Price for Clock Movements; Complete and Assembled in Malaysia - 2022
Contents:
- Price for Clock Movements; Complete and Assembled in Malaysia (CIF) - 2022
- Price for Clock Movements; Complete and Assembled in Malaysia (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in Malaysia
- Exports of Clock Movements; Complete and Assembled in Malaysia
Price for Clock Movements; Complete and Assembled in Malaysia (CIF) - 2022
In 2022, the average import price for clock movements; complete and assembleds amounted to $17 per unit, with an increase of 44% against the previous year. In general, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 88%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($48 per unit), while the price for Hong Kong SAR ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clock Movements; Complete and Assembled in Malaysia (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $88 per unit, dropping by -8.8% against the previous year. In general, the export price saw a slight setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $165 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($103 per unit), while the average price for exports to China ($1 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 Thailand (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Clock Movements; Complete and Assembled in Malaysia
In 2022, purchases abroad of clock movements; complete and assembleds decreased by -17.4% to 18K units, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 223% against the previous year. As a result, imports attained the peak of 39K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, clock movements; complete and assembled imports soared to $297K in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 146%. As a result, imports reached the peak of $345K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Clock Movements; Complete and Assembled in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 53.5 | 65.7 | 86.1 | 115 | 29.1% |
| China | 6.6 | 79.5 | 81.6 | 83.3 | 132.8% |
| Finland | 16.4 | 16.1 | 17.0 | 18.2 | 3.5% |
| Hong Kong SAR | 12.8 | 12.2 | 11.1 | 16.7 | 9.3% |
| Thailand | 0.4 | 32.1 | 3.9 | 14.7 | 232.5% |
| Germany | 6.6 | 6.7 | 7.1 | 7.7 | 5.3% |
| Singapore | 2.1 | 120 | 18.0 | 3.0 | 12.6% |
| Others | 41.6 | 12.2 | 25.2 | 38.7 | -2.4% |
| Total | 140 | 345 | 250 | 297 | 28.5% |
Top Suppliers of Clock Movements; Complete and Assembled to Malaysia in 2022:
- Hong Kong SAR (6.0K units)
- China (5.1K units)
- Belgium (2.5K units)
- Thailand (2.3K units)
- Finland (0.4K units)
- Germany (0.3K units)
- Singapore (0.2K units)
Exports of Clock Movements; Complete and Assembled in Malaysia
After three years of growth, overseas shipments of clock movements; complete and assembleds decreased by -10.7% to 216 units in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 100% against the previous year. Over the period under review, the exports hit record highs at 242 units in 2021, and then declined in the following year.
In value terms, clock movements; complete and assembled exports declined dramatically to $19K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 145% against the previous year. Over the period under review, the exports hit record highs at $23K in 2021, and then fell significantly in the following year.
| Export of Clock Movements; Complete and Assembled in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.2 | 12.8 | 20.5 | 16.8 | 47.8% |
| Thailand | 0.7 | 1.6 | 2.4 | 1.8 | 37.0% |
| South Korea | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.2 | 0.3 | 0.5 | 0.4 | 26.0% |
| Total | 6.0 | 14.7 | 23.5 | 19.1 | 47.1% |
Top Export Markets for Clock Movements; Complete and Assembled from Malaysia in 2022:
- Japan (168.0 units)
- Thailand (18.0 units)
- South Korea (4.0 units)
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