Price for Machinery; Parts of Machinery of Heading No. 8422 in Malaysia - 2024
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Malaysia (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Malaysia (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Malaysia
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Malaysia
Price for Machinery; Parts of Machinery of Heading No. 8422 in Malaysia (CIF) - 2022
The average import price for machinery; parts of machinery of heading no. 8422 stood at $27,836 per ton in 2022, picking up by 11% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 103%. As a result, import price reached the peak level of $36,463 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($90,967 per ton), while the price for Japan ($8,054 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Malaysia (FOB) - 2022
The average export price for machinery; parts of machinery of heading no. 8422 stood at $44,694 per ton in 2022, dropping by -15.3% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 72%. The export price peaked at $52,756 per ton in 2021, and then fell significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($275,594 per ton), while the average price for exports to Vietnam ($10,405 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 China (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Malaysia
Imports of machinery; parts of machinery of heading no. 8422 into Malaysia fell to 1.2K tons in 2022, declining by -5.9% compared with the previous year. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports reached the peak of 1.3K tons, and then declined in the following year.
In value terms, imports of machinery; parts of machinery of heading no. 8422 amounted to $33M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.3 | 6.2 | 7.1 | 11.0 | 27.6% |
| Italy | 4.2 | 3.5 | 5.7 | 3.8 | -3.3% |
| China | 2.7 | 2.5 | 3.4 | 2.8 | 1.2% |
| France | 4.1 | 2.6 | 2.9 | 2.3 | -17.5% |
| United States | 1.1 | 2.6 | 1.8 | 1.9 | 20.0% |
| Thailand | 1.5 | 1.6 | 1.5 | 1.8 | 6.3% |
| Taiwan (Chinese) | 0.8 | 0.9 | 0.9 | 1.7 | 28.6% |
| Singapore | 1.2 | 0.7 | 1.1 | 1.3 | 2.7% |
| Japan | 0.9 | 1.1 | 0.8 | 0.9 | 0.0% |
| Switzerland | 0.7 | 0.7 | 2.3 | 0.9 | 8.7% |
| India | 0.4 | 0.3 | 0.7 | 0.7 | 20.5% |
| Belgium | 0.6 | 0.5 | 0.3 | 0.7 | 5.3% |
| South Korea | 0.5 | 0.5 | 0.4 | 0.3 | -15.7% |
| Others | 4.3 | 3.4 | 2.8 | 3.2 | -9.4% |
| Total | 28.2 | 26.9 | 31.7 | 33.2 | 5.6% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Malaysia in 2022:
- Germany (320.9 tons)
- China (231.7 tons)
- Japan (115.4 tons)
- Thailand (77.7 tons)
- Singapore (73.5 tons)
- Taiwan (Chinese) (67.5 tons)
- France (44.4 tons)
- Italy (42.0 tons)
- India (31.2 tons)
- Switzerland (29.8 tons)
- United States (25.4 tons)
- Belgium (18.6 tons)
- South Korea (18.5 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Malaysia
Exports of machinery; parts of machinery of heading no. 8422 from Malaysia skyrocketed to 281 tons in 2022, picking up by 56% against 2021 figures. Overall, exports, however, showed a mild slump.
In value terms, exports of machinery; parts of machinery of heading no. 8422 surged to $13M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% 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 +70.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,009 | 1,856 | 935 | 1,550 | 15.4% |
| Thailand | 765 | 352 | 675 | 1,430 | 23.2% |
| Singapore | 435 | 530 | 504 | 1,205 | 40.4% |
| Indonesia | 361 | 594 | 1,041 | 1,119 | 45.8% |
| Australia | 446 | 354 | 1,079 | 1,094 | 34.9% |
| India | 419 | 1,006 | 1,265 | 978 | 32.7% |
| Germany | 96.0 | 84.2 | 296 | 850 | 106.9% |
| Vietnam | 62.9 | 63.9 | 371 | 747 | 128.2% |
| South Korea | 58.3 | 4.0 | 77.5 | 729 | 132.1% |
| United States | 973 | 600 | 256 | 620 | -13.9% |
| Italy | 985 | 838 | 876 | 572 | -16.6% |
| Bangladesh | 29.6 | 61.8 | 35.9 | 137 | 66.7% |
| Togo | 197 | 17.3 | 35.5 | 42.1 | -40.2% |
| Others | 1,809 | 1,015 | 2,054 | 1,476 | -6.6% |
| Total | 7,647 | 7,375 | 9,500 | 12,551 | 18.0% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Malaysia in 2022:
- Vietnam (71.8 tons)
- Singapore (37.2 tons)
- United States (30.9 tons)
- Thailand (30.4 tons)
- South Korea (25.6 tons)
- Indonesia (17.4 tons)
- Germany (10.9 tons)
- Australia (10.6 tons)
- India (9.8 tons)
- China (5.6 tons)
- Italy (4.8 tons)
- Bangladesh (4.5 tons)
- Togo (3.0 tons)
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