 tons)
- United States (6.0 tons)
Life-Jackets and Life-Belts Exports in Malaysia
Life-jackets and life-belts exports from Malaysia rose significantly to 30 tons in 2022, surging by 10% on the year before. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, the exports attained the peak of 32 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, life-jackets and life-belts exports soared to $523K in 2022. In general, total exports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. As a result, the exports reached the peak of $689K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Life-Jackets and Life-Belts in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 334 | 6.2 | 124 | 191.6% |
| Belgium | 87.9 | 108 | 102 | 123 | 11.9% |
| Singapore | 69.8 | 22.6 | 49.3 | 59.5 | -5.2% |
| Germany | 76.9 | 11.8 | 34.5 | 43.8 | -17.1% |
| France | 7.6 | 30.8 | 29.9 | 36.1 | 68.1% |
| Indonesia | 33.1 | 8.7 | 2.7 | 15.3 | -22.7% |
| Hong Kong SAR | 21.7 | 9.3 | 9.5 | 14.4 | -12.8% |
| Brunei Darussalam | 18.4 | 9.0 | 4.0 | 11.0 | -15.8% |
| Bangladesh | N/A | N/A | 3.5 | N/A | 0% |
| Others | 138 | 154 | 115 | 95.6 | -11.5% |
| Total | 458 | 689 | 356 | 523 | 4.5% |
Top Export Markets for Life-Jackets and Life-Belts from Malaysia in 2022:
- Belgium (9.4 tons)
- China (5.4 tons)
- Indonesia (2.8 tons)
- Singapore (2.6 tons)
- Germany (2.2 tons)
- France (1.8 tons)
- Hong Kong SAR (1.1 tons)
- Brunei Darussalam (0.7 tons)
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