Price for Household or Laundry-Type Washing Machine in Malaysia - 2022
Contents:
- Price for Household or Laundry-Type Washing Machine in Malaysia (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Malaysia (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Malaysia
- Exports of Household or Laundry-Type Washing Machine in Malaysia
Price for Household or Laundry-Type Washing Machine in Malaysia (CIF) - 2022
The average import price for household or laundry-type washing machines stood at $311 per unit in December 2021, increasing by 2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2021 an increase of 6.4% month-to-month. The import price peaked in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was South Korea ($437 per unit), while the price for China ($284 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Malaysia (FOB) - 2022
In 2022, the average export price for household or laundry-type washing machines amounted to $97 per unit, waning by -30.5% against the previous year. In general, the export price saw a deep setback. The pace of growth was the most pronounced in 2019 an increase of 53%. The export price peaked at $550 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($1,526 per unit), while the average price for exports to the Philippines ($18 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 Myanmar (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Household or Laundry-Type Washing Machine in Malaysia
In 2022, supplies from abroad of household or laundry-type washing machines decreased by -12.5% to 52K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. Imports peaked at 60K units in 2021, and then shrank in the following year.
In value terms, household or laundry-type washing machine imports amounted to $167M in 2022. The total import value increased at an average annual rate of +8.8% 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 2021 with an increase of 23%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Household or Laundry-Type Washing Machine in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 62.6 | 73.9 | 98.7 | 97.7 | 16.0% |
| Thailand | 39.3 | 41.8 | 39.9 | 41.3 | 1.7% |
| Vietnam | 9.0 | 7.2 | 16.7 | 19.0 | 28.3% |
| Others | 18.9 | 9.8 | 7.9 | 9.3 | -21.1% |
| Total | 130 | 133 | 163 | 167 | 8.7% |
Top Suppliers of Household or Laundry-Type Washing Machine to Malaysia in 2022:
- China (29.4K units)
- Thailand (11.4K units)
- Vietnam (8.4K units)
Exports of Household or Laundry-Type Washing Machine in Malaysia
For the fourth consecutive year, Malaysia recorded growth in shipments abroad of household or laundry-type washing machines, which increased by 89% to 87K units in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 167%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, household or laundry-type washing machine exports soared to $8.4M in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 62% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Household or Laundry-Type Washing Machine in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 1,041 | 3,653 | 2,978 | 69.1% |
| Hong Kong SAR | 7.9 | 21.6 | 92.3 | 2,324 | 565.1% |
| Brunei Darussalam | 312 | 76.6 | 84.5 | 412 | 9.7% |
| Thailand | 243 | 52.6 | 488 | 229 | -2.0% |
| Taiwan (Chinese) | 638 | 497 | 396 | 228 | -29.0% |
| Vietnam | 666 | 954 | 418 | 212 | -31.7% |
| Philippines | 5.3 | 1.3 | 4.0 | 55.9 | 119.3% |
| Others | 1,064 | 1,324 | 1,300 | 2,002 | 23.5% |
| Total | 2,936 | 3,969 | 6,435 | 8,442 | 42.2% |
Top Export Markets for Household or Laundry-Type Washing Machine from Malaysia in 2022:
- Hong Kong SAR (45.2K units)
- United States (27.4K units)
- Philippines (3.1K units)
- Taiwan (Chinese) (2.9K units)
- Thailand (1.9K units)
- Brunei Darussalam (1.6K units)
- Vietnam (0.2K units)
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