Price for Clock or Watch Parts; Plates and Bridges in Malaysia - 2023

Contents:

1. Price for Clock or Watch Parts; Plates and Bridges in Malaysia (CIF) - 2023
2. Price for Clock or Watch Parts; Plates and Bridges in Malaysia (FOB) - 2022
3. Imports of Clock or Watch Parts; Plates and Bridges in Malaysia
4. Exports of Clock or Watch Parts; Plates and Bridges in Malaysia

Price for Clock or Watch Parts; Plates and Bridges in Malaysia (CIF) - 2023

In December 2023, the average import price for clock or watch parts; plates and bridgeses amounted to $772K per ton, jumping by 201% against the previous month. Over the period under review, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 218% m-o-m. Over the period under review, average import prices attained the peak figure in December 2023.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Singapore ($784K per ton), while the price for Switzerland totaled $20,940 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Singapore (+19.0%).

Price for Clock or Watch Parts; Plates and Bridges in Malaysia (FOB) - 2022

The average export price for clock or watch parts; plates and bridgeses stood at $514,144 per ton in 2022, picking up by 116% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2021 an increase of 228% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +12.8% per year.

Imports of Clock or Watch Parts; Plates and Bridges in Malaysia

In 2022, approx. 727 tons of clock or watch parts; plates and bridgeses were imported into Malaysia; growing by 19% compared with 2021. The total import volume increased at an average annual rate of +14.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 28%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of clock or watch parts; plates and bridgeses surged to $13M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Clock or Watch Parts; Plates and Bridges to Malaysia in 2022:

1. Singapore (726.9 tons)

Exports of Clock or Watch Parts; Plates and Bridges in Malaysia

For the third year in a row, Malaysia recorded decline in overseas shipments of clock or watch parts; plates and bridgeses, which decreased by -36.3% to 1.5 tons in 2022. In general, exports continue to indicate a dramatic decrease. The smallest decline of -1.5% was in 2021.

In value terms, exports of clock or watch parts; plates and bridgeses surged to $750K in 2022. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 223% against the previous year.

Top Export Markets for Clock or Watch Parts; Plates and Bridges from Malaysia in 2022:

1. Singapore (1453.0 kg)
2. Taiwan (Chinese) (5.0 kg)

Source: IndexBox Market Intelligence Platform