Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Malaysia - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Malaysia (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Malaysia (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Malaysia
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Malaysia

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Malaysia (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.5 per unit, approximately equating the previous year. Over the period under review, the import price, however, saw a remarkable increase. The growth pace was the most rapid in 2019 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the peak figure at $0.5 per unit in 2021, and then dropped modestly in the following year.

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 South Korea ($2.6 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Malaysia (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $1.3 per unit, picking up by 141% against the previous year. Over the period under review, the export price recorded resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($8.1 per unit), while the average price for exports to Brunei Darussalam ($0.2 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 Sri Lanka (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Malaysia

Imports of millstones, grindstones, grinding wheels and the like; of natural stones into Malaysia fell modestly to 6.4M units in 2022, waning by -1.5% on 2021. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 6.6%. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at 7.5M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones reduced to $3.3M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports reached the peak of $3.4M, and then dropped slightly in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Malaysia in 2022:

1. China (3468.1K units)
2. Austria (1223.3K units)
3. Japan (744.1K units)
4. Taiwan (Chinese) (331.1K units)
5. Italy (209.1K units)
6. South Korea (110.7K units)
7. Thailand (41.1K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Malaysia

Exports of millstones, grindstones, grinding wheels and the like; of natural stones from Malaysia reduced to 479K units in 2022, waning by -14% against 2021. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 149%. As a result, the exports attained the peak of 557K units, and then contracted in the following year.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $645K in 2022. In general, exports, however, recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Malaysia in 2022:

1. Singapore (146.9K units)
2. Indonesia (130.8K units)
3. Brunei Darussalam (94.4K units)
4. Japan (37.6K units)
5. India (35.2K units)
6. Thailand (32.7K units)

Source: IndexBox Market Intelligence Platform