Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Malaysia - 2024

Contents:

1. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Malaysia (FOB) - 2022
2. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Malaysia (CIF) - 2022
3. Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Malaysia
4. Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Malaysia

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Malaysia (FOB) - 2022

The average export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 stood at $165,452 per ton in 2022, surging by 28% against the previous year. In general, the export price showed a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 322% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($639,240 per ton), while the average price for exports to Italy ($6,854 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 Netherlands (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Malaysia (CIF) - 2022

In 2022, the average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $27,333 per ton, shrinking by -19.5% against the previous year. Overall, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 157%. Over the period under review, average import prices hit record highs at $64,832 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($68,488 per ton), while the price for Japan ($8,781 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Malaysia

Exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 from Malaysia expanded markedly to 1.3K tons in 2022, growing by 6.8% against the year before. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 4,334% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 surged to $215M in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 18,603% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 from Malaysia in 2022:

1. Netherlands (280.7 tons)
2. China (266.2 tons)
3. Singapore (171.7 tons)
4. Australia (141.1 tons)
5. Japan (110.7 tons)
6. Mexico (101.1 tons)
7. Taiwan (Chinese) (80.3 tons)
8. Hong Kong SAR (59.0 tons)

Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Malaysia

Imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 into Malaysia surged to 157 tons in 2022, rising by 86% against the previous year. Overall, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 surged to $4.3M in 2022. In general, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 to Malaysia in 2022:

1. China (73.7 tons)
2. Japan (45.8 tons)
3. Hong Kong SAR (7.5 tons)
4. New Zealand (7.4 tons)
5. Taiwan (Chinese) (6.2 tons)
6. Singapore (6.1 tons)
7. United States (4.0 tons)
8. Philippines (2.6 tons)

Source: IndexBox Market Intelligence Platform