Speed Changer Price in Malaysia - 2021
Contents:
- Speed Changer Price in Malaysia (CIF) - 2022
- Speed Changer Price in Malaysia (FOB) - 2022
- Speed Changer Imports in Malaysia
- Speed Changer Exports in Malaysia
Speed Changer Price in Malaysia (CIF) - 2022
In 2022, the average speed changer import price amounted to $15,646 per ton, falling by -5.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2020 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $16,554 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($43,379 per ton), while the price for China ($10,565 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Malaysia (FOB) - 2022
The average speed changer export price stood at $14,850 per ton in 2022, waning by -12% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 34%. The export price peaked at $16,880 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($34,922 per ton), while the average price for exports to Lithuania ($968 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 Singapore (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Malaysia
Speed changer imports into Malaysia fell to 14K tons in 2022, with a decrease of -6.1% on the previous year's figure. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year.
In value terms, speed changer imports dropped to $225M in 2022. Over the period under review, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of $254M, and then fell in the following year.
| Import of Speed Changer in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.0 | 60.3 | 104 | 108 | 13.9% |
| United States | 15.0 | 13.1 | 15.8 | 17.3 | 4.9% |
| Japan | 66.7 | 52.6 | 55.6 | 16.7 | -37.0% |
| Germany | 18.3 | 14.3 | 19.1 | 15.7 | -5.0% |
| Taiwan (Chinese) | 11.7 | 14.3 | 10.4 | 13.1 | 3.8% |
| Italy | 5.3 | 3.7 | 5.2 | 11.1 | 27.9% |
| Singapore | 12.1 | 8.3 | 9.4 | 10.6 | -4.3% |
| Indonesia | 7.4 | 5.6 | 6.1 | 6.8 | -2.8% |
| Thailand | 4.7 | 4.0 | 4.0 | 4.5 | -1.4% |
| Others | 22.1 | 20.6 | 23.9 | 21.1 | -1.5% |
| Total | 236 | 197 | 254 | 225 | -1.6% |
Top Suppliers of Speed Changer to Malaysia in 2022:
- China (10.3K tons)
- Japan (0.7K tons)
- Italy (0.5K tons)
- Germany (0.5K tons)
- Singapore (0.4K tons)
- United States (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
- Indonesia (0.3K tons)
- Thailand (0.2K tons)
Speed Changer Exports in Malaysia
In 2022, the amount of speed changers, industrial high-speed drives and gear exported from Malaysia dropped to 3.1K tons, waning by -10.1% on 2021 figures. In general, total exports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 63% against the previous year. As a result, the exports attained the peak of 3.4K tons, and then reduced in the following year.
In value terms, speed changer exports reduced dramatically to $46M in 2022. Over the period under review, exports saw a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, the exports reached the peak of $58M, and then shrank sharply in the following year.
| Export of Speed Changer in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 7.1 | 6.6 | 12.9 | 9.5 | 10.2% |
| Thailand | 8.0 | 4.7 | 12.4 | 9.2 | 4.8% |
| Hong Kong SAR | 8.6 | 3.0 | 3.4 | 3.4 | -26.6% |
| Italy | 0.9 | 1.4 | N/A | 3.1 | 51.0% |
| United States | 2.6 | 3.4 | 3.7 | 2.5 | -1.3% |
| Indonesia | 2.2 | 1.4 | 2.9 | 2.2 | 0.0% |
| Vietnam | 2.0 | 1.5 | 2.6 | 1.9 | -1.7% |
| China | 2.6 | 1.3 | 4.0 | 1.8 | -11.5% |
| Japan | 1.6 | 1.5 | 1.8 | 1.6 | 0.0% |
| Philippines | 1.2 | 1.4 | 2.9 | 1.2 | 0.0% |
| Poland | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Cambodia | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Lithuania | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 10.2 | 7.2 | 11.0 | 9.0 | -4.1% |
| Total | 47.3 | 33.8 | 58.0 | 45.9 | -1.0% |
Top Export Markets for Speed Changer from Malaysia in 2022:
- Thailand (842.5 tons)
- Singapore (376.4 tons)
- Indonesia (260.9 tons)
- Poland (228.9 tons)
- Japan (140.7 tons)
- Italy (121.8 tons)
- Hong Kong SAR (111.5 tons)
- United States (110.4 tons)
- Philippines (96.4 tons)
- China (78.4 tons)
- Lithuania (60.1 tons)
- Cambodia (59.4 tons)
- Vietnam (54.9 tons)
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