Price for Railway or Tramway Track Constructions of Iron or Steel in Malaysia - 2024

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Malaysia (CIF) - 2024
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Malaysia (FOB) - 2022
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Malaysia
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Malaysia

Price for Railway or Tramway Track Constructions of Iron or Steel in Malaysia (CIF) - 2024

The average import price for railway or tramway track constructions of iron or steel stood at $777 per ton in January 2024, growing by 3% against the previous month. In general, the import price, however, showed a abrupt descent. The growth pace was the most rapid in July 2023 when the average import price increased by 98% m-o-m. The import price peaked at $2,201 per ton in February 2023; however, from March 2023 to January 2024, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to -4.3% per month.

Price for Railway or Tramway Track Constructions of Iron or Steel in Malaysia (FOB) - 2022

In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $1,547 per ton, dropping by -34.8% against the previous year. Over the period under review, the export price saw a pronounced reduction. The growth pace was the most rapid in 2017 when the average export price increased by 57% against the previous year. As a result, the export price attained the peak level of $5,229 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($3,354 per ton), while the average price for exports to Indonesia ($1,169 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 Iran (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Malaysia

In 2022, the amount of railway or tramway track constructions of iron or steel imported into Malaysia soared to 17K tons, rising by 21% on 2021 figures. In general, imports, however, faced a significant decrease.

In value terms, imports of railway or tramway track constructions of iron or steel surged to $20M in 2022. Overall, imports, however, recorded a abrupt setback.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Malaysia in 2022:

1. China (13.9K tons)
2. Dominican Republic (1.0K tons)
3. France (0.5K tons)
4. Germany (0.3K tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Malaysia

After two years of decline, shipments abroad of railway or tramway track constructions of iron or steel increased by 4.8% to 1.1K tons in 2022. Overall, exports, however, faced a significant decline.

In value terms, exports of railway or tramway track constructions of iron or steel reduced dramatically to $1.7M in 2022. In general, exports, however, recorded a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 0.4% against the previous year.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Malaysia in 2022:

1. Singapore (743.9 tons)
2. Philippines (195.3 tons)
3. Australia (65.4 tons)
4. Spain (21.1 tons)
5. Cote d'Ivoire (18.7 tons)
6. Indonesia (8.9 tons)

Source: IndexBox Market Intelligence Platform