Malaysia - Spades And Shovels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpades and Shovels Price in Malaysia - 2021
Contents:
- Spades and Shovels Price in Malaysia (CIF) - 2021
- Spades and Shovels Price in Malaysia (FOB) - 2021
- Spades and Shovels Imports in Malaysia
- Spades and Shovels Exports in Malaysia
Spades and Shovels Price in Malaysia (CIF) - 2021
In December 2021, the average spades and shovels import price amounted to $1,276 per ton, dropping by -12.4% against the previous month. In general, import price indicated modest growth from December 2020 to December 2021: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, spades and shovels import price decreased by -17.4% against October 2021 indices. The pace of growth appeared the most rapid in January 2021 when the average import price increased by 98% against the previous month. As a result, import price reached the peak level of $2,093 per ton. From February 2021 to December 2021, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to +1.9% per month.
Spades and Shovels Price in Malaysia (FOB) - 2021
The average spades and shovels export price stood at $4,097 per ton in December 2021, increasing by 27% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2021 when the average export price increased by 187% m-o-m. Over the period under review, the average export prices hit record highs at $6,281 per ton in June 2021; however, from July 2021 to December 2021, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In December 2021, the country with the highest price was Indonesia ($5,610 per ton), while the average price for exports to Papua New Guinea totaled $3,991 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.9%), while the prices for the other major destinations experienced a decline.
Spades and Shovels Imports in Malaysia
In 2022, approx. 2.1K tons of spades and shovels were imported into Malaysia; reducing by -25.7% on 2021. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 105% against the previous year. As a result, imports attained the peak of 2.8K tons, and then declined notably in the following year.
In value terms, spades and shovels imports shrank rapidly to $2.8M in 2022. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 169% against the previous year. As a result, imports attained the peak of $4.1M, and then fell remarkably in the following year.
| Import of Spades and Shovels in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 1.2 | 3.6 | 2.4 | 19.7% |
| Hong Kong SAR | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 1.8 | 1.5 | 4.1 | 2.8 | 15.9% |
Top Suppliers of Spades and Shovels to Malaysia in 2022:
- China (1791.5 tons)
- Hong Kong SAR (245.6 tons)
Spades and Shovels Exports in Malaysia
In 2022, shipments abroad of spades and shovels decreased by -3.2% to 23 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11%.
In value terms, spades and shovels exports shrank to $59K in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports reached the peak of $62K, and then fell in the following year.
| Export of Spades and Shovels in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 7.1 | 12.8 | 32.2 | 30.4 | 62.4% |
| Indonesia | 18.2 | 12.4 | 16.8 | 15.8 | -4.6% |
| Solomon Islands | 4.6 | 7.6 | 4.0 | 3.8 | -6.2% |
| Congo | 5.1 | 8.5 | 0.6 | 2.4 | -22.2% |
| Bahamas | 5.0 | 4.2 | 1.9 | 1.5 | -33.1% |
| Equatorial Guinea | 2.7 | 2.5 | 1.3 | 1.1 | -25.9% |
| South Africa | 1.1 | 0.9 | 0.5 | 0.5 | -23.1% |
| Thailand | 0.1 | 0.1 | 0.6 | 0.5 | 71.0% |
| Others | 7.4 | 5.8 | 4.7 | 2.6 | -29.4% |
| Total | 51.3 | 54.8 | 62.5 | 58.6 | 4.5% |
Top Export Markets for Spades and Shovels from Malaysia in 2022:
- Papua New Guinea (9.7 tons)
- Indonesia (6.4 tons)
- Equatorial Guinea (1.9 tons)
- Solomon Islands (1.5 tons)
- Congo (1.2 tons)
- South Africa (0.6 tons)
- Thailand (0.6 tons)
- Bahamas (0.5 tons)
This report provides an in-depth analysis of the spades and shovels market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25731010 - Spades and shovels
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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