Price for Floating or Submersible Drilling or Production Platforms in Malaysia - 2024

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in Malaysia (CIF) - 2022
2. Price for Floating or Submersible Drilling or Production Platforms in Malaysia (FOB) - 2022
3. Imports of Floating or Submersible Drilling or Production Platforms in Malaysia
4. Exports of Floating or Submersible Drilling or Production Platforms in Malaysia

Price for Floating or Submersible Drilling or Production Platforms in Malaysia (CIF) - 2022

The average import price for floating or submersible drilling or production platformses stood at $1,780,144 per unit in 2022, shrinking by -91.8% against the previous year. Over the period under review, the import price, however, posted a measured expansion. The most prominent rate of growth was recorded in 2017 an increase of 115,628% against the previous year. Over the period under review, average import prices attained the maximum at $480,035,260 per unit in 2020; however, from 2021 to 2022, 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 2012 to 2022, the rate of growth in terms of prices for China amounted to +34.5% per year.

Price for Floating or Submersible Drilling or Production Platforms in Malaysia (FOB) - 2022

The average export price for floating or submersible drilling or production platformses stood at $10,110,275 per unit in 2022, jumping by 1,973% against the previous year. Overall, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 4,400% against the previous year. The export price peaked at $140,198,906 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($20,215,509 per unit), while the average price for exports to Singapore amounted to $5,041 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floating or Submersible Drilling or Production Platforms in Malaysia

In 2022, imports of floating or submersible drilling or production platformses into Malaysia soared to 38 units, with an increase of 1,167% compared with the previous year. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of floating or submersible drilling or production platformses expanded modestly to $68M in 2022. In general, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of 3,051% against the previous year. As a result, imports attained the peak of $2.4B. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to Malaysia in 2022:

1. China (38.0 units)

Exports of Floating or Submersible Drilling or Production Platforms in Malaysia

In 2022, shipments abroad of floating or submersible drilling or production platformses was finally on the rise to reach 2 units after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt slump. The exports peaked at 3 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of floating or submersible drilling or production platformses skyrocketed to $20M in 2022. Overall, exports, however, recorded a significant curtailment. The exports peaked at $86M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from Malaysia in 2022:

1. United Arab Emirates (1.0 units)
2. Singapore (1.0 units)

Source: IndexBox Market Intelligence Platform