Malaysia - Base Metal Furniture Locks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Furniture Lock Price in Malaysia - 2021
Contents:
- Metal Furniture Lock Price in Malaysia (CIF) - 2021
- Metal Furniture Lock Price in Malaysia (FOB) - 2022
- Metal Furniture Lock Imports in Malaysia
- Metal Furniture Lock Exports in Malaysia
Metal Furniture Lock Price in Malaysia (CIF) - 2021
The average metal furniture lock import price stood at $11,912 per ton in December 2021, surging by 9.2% against the previous month. Overall, the import price posted a buoyant expansion. The growth pace was the most rapid in July 2021 an increase of 121% against the previous month. The import price peaked in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the UK ($48,902 per ton), while the price for China ($4,594 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the UK (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Furniture Lock Price in Malaysia (FOB) - 2022
In 2022, the average metal furniture lock export price amounted to $20,470 per ton, waning by -5% against the previous year. In general, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices attained the peak figure at $22,983 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($50,064 per ton), while the average price for exports to the UK ($2,325 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 Canada (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Furniture Lock Imports in Malaysia
For the third consecutive year, Malaysia recorded decline in purchases abroad of base metal furniture locks, which decreased by -5.1% to 406 tons in 2022. Over the period under review, imports showed a abrupt shrinkage.
In value terms, metal furniture lock imports dropped to $2.7M in 2022. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports attained the peak of $2.9M, and then declined in the following year.
| Import of Metal Furniture Lock in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 937 | 807 | 813 | 1,933 | 27.3% |
| Singapore | 238 | 86.2 | 647 | 126 | -19.1% |
| United Kingdom | 9.5 | 2.2 | 362 | 122 | 134.2% |
| Austria | 32.9 | 298 | 40.9 | 119 | 53.5% |
| Thailand | 766 | 420 | 506 | 94.7 | -50.2% |
| Taiwan (Chinese) | 325 | 120 | 104 | 30.5 | -54.6% |
| United States | 138 | 69.6 | 105 | 17.3 | -50.0% |
| Others | 492 | 586 | 362 | 222 | -23.3% |
| Total | 2,940 | 2,389 | 2,940 | 2,664 | -3.2% |
Top Suppliers of Metal Furniture Lock to Malaysia in 2022:
- China (332.6 tons)
- Thailand (25.7 tons)
- United Kingdom (15.5 tons)
- Singapore (8.4 tons)
- Taiwan (Chinese) (7.7 tons)
- Austria (6.3 tons)
- United States (1.6 tons)
Metal Furniture Lock Exports in Malaysia
In 2022, the amount of base metal furniture locks exported from Malaysia declined to 944 tons, with a decrease of -5.4% compared with the previous year's figure. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports reached the peak of 997 tons, and then reduced in the following year.
In value terms, metal furniture lock exports dropped to $19M in 2022. The total export value increased at an average annual rate of +8.2% over the period 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 25%. As a result, the exports reached the peak of $21M, and then dropped in the following year.
| Export of Metal Furniture Lock in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3,518 | 3,578 | 4,150 | 4,240 | 6.4% |
| Vietnam | 1,415 | 1,169 | 990 | 1,455 | 0.9% |
| Sri Lanka | 1,669 | 1,112 | 873 | 1,135 | -12.1% |
| India | 137 | 354 | 1,370 | 1,095 | 99.9% |
| Finland | 6.8 | 407 | 867 | 978 | 423.9% |
| Indonesia | 818 | 520 | 616 | 801 | -0.7% |
| Canada | 160 | 105 | 421 | 667 | 60.9% |
| United States | 539 | 249 | 360 | 480 | -3.8% |
| Poland | 682 | 1,392 | 2,241 | 369 | -18.5% |
| United Kingdom | 147 | 446 | 223 | 302 | 27.1% |
| Kenya | 161 | 135 | 33.2 | 202 | 7.9% |
| Cambodia | 53.7 | 96.1 | 128 | 145 | 39.3% |
| Saudi Arabia | 58.4 | 51.7 | 66.1 | 62.5 | 2.3% |
| Others | 5,868 | 7,537 | 9,151 | 7,390 | 8.0% |
| Total | 15,234 | 17,154 | 21,490 | 19,322 | 8.2% |
Top Export Markets for Metal Furniture Lock from Malaysia in 2022:
- Singapore (135.7 tons)
- United Kingdom (130.0 tons)
- Vietnam (99.8 tons)
- India (77.4 tons)
- Poland (58.3 tons)
- United States (54.2 tons)
- Indonesia (39.9 tons)
- Sri Lanka (37.6 tons)
- Saudi Arabia (22.4 tons)
- Kenya (21.9 tons)
- Canada (19.6 tons)
- Finland (19.5 tons)
- Cambodia (16.2 tons)
This report provides an in-depth analysis of the metal furniture lock 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 25721170 - Base metal furniture locks
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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