Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia - 2024
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia (FOB) - 2022
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia (CIF) - 2022
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia (FOB) - 2022
In 2022, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $43 per unit, declining by -15.4% against the previous year. Overall, the export price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 49%. Over the period under review, the average export prices attained the peak figure at $59 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 Mexico ($124 per unit), while the average price for exports to Singapore ($14 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 Mexico (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia (CIF) - 2022
In 2022, the average import price for containers for compressed or liquefied gas, of iron or steel amounted to $30 per unit, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 35%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($58 per unit), while the price for Indonesia ($8.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia
In 2022, overseas shipments of containers for compressed or liquefied gas, of iron or steel were finally on the rise to reach 1.2M units after two years of decline. Over the period under review, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel soared to $51M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.5 | 8.9 | 8.6 | 21.5 | 11.5% |
| Singapore | 3.2 | 3.3 | 4.7 | 6.5 | 26.6% |
| India | 1.4 | 2.5 | 5.8 | 3.6 | 37.0% |
| China | 2.0 | 2.6 | 2.1 | 2.7 | 10.5% |
| Mexico | 2.2 | 1.3 | 1.7 | 2.6 | 5.7% |
| South Korea | 3.5 | 2.9 | 2.4 | 2.1 | -15.7% |
| Bangladesh | 0.1 | 0.1 | 0.1 | 1.8 | 162.1% |
| Japan | 2.2 | 2.0 | 1.6 | 1.6 | -10.1% |
| Thailand | 5.5 | 4.8 | 3.4 | 1.5 | -35.2% |
| Vietnam | 1.0 | 0.6 | 0.6 | 1.3 | 9.1% |
| Australia | 1.1 | 0.7 | 1.2 | 1.2 | 2.9% |
| Philippines | 0.6 | 0.6 | 0.6 | 0.8 | 10.1% |
| Others | 4.9 | 3.0 | 5.3 | 3.8 | -8.1% |
| Total | 43.2 | 33.5 | 38.0 | 51.0 | 5.7% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Malaysia in 2022:
- Singapore (457.5K units)
- United States (305.0K units)
- Thailand (66.9K units)
- India (52.8K units)
- Bangladesh (51.5K units)
- China (46.4K units)
- Vietnam (41.0K units)
- Japan (29.0K units)
- Australia (21.5K units)
- Mexico (20.9K units)
- Philippines (20.2K units)
- South Korea (18.7K units)
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia
Imports of containers for compressed or liquefied gas, of iron or steel into Malaysia declined slightly to 1.2M units in 2022, which is down by -3.7% on 2021. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 41%. Over the period under review, imports of hit record highs at 1.4M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel expanded remarkably to $36M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% 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 +63.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.0 | 11.3 | 20.3 | 20.9 | 11.7% |
| South Korea | 2.7 | 0.3 | 0.2 | 3.9 | 13.0% |
| Japan | 1.6 | 2.2 | 3.3 | 2.4 | 14.5% |
| United States | 1.6 | 1.1 | 1.5 | 1.7 | 2.0% |
| Thailand | 0.9 | 0.8 | 1.1 | 1.6 | 21.1% |
| Indonesia | 0.3 | 0.2 | 0.1 | 1.0 | 49.4% |
| Singapore | 2.8 | 1.6 | 1.5 | 0.8 | -34.1% |
| Germany | 0.4 | 0.8 | 1.1 | 0.6 | 14.5% |
| India | 0.6 | 1.6 | 1.5 | 0.5 | -5.9% |
| Others | 2.5 | 2.2 | 1.9 | 2.3 | -2.7% |
| Total | 28.5 | 21.9 | 32.6 | 35.8 | 7.9% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Malaysia in 2022:
- China (697.7K units)
- Indonesia (125.0K units)
- South Korea (96.7K units)
- Singapore (66.2K units)
- Japan (41.0K units)
- Thailand (40.6K units)
- United States (29.1K units)
- Germany (15.3K units)
- India (10.6K units)
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