Seals; Mechanical Price in Malaysia - 2021

Contents:

1. Seals; Mechanical Price in Malaysia (CIF) - 2022
2. Seals; Mechanical Price in Malaysia (FOB) - 2022
3. Seals; Mechanical Imports in Malaysia
4. Seals; Mechanical Exports in Malaysia

Seals; Mechanical Price in Malaysia (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $3 per unit, waning by -20% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 70%. Over the period under review, average import prices hit record highs at $6.7 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($4.7 per unit), while the price for Sweden ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced a decline.

Seals; Mechanical Price in Malaysia (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $3.3 per unit, rising by 90% against the previous year. In general, the export price continues to indicate a tangible increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +130.2% per year.

Seals; Mechanical Imports in Malaysia

In 2022, the amount of seals; mechanicals imported into Malaysia expanded rapidly to 10M units, picking up by 11% on 2021 figures. The total import volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports shrank to $31M in 2022. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Imports peaked at $37M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Seals; Mechanical to Malaysia in 2022:

1. United States (5.3M units)
2. China (2.2M units)
3. Sweden (0.5M units)
4. Germany (0.4M units)
5. United Kingdom (0.2M units)
6. Japan (0.1M units)
7. India (0.1M units)

Seals; Mechanical Exports in Malaysia

In 2022, after three years of growth, there was significant decline in overseas shipments of seals; mechanicals, when their volume decreased by -52.3% to 1.9M units. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 78% against the previous year. As a result, the exports attained the peak of 3.9M units, and then fell sharply in the following year.

In value terms, seals; mechanical exports dropped to $6.3M in 2022. The total export value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of $6.9M, and then dropped in the following year.

Top Export Markets for Seals; Mechanical from Malaysia in 2022:

1. Myanmar (1.9M units)

Source: IndexBox Market Intelligence Platform