Price for Machines; Parts and Accessories, of Heading No. 8472 in Malaysia - 2024

Contents:

  1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Malaysia (CIF) - 2022
  2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Malaysia (FOB) - 2022
  3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Malaysia
  4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Malaysia

Price for Machines; Parts and Accessories, of Heading No. 8472 in Malaysia (CIF) - 2022

The average import price for machines; parts and accessories, of heading no. 8472 stood at $19,629 per ton in 2022, rising by 25% against the previous year. Over the period under review, the import price saw modest growth. The most prominent rate of growth was recorded in 2017 an increase of 79% against the previous year. As a result, import price reached the peak level of $32,625 per ton. From 2018 to 2022, the average 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 Japan ($112,686 per ton), while the price for China ($9,360 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Malaysia (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $31,825 per ton in 2022, jumping by 38% against the previous year. Overall, the export price, however, recorded a abrupt setback. Over the period under review, the average export prices hit record highs at $66,927 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($79,232 per ton), while the average price for exports to the Netherlands ($21,246 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 Singapore (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Malaysia

Imports of machines; parts and accessories, of heading no. 8472 into Malaysia reduced to 693 tons in 2022, dropping by -13.7% compared with the previous year's figure. Overall, imports showed a dramatic decrease.

In value terms, imports of machines; parts and accessories, of heading no. 8472 rose remarkably to $14M in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports reached the peak of $22M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Machines; Parts and Accessories, of Heading No. 8472 in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7.75.15.24.7-15.2%
Japan0.70.20.71.631.7%
Germany2.43.02.11.4-16.4%
India1.20.50.31.20.0%
United States0.30.20.20.944.2%
Singapore2.40.81.00.6-37.0%
Switzerland0.36.50.20.410.1%
Netherlands0.11.61.30.226.0%
Czech Republic1.02.50.1N/A-68.4%
Others2.21.51.62.77.1%
Total18.221.912.613.6-9.3%

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Malaysia in 2022:

  1. China (498.6 tons)
  2. India (33.5 tons)
  3. Germany (29.7 tons)
  4. United States (26.5 tons)
  5. Netherlands (18.2 tons)
  6. Japan (14.4 tons)
  7. Singapore (14.3 tons)
  8. Switzerland (7.3 tons)
  9. Czech Republic (3.4 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Malaysia

In 2022, exports of machines; parts and accessories, of heading no. 8472 from Malaysia fell dramatically to 258 tons, shrinking by -31.4% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 24%.

In value terms, exports of machines; parts and accessories, of heading no. 8472 shrank to $8.2M in 2022. In general, exports saw a deep downturn. The smallest decline of -0.7% was in 2021.

Export of Machines; Parts and Accessories, of Heading No. 8472 in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany7.63.23.92.0-35.9%
Singapore5.32.82.11.6-32.9%
IndiaN/AN/AN/A1.50%
Philippines0.20.1N/A0.644.2%
China0.12.22.00.681.7%
Thailand0.10.10.10.458.7%
IndonesiaN/AN/AN/A0.20%
Papua New Guinea0.3N/AN/AN/A0%
Others0.40.50.51.348.1%
Total14.08.88.78.2-16.3%

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Malaysia in 2022:

  1. Germany (74.5 tons)
  2. India (54.2 tons)
  3. Singapore (44.9 tons)
  4. China (26.3 tons)
  5. Philippines (19.1 tons)
  6. Thailand (8.3 tons)
  7. Indonesia (7.4 tons)

Source: IndexBox Market Intelligence Platform

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