Price for Tugs and Pusher Craft in Malaysia - 2021

Contents:

1. Price for Tugs and Pusher Craft in Malaysia (FOB) - 2022
2. Price for Tugs and Pusher Craft in Malaysia (CIF) - 2022
3. Exports of Tugs and Pusher Craft in Malaysia
4. Imports of Tugs and Pusher Craft in Malaysia

Price for Tugs and Pusher Craft in Malaysia (FOB) - 2022

In 2022, the average tugs and pusher craft export price amounted to $2,473,889 per unit, with an increase of 13% against the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 115% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($2,966,356 per unit), while the average price for exports to Singapore ($1,689,501 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 Indonesia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tugs and Pusher Craft in Malaysia (CIF) - 2022

The average tugs and pusher craft import price stood at $793,424 per unit in 2022, dropping by -55% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by 972%. Over the period under review, average import prices attained the peak figure at $16,303,341 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +28.8% per year.

Exports of Tugs and Pusher Craft in Malaysia

In 2022, exports of tugs and pusher crafts from Malaysia fell notably to 42 units, with a decrease of -20.8% on 2021 figures. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. Over the period under review, the exports attained the maximum at 59 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tugs and pusher craft exports fell to $104M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 62% against the previous year. Over the period under review, the exports hit record highs at $117M in 2021, and then dropped in the following year.

Top Export Markets for Tugs and Pusher Craft from Malaysia in 2022:

1. Indonesia (24.0 units)
2. Singapore (15.0 units)
3. Papua New Guinea (3.0 units)

Imports of Tugs and Pusher Craft in Malaysia

In 2022, overseas purchases of tugs and pusher crafts decreased by 0% to less than 0.1 units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 200%. As a result, imports attained the peak of 9 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tugs and pusher craft imports shrank sharply to $352K in 2022. Overall, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 3,645%. As a result, imports attained the peak of $37M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Tugs and Pusher Craft to Malaysia in 2022:

1. Indonesia (8.0 units)
2. Singapore (1.0 units)

Source: IndexBox Market Intelligence Platform