Price for Machinery; Parts of the Machinery of Heading No. 8425 in Malaysia - 2024

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Malaysia (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Malaysia (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Malaysia
4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Malaysia

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Malaysia (CIF) - 2022

In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $6,890 per ton, with an increase of 2.1% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2019 when the average import price increased by 27% against the previous year. The import price peaked at $10,858 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 the United States ($17,982 per ton), while the price for the Philippines ($2,683 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Malaysia (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8425 stood at $7,732 per ton in 2022, growing by 70% against the previous year. Over the period under review, the export price showed a modest increase. The export price peaked at $10,978 per ton in 2014; however, from 2015 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 Bangladesh ($27,651 per ton), while the average price for exports to Australia ($2,901 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Malaysia

For the fourth consecutive year, Malaysia recorded growth in overseas purchases of machinery; parts of the machinery of heading no. 8425, which increased by 6.9% to 1.5K tons in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 49% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8425 attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 amounted to $10M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Malaysia in 2022:

1. China (802.5 tons)
2. Indonesia (157.2 tons)
3. Japan (95.7 tons)
4. Thailand (78.7 tons)
5. Singapore (70.9 tons)
6. United States (64.9 tons)
7. South Korea (57.8 tons)
8. France (20.6 tons)
9. United Kingdom (18.3 tons)
10. Philippines (12.4 tons)
11. India (4.2 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Malaysia

After three years of growth, shipments abroad of machinery; parts of the machinery of heading no. 8425 decreased by -29.5% to 550 tons in 2022. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 10% against the previous year.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $4.3M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 74% against the previous year. As a result, the exports attained the peak of $4.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Malaysia in 2022:

1. Netherlands (210.2 tons)
2. Indonesia (141.2 tons)
3. Singapore (99.3 tons)
4. Brunei Darussalam (13.1 tons)
5. Thailand (13.1 tons)
6. Australia (12.7 tons)
7. Bangladesh (12.1 tons)
8. Vietnam (6.9 tons)
9. China (2.8 tons)
10. Hong Kong SAR (1.7 tons)
11. Papua New Guinea (0.5 tons)

Source: IndexBox Market Intelligence Platform