Price for Tools, Hand; Other than Household Tools in Malaysia - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Malaysia (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Malaysia (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Malaysia
- Exports of Tools, Hand; Other than Household Tools in Malaysia
Price for Tools, Hand; Other than Household Tools in Malaysia (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $4,796 per ton, surging by 6.1% against the previous year. Overall, the import price, however, recorded a slight decrease. The pace of growth was the most pronounced in 2020 an increase of 53% against the previous year. Over the period under review, average import prices hit record highs at $7,085 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($46,136 per ton), while the price for China ($2,176 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Malaysia (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $6,226 per ton in 2022, increasing by 16% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. Over the period under review, the average export prices attained the maximum at $10,127 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($17,496 per ton), while the average price for exports to Maldives ($2,107 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 Lao People's Democratic Republic (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Malaysia
Imports of tools, hand; other than household toolses into Malaysia dropped to 7.5K tons in 2022, shrinking by -13.3% compared with the year before. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 7.3%.
In value terms, imports of tools, hand; other than household toolses declined to $36M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports reached the peak of $39M, and then reduced in the following year.
| Import of Tools, Hand; Other than Household Tools in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.2 | 18.6 | 17.1 | 13.6 | -13.8% |
| United States | 2.3 | 5.7 | 9.8 | 9.7 | 61.6% |
| Taiwan (Chinese) | 2.3 | 1.9 | 2.0 | 2.7 | 5.5% |
| Singapore | 1.4 | 1.8 | 2.1 | 2.4 | 19.7% |
| Japan | 1.6 | 1.4 | 2.0 | 1.6 | 0.0% |
| Others | 5.2 | 5.0 | 6.1 | 5.7 | 3.1% |
| Total | 33.9 | 34.4 | 39.0 | 35.9 | 1.9% |
Top Suppliers of Tools, Hand; Other than Household Tools to Malaysia in 2022:
- China (6.3K tons)
- Taiwan (Chinese) (0.3K tons)
- United States (0.2K tons)
- Singapore (0.1K tons)
- Japan (0.1K tons)
Exports of Tools, Hand; Other than Household Tools in Malaysia
In 2022, exports of tools, hand; other than household toolses from Malaysia soared to 1.8K tons, picking up by 31% against the year before. The total export volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, exports of tools, hand; other than household toolses soared to $11M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tools, Hand; Other than Household Tools in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 2,351 | 2,795 | 792 | 2,048 | -4.5% |
| Thailand | 488 | 1,198 | 1,025 | 1,517 | 45.9% |
| Singapore | 1,951 | 1,667 | 1,234 | 1,504 | -8.3% |
| Brunei Darussalam | 989 | 840 | 1,483 | 1,305 | 9.7% |
| Maldives | 238 | 227 | 612 | 875 | 54.3% |
| Australia | 89.2 | 57.8 | 60.2 | 496 | 77.2% |
| China | 17.0 | 457 | 57.2 | 260 | 148.2% |
| Others | 2,527 | 3,034 | 1,968 | 2,996 | 5.8% |
| Total | 8,650 | 10,276 | 7,232 | 11,001 | 8.3% |
Top Export Markets for Tools, Hand; Other than Household Tools from Malaysia in 2022:
- Papua New Guinea (468.6 tons)
- Maldives (415.1 tons)
- Brunei Darussalam (249.1 tons)
- Singapore (135.2 tons)
- Thailand (109.7 tons)
- Australia (83.1 tons)
- China (75.2 tons)
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