Price for Electric Motors; of an Output Not Exceeding 37.5W in Malaysia - 2024
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Malaysia (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Malaysia (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Malaysia
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Malaysia
Price for Electric Motors; of an Output Not Exceeding 37.5W in Malaysia (CIF) - 2022
In 2022, the average import price for electric motors amounted to $7 per unit, declining by -10.5% against the previous year. In general, the import price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44% against the previous year. The import price peaked at $8.3 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($12 per unit), while the price for Taiwan (Chinese) ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Malaysia (FOB) - 2022
In 2022, the average export price for electric motors amounted to $3.6 per unit, which is down by -4.9% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24%. The export price peaked at $3.7 per unit in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5.9 per unit), while the average price for exports to Hong Kong SAR ($1.9 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 Japan (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Malaysia
In 2022, imports of electric motors into Malaysia amounted to 38M units, picking up by 14% against the year before. The total import volume increased at an average annual rate of +1.1% over the period 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 26% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of electric motors stood at $263M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 91.2 | 61.3 | 73.7 | 79.0 | -4.7% |
| China | 59.6 | 70.6 | 99.3 | 74.0 | 7.5% |
| Vietnam | 6.8 | 5.2 | 12.6 | 15.0 | 30.2% |
| Japan | 8.2 | 8.1 | 8.7 | 10.6 | 8.9% |
| Hong Kong SAR | 3.8 | 7.7 | 6.7 | 9.8 | 37.1% |
| Thailand | 14.1 | 4.5 | 7.4 | 6.0 | -24.8% |
| Taiwan (Chinese) | 4.2 | 2.4 | 3.3 | 3.9 | -2.4% |
| Others | 44.4 | 57.0 | 45.8 | 65.2 | 13.7% |
| Total | 232 | 217 | 257 | 263 | 4.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Malaysia in 2022:
- Singapore (9.5M units)
- Vietnam (6.1M units)
- China (6.1M units)
- Hong Kong SAR (4.7M units)
- Taiwan (Chinese) (3.2M units)
- Japan (2.2M units)
- Thailand (1.5M units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Malaysia
Exports of electric motors from Malaysia reduced to 24M units in 2022, with a decrease of -10.7% on the previous year's figure. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. The exports peaked at 28M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electric motors fell sharply to $86M in 2022. Over the period under review, exports recorded a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports reached the peak of $101M, and then reduced markedly in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 27.1 | 25.3 | 27.6 | 21.1 | -8.0% |
| United States | 8.7 | 8.7 | 15.3 | 13.9 | 16.9% |
| Singapore | 5.0 | 8.2 | 5.9 | 8.7 | 20.3% |
| China | 18.3 | 5.1 | 6.9 | 7.0 | -27.4% |
| Thailand | 6.8 | 3.8 | 12.2 | 6.3 | -2.5% |
| Germany | 3.0 | 3.5 | 5.0 | 6.2 | 27.4% |
| Hong Kong SAR | 3.7 | 2.5 | 3.8 | 3.9 | 1.8% |
| Indonesia | 4.3 | 4.7 | 6.9 | 3.7 | -4.9% |
| Others | 16.5 | 13.5 | 17.1 | 14.7 | -3.8% |
| Total | 93.4 | 75.3 | 101 | 85.5 | -2.9% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Malaysia in 2022:
- Japan (5.5M units)
- Singapore (4.3M units)
- United States (2.3M units)
- Hong Kong SAR (2.1M units)
- China (1.9M units)
- Thailand (1.8M units)
- Germany (1.7M units)
- Indonesia (1.2M units)
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