Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia - 2024
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia (CIF) - 2024
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia (FOB) - 2022
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia (CIF) - 2024
In December 2023, the average import price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $2.3 per unit, reducing by -37.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 112% against the previous month. As a result, import price reached the peak level of $4.7 per unit. From October 2023 to December 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to December 2023, the rate of growth in terms of prices for Hong Kong SAR amounted to +1.0% per month.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia (FOB) - 2022
The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $2.9 per unit in 2022, shrinking by -53.8% against the previous year. In general, the export price showed a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 130%. The export price peaked at $14 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
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 Australia ($4.8 per unit), while the average price for exports to the Philippines ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.5%), while the prices for the other major destinations experienced a decline.
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia
In 2022, imports of clocks; wall clocks, battery, accumulator or mains powereds into Malaysia expanded modestly to 1M units, growing by 3.2% on 2021. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds declined modestly to $3.5M in 2022. The total import value increased at an average annual rate of +13.1% 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 22% against the previous year. As a result, imports reached the peak of $3.5M, and then contracted in the following year.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,806 | 2,435 | 2,778 | 2,691 | 14.2% |
| Hong Kong SAR | 233 | 195 | 312 | 429 | 22.6% |
| Belarus | 147 | 86.4 | 230 | 89.3 | -15.3% |
| Others | 226 | 176 | 211 | 282 | 7.7% |
| Total | 2,413 | 2,892 | 3,530 | 3,492 | 13.1% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Malaysia in 2022:
- China (960.2K units)
- Hong Kong SAR (40.0K units)
- Belarus (26.8K units)
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia
Exports of clocks; wall clocks, battery, accumulator or mains powereds from Malaysia surged to 188K units in 2022, picking up by 554% on 2021 figures. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds skyrocketed to $543K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 223%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 1.7 | N/A | 241 | 1090.6% |
| Singapore | 3.1 | 3.7 | 76.7 | 96.0 | 214.0% |
| Philippines | N/A | N/A | N/A | 72.8 | 0% |
| India | N/A | N/A | 64.0 | 53.5 | -16.4% |
| Australia | 47.8 | 5.3 | N/A | 34.8 | -10.0% |
| Thailand | N/A | N/A | 15.2 | 25.5 | 67.8% |
| Others | 35.9 | 44.8 | 23.7 | 18.6 | -19.7% |
| Total | 86.7 | 55.5 | 180 | 543 | 84.3% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Malaysia in 2022:
- Indonesia (100.5K units)
- Philippines (30.6K units)
- Singapore (30.5K units)
- India (12.1K units)
- Australia (7.3K units)
- Thailand (5.8K units)
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