Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Malaysia - 2024

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Malaysia (CIF) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Malaysia (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Malaysia
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Malaysia

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Malaysia (CIF) - 2022

In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $41,438 per ton, increasing by 8.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 98% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($115,319 per ton), while the price for Indonesia ($7,045 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Malaysia (FOB) - 2022

In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $20,598 per ton, which is down by -3.3% against the previous year. Overall, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27% against the previous year. As a result, the export price attained the peak level of $29,273 per ton. From 2014 to 2022, the average 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 China ($87,201 per ton), while the average price for exports to Cote d'Ivoire ($5,009 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 the Philippines (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Malaysia

In 2022, purchases abroad of machines and mechanical appliances; parts, of those having individual functionses was finally on the rise to reach 20K tons after two years of decline. In general, imports, however, continue to indicate a abrupt slump.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses surged to $835M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 +53.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Malaysia in 2022:

1. China (8.9K tons)
2. Singapore (2.9K tons)
3. Germany (1.8K tons)
4. Japan (1.6K tons)
5. India (0.8K tons)
6. Philippines (0.7K tons)
7. Hong Kong SAR (0.7K tons)
8. United States (0.6K tons)
9. Taiwan (Chinese) (0.5K tons)
10. Indonesia (0.3K tons)
11. Thailand (0.3K tons)
12. South Korea (0.2K tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Malaysia

In 2022, exports of machines and mechanical appliances; parts, of those having individual functionses from Malaysia totaled 23K tons, with an increase of 6.2% on the year before. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 11%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses amounted to $480M in 2022. The total export value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Malaysia in 2022:

1. Indonesia (6.3K tons)
2. Singapore (3.3K tons)
3. Thailand (2.2K tons)
4. United States (1.7K tons)
5. Australia (1.4K tons)
6. Hong Kong SAR (0.9K tons)
7. Cote d'Ivoire (0.8K tons)
8. Philippines (0.5K tons)
9. Papua New Guinea (0.5K tons)
10. China (0.4K tons)
11. India (0.3K tons)
12. Vietnam (0.3K tons)
13. Japan (0.2K tons)

Source: IndexBox Market Intelligence Platform