Malaysia - Iron Or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Self-Locking Nut Price in Malaysia - 2021
Contents:
- Metal Self-Locking Nut Price in Malaysia (CIF) - 2021
- Metal Self-Locking Nut Price in Malaysia (FOB) - 2021
- Metal Self-Locking Nut Imports in Malaysia
- Metal Self-Locking Nut Exports in Malaysia
Metal Self-Locking Nut Price in Malaysia (CIF) - 2021
In December 2021, the average metal self-locking nut import price amounted to $3,834 per ton, waning by -9.8% against the previous month. Overall, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 30% month-to-month. As a result, import price attained the peak level of $6,194 per ton. From September 2021 to December 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Singapore ($11,551 per ton), while the price for Hong Kong SAR ($699 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 Thailand (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Self-Locking Nut Price in Malaysia (FOB) - 2021
In December 2021, the average metal self-locking nut export price amounted to $2,329 per ton, falling by -12.9% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in June 2021 an increase of 25% against the previous month. Over the period under review, the average export prices hit record highs at $2,672 per ton in November 2021, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($3,530 per ton), while the average price for exports to Ukraine ($1,159 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Self-Locking Nut Imports in Malaysia
In 2022, approx. 14K tons of iron or steel nuts (including self-locking nuts) were imported into Malaysia; dropping by -4.1% compared with the previous year. In general, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year.
In value terms, metal self-locking nut imports dropped to $56M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 36%. As a result, imports reached the peak of $64M, and then fell in the following year.
| Import of Metal Self-Locking Nut in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.5 | 15.5 | 26.2 | 28.7 | 15.8% |
| Japan | 10.0 | 9.9 | 11.5 | 7.1 | -10.8% |
| Taiwan (Chinese) | 4.9 | 5.1 | 5.7 | 4.3 | -4.3% |
| United States | 4.4 | 3.8 | 4.5 | 4.2 | -1.5% |
| Singapore | 3.1 | 3.1 | 5.0 | 3.7 | 6.1% |
| South Korea | 2.6 | 2.3 | 1.7 | 1.6 | -14.9% |
| United Kingdom | 2.1 | 1.2 | 1.3 | 1.2 | -17.0% |
| Thailand | 1.6 | 1.5 | 1.7 | 1.2 | -9.1% |
| Hong Kong SAR | 1.2 | 1.0 | 1.4 | 0.8 | -12.6% |
| Others | 4.4 | 3.9 | 5.4 | 3.0 | -12.0% |
| Total | 52.9 | 47.3 | 64.3 | 55.8 | 1.8% |
Top Suppliers of Metal Self-Locking Nut to Malaysia in 2022:
- China (9.5K tons)
- Japan (1.1K tons)
- Taiwan (Chinese) (1.0K tons)
- Singapore (0.6K tons)
- Hong Kong SAR (0.6K tons)
- South Korea (0.5K tons)
- United States (0.4K tons)
- Thailand (0.2K tons)
- United Kingdom (0.1K tons)
Metal Self-Locking Nut Exports in Malaysia
In 2022, approx. 12K tons of iron or steel nuts (including self-locking nuts) were exported from Malaysia; reducing by -11.2% on the previous year's figure. Over the period under review, exports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 14K tons, and then declined in the following year.
In value terms, metal self-locking nut exports dropped to $29M in 2022. Overall, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year.
| Export of Metal Self-Locking Nut in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.0 | 7.1 | 9.0 | 7.7 | -1.3% |
| United States | 1.0 | 1.7 | 2.7 | 3.2 | 47.4% |
| Singapore | 5.1 | 3.4 | 3.5 | 2.7 | -19.1% |
| Turkey | 0.3 | 1.4 | 2.1 | 1.9 | 85.0% |
| Italy | 1.3 | 1.1 | 0.7 | 1.5 | 4.9% |
| Thailand | 1.5 | 1.4 | 2.0 | 1.5 | 0.0% |
| South Korea | 3.3 | 2.1 | 0.7 | 1.4 | -24.9% |
| Poland | 0.8 | 0.7 | 0.9 | 1.1 | 11.2% |
| Ukraine | 0.1 | 0.3 | 1.2 | 1.0 | 115.4% |
| Netherlands | 1.3 | 0.9 | 1.3 | 0.9 | -11.5% |
| Japan | 1.1 | 0.9 | 0.6 | 0.9 | -6.5% |
| Indonesia | 1.7 | 0.5 | 0.5 | 0.6 | -29.3% |
| United Kingdom | 0.7 | 0.5 | 0.7 | 0.6 | -5.0% |
| Others | 5.1 | 5.1 | 4.7 | 3.8 | -9.3% |
| Total | 31.1 | 27.0 | 30.5 | 28.7 | -2.6% |
Top Export Markets for Metal Self-Locking Nut from Malaysia in 2022:
- Germany (4007.2 tons)
- Singapore (899.9 tons)
- Italy (890.0 tons)
- Ukraine (749.9 tons)
- Turkey (730.2 tons)
- Poland (659.0 tons)
- United States (590.8 tons)
- South Korea (588.1 tons)
- Thailand (528.5 tons)
- United Kingdom (466.9 tons)
- Netherlands (414.5 tons)
- Indonesia (293.9 tons)
- Japan (225.4 tons)
This report provides an in-depth analysis of the metal self-locking nut 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
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
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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
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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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