Price for Slide Fasteners and Parts Thereof in Malaysia - 2021

Price for Slide Fasteners and Parts Thereof in Malaysia (CIF) - 2021

In December 2021, the average import price for slide fasteners and parts thereoves amounted to $45.5 per thousand units, jumping by 22% against the previous month. Over the period under review, the import price, however, recorded a perceptible descent. The pace of growth was the most pronounced in March 2021 when the average import price increased by 68% against the previous month. The import price peaked at $152 per thousand units in April 2021; however, from May 2021 to December 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($124 per thousand units), while the price for Thailand ($30.0 per thousand units) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.7%), while the prices for the other major suppliers experienced a decline.

Price for Slide Fasteners and Parts Thereof in Malaysia (FOB) - 2022

In 2022, the average export price for slide fasteners and parts thereoves amounted to $0.1 per unit, with an increase of 5.4% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2015 an increase of 47%. The export price peaked at $0.2 per unit 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($0.6 per unit), while the average price for exports to Egypt (less than $0.1 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 Vietnam (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in Malaysia

In 2022, approx. 83M units of slide fasteners and parts thereoves were imported into Malaysia; which is down by -8.8% on the year before. Overall, imports showed a dramatic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 22%. Imports peaked at 205M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, slide fasteners and parts thereof imports rose slightly to $6.7M in 2022. Over the period under review, imports continue to indicate a significant decline. Over the period under review, imports attained the maximum at $18M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Slide Fasteners and Parts Thereof in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.6	2.9	3.6	2.8	-24.9%
Singapore	0.1	N/A	N/A	1.0	115.4%
Taiwan (Chinese)	3.6	1.3	0.9	0.9	-37.0%
Indonesia	2.8	0.8	0.6	0.7	-37.0%
Hong Kong SAR	2.0	0.5	0.5	0.5	-37.0%
Japan	1.0	0.6	0.2	0.3	-33.1%
United States	0.2	0.3	0.2	0.1	-20.6%
Thailand	0.4	0.1	0.1	0.1	-37.0%
France	0.6	0.3	N/A	N/A	-50.0%
Others	0.4	0.2	0.4	0.3	-9.1%
Total	17.6	6.9	6.6	6.7	-27.5%

Top Suppliers of Slide Fasteners and Parts Thereof to Malaysia in 2022:

China (59.4M units)
Indonesia (8.1M units)
Taiwan (Chinese) (4.3M units)
Singapore (3.2M units)
Japan (1.7M units)
Hong Kong SAR (1.6M units)
United States (1.5M units)
Thailand (0.7M units)
France (0.2M units)

Exports of Slide Fasteners and Parts Thereof in Malaysia

In 2022, overseas shipments of slide fasteners and parts thereoves were finally on the rise to reach 30M units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a significant curtailment. Over the period under review, the exports attained the peak figure at 69M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, slide fasteners and parts thereof exports surged to $2.9M in 2022. Over the period under review, exports, however, saw a precipitous shrinkage. Over the period under review, the exports hit record highs at $8.1M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Slide Fasteners and Parts Thereof in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	2,429	994	287	528	-39.9%
Peru	109	44.0	299	505	66.7%
Cambodia	2,758	953	237	501	-43.4%
India	101	298	315	314	45.9%
Vietnam	1,177	378	39.6	191	-45.5%
Mexico	156	128	110	97.2	-14.6%
Argentina	120	41.7	32.3	80.8	-12.4%
Japan	134	92.6	62.7	65.3	-21.3%
Turkey	246	86.9	61.8	64.9	-35.9%
Russia	46.8	43.3	24.9	22.1	-22.1%
Egypt	72.3	39.6	21.3	17.6	-37.6%
Greece	178	N/A	N/A	N/A	0%
Brazil	125	N/A	N/A	N/A	0%
Others	450	548	611	486	2.6%
Total	8,102	3,646	2,101	2,873	-29.2%