Malaysia - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Spring Washer Price in Malaysia - 2021
Contents:
- Metal Spring Washer Price in Malaysia (CIF) - 2021
- Metal Spring Washer Price in Malaysia (FOB) - 2022
- Metal Spring Washer Imports in Malaysia
- Metal Spring Washer Exports in Malaysia
Metal Spring Washer Price in Malaysia (CIF) - 2021
The average metal spring washer import price stood at $3,624 per ton in December 2021, jumping by 31% against the previous month. In general, the import price, however, saw a mild decline. The pace of growth appeared the most rapid in September 2021 when the average import price increased by 190% month-to-month. The import price peaked at $5,382 per ton in January 2021; however, from February 2021 to December 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($17,286 per ton), while the price for China ($1,097 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 Japan (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Spring Washer Price in Malaysia (FOB) - 2022
In 2022, the average metal spring washer export price amounted to $10,394 per ton, falling by -3.7% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 31%. Over the period under review, the average export prices reached the maximum at $10,790 per ton in 2021, and then declined modestly in the following year.
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 Vietnam ($40,384 per ton), while the average price for exports to Saudi Arabia ($1,388 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 the United States (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Spring Washer Imports in Malaysia
Metal spring washer imports into Malaysia shrank to 1.1K tons in 2022, waning by -13.5% compared with 2021. Overall, imports showed a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of 1.3K tons, and then fell in the following year.
In value terms, metal spring washer imports contracted to $4.1M in 2022. The total import value increased at an average annual rate of +1.6% 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 with an increase of 36% against the previous year. As a result, imports reached the peak of $4.7M, and then declined in the following year.
| Import of Metal Spring Washer in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,024 | 816 | 1,644 | 1,698 | 18.4% |
| Germany | 439 | 532 | 590 | 455 | 1.2% |
| Japan | 506 | 312 | 498 | 403 | -7.3% |
| Singapore | 116 | 198 | 174 | 351 | 44.6% |
| Taiwan (Chinese) | 395 | 162 | 501 | 323 | -6.5% |
| United States | 766 | 743 | 505 | 277 | -28.8% |
| Thailand | 53.2 | 68.1 | 254 | 164 | 45.5% |
| Others | 630 | 656 | 580 | 446 | -10.9% |
| Total | 3,929 | 3,487 | 4,747 | 4,117 | 1.6% |
Top Suppliers of Metal Spring Washer to Malaysia in 2022:
- China (518.1 tons)
- Singapore (277.0 tons)
- United States (73.3 tons)
- Germany (72.4 tons)
- Japan (67.5 tons)
- Taiwan (Chinese) (34.9 tons)
- Thailand (17.2 tons)
Metal Spring Washer Exports in Malaysia
In 2022, shipments abroad of iron or steel spring washers was finally on the rise to reach 60 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp descent.
In value terms, metal spring washer exports soared to $622K in 2022. Overall, exports, however, saw a abrupt setback.
| Export of Metal Spring Washer in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 191 | 94.3 | 23.9 | 88.1 | -22.7% |
| Vietnam | 26.9 | 4.8 | 88.5 | 82.1 | 45.1% |
| Singapore | 242 | 290 | 85.4 | 60.0 | -37.2% |
| China | 31.9 | 38.2 | 47.3 | 54.6 | 19.6% |
| Hungary | 0.3 | 0.2 | 1.4 | 41.9 | 418.8% |
| Indonesia | 41.6 | 33.6 | 29.1 | 35.6 | -5.1% |
| Luxembourg | 0.3 | N/A | 0.2 | 35.6 | 391.4% |
| India | 116 | 56.8 | 52.5 | 18.3 | -46.0% |
| Thailand | 59.8 | 11.4 | 2.0 | 18.2 | -32.7% |
| Maldives | N/A | 9.2 | 16.9 | 15.7 | 30.6% |
| Bangladesh | 14.1 | 13.3 | 13.5 | 13.8 | -0.7% |
| Saudi Arabia | 17.6 | 7.5 | 0.1 | 6.4 | -28.6% |
| Yemen | 5.4 | 4.9 | 4.7 | 4.6 | -5.2% |
| Others | 295 | 170 | 145 | 147 | -20.7% |
| Total | 1,041 | 734 | 510 | 622 | -15.8% |
Top Export Markets for Metal Spring Washer from Malaysia in 2022:
- Hungary (10.1 tons)
- Indonesia (6.1 tons)
- Singapore (5.8 tons)
- Saudi Arabia (4.6 tons)
- Maldives (4.3 tons)
- United States (4.3 tons)
- China (3.8 tons)
- Luxembourg (3.1 tons)
- Yemen (2.4 tons)
- Vietnam (2.0 tons)
- India (1.7 tons)
- Thailand (1.5 tons)
- Bangladesh (1.3 tons)
This report provides an in-depth analysis of the metal spring washer 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 25941210 - Iron or steel spring washers and other lock washers
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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