Price for Cycles; Parts Thereof, Saddles in Malaysia - 2021

Contents:

1. Price for Cycles; Parts Thereof, Saddles in Malaysia (CIF) - 2022
2. Price for Cycles; Parts Thereof, Saddles in Malaysia (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Saddles in Malaysia
4. Exports of Cycles; Parts Thereof, Saddles in Malaysia

Price for Cycles; Parts Thereof, Saddles in Malaysia (CIF) - 2022

In 2022, the average cycles; parts thereof, saddles import price amounted to $1.7 per unit, with a decrease of -69.1% against the previous year. In general, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 159% against the previous year. The import price peaked at $12 per unit in 2019; however, from 2020 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 Italy ($7.6 per unit), while the price for China ($1.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-6.1%), while the prices for the other major suppliers experienced a decline.

Price for Cycles; Parts Thereof, Saddles in Malaysia (FOB) - 2022

The average cycles; parts thereof, saddles export price stood at $5.3 per unit in 2022, declining by -43.8% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 86%. Over the period under review, the average export prices reached the maximum at $22 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($9.8 per unit), while the average price for exports to Vietnam ($4.1 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 the United Arab Emirates (+27.2%), while the prices for the other major destinations experienced a decline.

Imports of Cycles; Parts Thereof, Saddles in Malaysia

For the fourth year in a row, Malaysia recorded growth in purchases abroad of cycles; parts thereof, saddleses, which increased by 80% to 567K units in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 411%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cycles; parts thereof, saddles imports plummeted to $992K in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 243%. As a result, imports reached the peak of $1.8M, and then reduced markedly in the following year.

Top Suppliers of Cycles; Parts Thereof, Saddles to Malaysia in 2022:

1. China (525.9K units)
2. Italy (17.9K units)
3. Vietnam (13.8K units)

Exports of Cycles; Parts Thereof, Saddles in Malaysia

In 2022, approx. 8.5K units of cycles; parts thereof, saddleses were exported from Malaysia; picking up by 684% compared with 2021. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cycles; parts thereof, saddles exports soared to $45K in 2022. Over the period under review, exports posted perceptible growth. Over the period under review, the exports hit record highs at $49K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Cycles; Parts Thereof, Saddles from Malaysia in 2022:

1. Singapore (7.2K units)
2. Hungary (0.8K units)
3. Philippines (0.3K units)
4. Vietnam (0.2K units)

Source: IndexBox Market Intelligence Platform